NDTV Q1 net at Rs 20.8 million

MUMBAI: NDTV has posted a net profit of Rs 20.8 million in the quarter ended 30 June, 2008 as against a loss of Rs 21.5 million in the corresponding year last fiscal.

During the quarter, the company’s revenue grew 56 per cent to Rs 955 million, from Rs 612.1 million a year ago.

On a consolidated basis, the company’s net profit stood at Rs 5.24 billion whcih includes an exceptional amount of Rs 6.42 billion arising on dilution by subscription of shares by NBCU in an overseas subsidiary.

“NDTV Imagine has also launched NDTV Lumiere in this quarter with theatrical releases of highly acclaimed world cinema, in metros across India,” says an official release.