Cable TV

NXTDigital turns around its business with Rs 13.66 crore profit in Q4

The company has reported Rs 277.96 crore revenue for the quarter.

https://indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2021/05/15/nxtdigital-800.jpg?itok=XOmVbeCq

KOLKATA: NXTDigital has turned its business profitable by raking in Rs 13.66 crore profit after tax (PAT) for the fourth quarter. The company has reported Rs 277.96 crore consolidated revenue for the quarter.

It posted Rs 0.32 crore PAT in the previous quarter and a loss after tax of Rs 43.43 crore in the corresponding quarter of the previous year. The revenue also grew by 6.95 per cent over the previous quarter of Rs 259.90 crores and by 22.38 per cent over the corresponding quarter of the previous year.

The Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) for the quarter at Rs 67.54 crores was higher by 8.10 per cent over the EBITDA of the previous quarter of Rs 62.47 crores and a 167 per cent growth over the EBITDA of the corresponding quarter of the previous year.

For overall FY 21, the company recorded an EBITDA of Rs 232.08 crore, growing by 6.16 per cent over the EBITDA of the previous year of Rs 218.62 crores (excluding one-time revenues of Rs 123.12 crores in the previous year. Consolidated revenue for the year remained consistent at Rs 1,008.5 crores, marginally down from Rs 1,038 crores –due to a reduction in the low-margin non-core trading business.

“The stellar performance can be attributed to the company’s focus on uninterrupted customer service during the lockdown and after, innovative products and solutions to combat the myriad of ground challenges, driving close to a 100 per cent digital mode of collections on a prepaid basis and the unstinting and tireless efforts of all our employees and our Last Mile partners - all of whom rose to the occasion, without exception,” NXTDigital MD & CEO Vynsley Fernandes said.

The company will continue to focus on its transformation to an “all-digital” services company, driving a host of new products and solutions, whilst expanding into new geographies. One of the key growth drivers for the future will be its recently launched infrastructure sharing PaaS or Platform-as-a-Service offering.

Latest Reads

https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/21/1.jpg?itok=PdzNX0xH
Important to have a product portfolio that can stand the next decade of digital growth: NxtDigital CEO

NxtDigital has upskilled 30-35 per cent of its workforce in digital technology, in addition to making a complete shift to the pre-paid model through enabling digital payment mechanisms, said MD and CEO Vynsley Fernandes as he talked about the company’s transformation from a cable company into a...

Cable TV Local Cable Operators
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/20/img_20012022_125423_800_x_800_pixel.jpg?itok=CGseA2Nk
Hathway Cable reports gross revenues of Rs 455 cr for Q3 FY22

Mumbai: Hathway Cable and Datacom Ltd posted its third-quarter financial results for FY 2022. The company reported its gross revenue at Rs 455 crore an improvement of three per cent year-on-year. The company saw broadband revenue of Rs 154.9 crore and cable TV (CATV) revenue of Rs 300.1 crore. It...

Cable TV Multi System Operators
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/15/nxtdigital22.jpg?itok=e8u7N_MX
Nxtdigital board gives in-principle nod for digital, media biz to be acquired by Hinduja Global Solutions

Mumbai: Nxtdigital Board on Friday accorded in-principle approval for its digital and media businesses comprising broadband, HITS, digital cable television, content syndication & teleshopping to be acquired by Hinduja Global Solutions Limited (HGSL). The proposed acquisition is subject to all...

Cable TV Local Cable Operators
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/13/img_13012022_160210_800_x_800_pixel.jpg?itok=RTyUF4B6
GTPL Hathway reports consolidated revenues of Rs 6130 million for Q3 FY22

Mumbai: GTPL Hathway has announced the financial results for the third quarter and nine months ended on 31 December 2021, as approved by its board of directors. The company’s consolidated Q3 FY22 revenue (incl EPC) stood at Rs 6130 million. Its consolidated 9M FY22 revenue (incl EPC) stood at Rs 18...

Cable TV Multi System Operators
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/10/img_10012022_182116_800_x_800_pixel.jpg?itok=JZjZhce9
GTPL Hathway announces partnership with Aprecomm

Mumbai: Cable TV distribution and broadband service provider GTPL Hathway Ltd on Monday announced the investment in innovative technology to remotely optimise its residential Wi-Fi connections through a partnership with Aprecomm.

Cable TV Multi System Operators
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/31/img_31122021_151223_800_x_800_pixel.jpg?itok=Iw-nP76I
Yogesh Sharma takes over as Siti Networks CEO

Mumbai: Siti Networks Ltd, an Essel Group company has appointed Yogesh Sharma as chief executive officer from 1 January. Sharma joined Siti Networks as vice president in 2018 and became the chief operating officer in 2019. He has been instrumental in introducing innovative ideas, implementing new...

Cable TV People
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/08/img_08122021_151124_800_x_800_pixel.jpg?itok=mzQuZR94
Do Smart TVs Have Security Risks?

The craze for Smart TVs at homes is through the roof. With the given benefits of watching different shows to browsing Internet on TV, smart TVs are probably on people’s appliances list to buy in the coming years.  

Cable TV Local Cable Operators
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/12/01/nxtdigital.jpg?itok=B-JiQCPM
Nxtdigital’s rights issue subscribed by 194 %, receives Rs 560.13 cr

Nxtdigital has announced that the company’s rights issue of equity shares of two shares for every five shares held in the company (aggregating a total of 96,20,463 shares) which closed on 29 November was subscribed 1.94 times.

Cable TV Local Cable Operators
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/11/25/chrome.jpg?itok=haSG5jFS
Free Dish grows by 11 per cent across rural, urban households: Chrome DM

Mumbai: Chrome Data Analytics & Media has announced the results for its bi-annual subscriber establishment survey (SES) and released a November report based on a Pan India ground survey conducted between April to June, 2021.

Cable TV Local Cable Operators

Sign up for our Newsletter

subscribe for latest stories

* indicates required