New Delhi Television Ltd (NDTV), owned by Gautam Adani, announced a sharp decline of 97.5% in net profit (attributable to owners) for the quarter ending March 31, 2023, with a net profit of Rs 59 lakh compared to Rs 24.16 crore in the same period last year.
While the company posted a net profit of Rs 22.8 crore, which was up by 79% compared to the previous year's Q4 results, one of the major highlights was the performance of Adani Enterprises, a subsidiary of the Adani Group and a major shareholder in NDTV.
The company's revenue from operations also dropped by 35.5% to Rs 67 crore, compared to Rs 104 crore in Q4FY22. On Friday, the company's shares on the BSE closed 4.7% higher at Rs 190.
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