NDTV Q4 Results: Revenue Grows 59% As Digital Traffic Surges
During the financial year, the company expanded its presence with the launch of NTDV MP-CG, NDTV Rajasthan and NDTV Profit.
New Delhi Television Ltd.'s revenue in the fourth quarter of fiscal 2024 increased by 59% to Rs 106.5 crore, after its digital arm witnessed a 39% rise in global digital traffic in March.
The attrition during the year was down 58% from the previous year, the company said in a statement on Friday.
During the financial year, the company expanded its presence with the launch of NTDV MP-CG, NDTV Rajasthan and NDTV Profit. In addition, the company is launching NDTV Marathi on May 1.
Strategic expansion from two channels to six has meant substantial investments in next-generation infrastracture at the broadcast facility in BKC, Mumbai, which is up and running, it said. Another facility that will be operational will be set-up in NCR, Delhi, over the coming months, according to the statement.
Shares of NDTV closed 1.26% higher at Rs 237.60 apiece on the NSE, as compared with a 0.67% decline in the benchmark Nifty 50.
Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Ltd, an Adani Group Company.