New Delhi Television Limited has informed the Exchange regarding Board meeting held on April 25, 2025.
NDTV · price
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On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.1 pts more than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NDTV's board approved audited financial results for Q4 and FY25, reporting consolidated revenue growth of about 25.7% YoY to Rs 465 crore for the full year (Rs 370 crore in FY24). However, the company swung to a much larger net loss of Rs 218 crore on a consolidated basis (vs Rs 21 crore loss in FY24), and Rs 200 crore loss on a standalone basis (vs Rs 12 crore loss). Total expenses surged sharply, with marketing/promotional spend more than doubling and finance costs jumping nearly 4x to Rs 20 crore. The board also approved a scheme to merge four wholly-owned subsidiaries (NDTV Networks, NDTV Worldwide, NDTV Media, NDTV Labs) into the parent company, adopted a new set of Articles of Association, and appointed a new internal auditor. The 37th AGM is scheduled for June 24, 2025. The statutory auditor (S.N. Dhawan & Co LLP) issued an unmodified opinion on the results.
Despite strong topline growth, sharply widening losses and a near-doubling of borrowings to ~Rs 360 crore (vs equity of ~Rs 166 crore standalone) are serious red flags for shareholders. The proposed amalgamation of subsidiaries is a structural simplification but does not address the underlying profitability and cash burn issues, which may weigh on the stock in the near term.