NDTV Ltd reported a consolidated loss of Rs 14.44 crore for the quarter-ended December 2010 compared to a net profit of Rs 74.11 crore in the corresponding quarter last year. Revenues for the quarter stood at Rs 115 crore against Rs 169 crore in the corresponding last quarter.
Results for the latest quarter are not comparable with that of the corresponding previous period as they include the numbers of entertainment channel Imagine, in which NDTV sold its stake to Turner International.
On a standalone basis, NDTV reported a net profit of Rs 2.98 crore on revenues of Rs 101.46 crore for the December 2010 quarter against a loss of Rs 1.65 crore on revenues of Rs 93 crore in the corresponding previous period. However, this is excluding the notional one-off effect of the merger of subsidiaries such as NDTV Studios Ltd and NDTV India Plus Ltd with the company.
The advertising revenues of NDTV Good Times for the quarter ended December 2010 grew at 26 per cent over the same quarter last year, the company said in a statement. Further, NDTV said the first part of the NDTV Lifestyle Holdings Private Ltd-Astro transaction was closed during the quarter. NDTV Lifestyle Ltd has received the first tranche of $21.2 million for 26 per cent stake in NDTV Lifestyle Holdings Private Ltd.