Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹921Cr
Rev Gr TTM
Revenue Growth TTM
13.60%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

NDTV
VS
| Quarter | Jun 2023 | Sep 2023 | Dec 2023 | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -35.0 | -9.7 | -7.0 | 59.1 | 34.2 | 16.5 | 35.5 | 19.3 | 14.6 | 9.8 | 13.3 | 16.5 |
| 79 | 91 | 107 | 122 | 139 | 155 | 174 | 176 | 165 | 179 | 212 | 233 |
Operating Profit Operating ProfitCr |
| -13.6 | 4.9 | -8.7 | -14.6 | -48.5 | -38.9 | -31.2 | -38.2 | -53.5 | -46.5 | -40.9 | -57.1 |
Other Income Other IncomeCr | 5 | 4 | 2 | 12 | 4 | 1 | 1 | 1 | 5 | 3 | -4 | 2 |
Interest Expense Interest ExpenseCr | 0 | 0 | 1 | 3 | 3 | 4 | 6 | 8 | 9 | 10 | 6 | 6 |
Depreciation DepreciationCr | 2 | 2 | 2 | 3 | 2 | 6 | 8 | 8 | 8 | 9 | 9 | 9 |
| -7 | 6 | -10 | -9 | -47 | -53 | -54 | -63 | -70 | -73 | -80 | -98 |
| 1 | 0 | 0 | 0 | 0 | 1 | 2 | -2 | 0 | 1 | 0 | 1 |
|
Growth YoY PAT Growth YoY% | -131.3 | -57.4 | -166.9 | -703.7 | -483.0 | -1,063.1 | -446.1 | -613.9 | -49.3 | -38.5 | -44.6 | -59.1 |
| -11.5 | 5.8 | -10.4 | -8.2 | -50.2 | -48.0 | -41.8 | -48.8 | -65.3 | -60.5 | -53.4 | -66.6 |
| -1.0 | 0.7 | -1.2 | -1.0 | -5.8 | -6.5 | -6.9 | -7.5 | -8.7 | -11.5 | -10.1 | -11.2 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
|
| | -1.0 | -13.4 | -13.1 | -6.3 | -6.4 | -4.2 | 10.8 | -2.7 | -4.1 | 25.7 | 13.6 |
| 553 | 600 | 532 | 465 | 350 | 320 | 285 | 296 | 329 | 399 | 644 | 789 |
Operating Profit Operating ProfitCr |
| 3.2 | -6.0 | -8.6 | -9.3 | 12.2 | 14.1 | 20.4 | 25.3 | 14.8 | -7.8 | -38.4 | -49.3 |
Other Income Other IncomeCr | 7 | 11 | 4 | 2 | 12 | 18 | 50 | 25 | 26 | 23 | 7 | 6 |
Interest Expense Interest ExpenseCr | 21 | 21 | 22 | 21 | 28 | 25 | 23 | 10 | 3 | 5 | 20 | 31 |
Depreciation DepreciationCr | 25 | 25 | 18 | 15 | 12 | 11 | 10 | 19 | 17 | 9 | 24 | 36 |
| -21 | -68 | -78 | -74 | 21 | 36 | 90 | 96 | 63 | -20 | -217 | -321 |
| 25 | 8 | 8 | 11 | 9 | 8 | 15 | 11 | 10 | 1 | 1 | 2 |
|
| | -64.3 | -13.9 | 2.1 | 113.5 | 145.7 | 168.1 | 13.2 | -37.5 | -140.4 | -920.4 | -48.2 |
| -8.1 | -13.4 | -17.6 | -19.8 | 2.9 | 7.5 | 20.9 | 21.4 | 13.7 | -5.8 | -46.9 | -61.2 |
| -6.8 | -6.8 | -9.9 | -9.8 | 1.3 | 3.0 | 8.7 | 9.8 | 6.0 | -2.5 | -26.6 | -36.9 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
Equity Capital Equity CapitalCr | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 45 |
| 48 | 56 | 77 | 23 | 40 | 62 | 126 | 207 | 254 | 233 | 33 | 83 |
Current Liabilities Current LiabilitiesCr | 288 | 300 | 303 | 370 | 347 | 352 | 254 | 203 | 141 | 190 | 250 | 316 |
Non Current Liabilities Non Current LiabilitiesCr | 53 | 32 | 63 | 79 | 71 | 41 | 30 | 20 | 16 | 123 | 332 | 259 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 434 | 381 | 337 | 367 | 348 | 374 | 230 | 259 | 221 | 233 | 243 | 313 |
Non Current Assets Non Current AssetsCr | 153 | 167 | 140 | 137 | 145 | 120 | 224 | 221 | 245 | 367 | 401 | 377 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
Operating Cash Flow Operating Cash FlowCr | -19 | -3 | -7 | 41 | 27 | 16 | 43 | 155 | -13 | -68 | -144 | -258 |
Investing Cash Flow Investing Cash FlowCr | 59 | -17 | 9 | 5 | -15 | 74 | 12 | -78 | 40 | 50 | -73 | -21 |
Financing Cash Flow Financing Cash FlowCr | -22 | -6 | -6 | 2 | -58 | -72 | -72 | -81 | -19 | 21 | 213 | 284 |
|
Free Cash Flow Free Cash FlowCr | -32 | -26 | -14 | 42 | 21 | 11 | 36 | 148 | -24 | -105 | -223 | |
| 40.5 | 3.4 | 8.5 | -48.9 | 233.4 | 58.3 | 57.0 | 182.4 | -24.5 | 316.3 | 66.2 | 79.8 |
CFO To EBITDA CFO To EBITDA% | -103.3 | 7.7 | 17.3 | -103.8 | 54.4 | 30.8 | 58.4 | 154.3 | -22.7 | 233.9 | 80.8 | 99.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 738 | 685 | 441 | 268 | 236 | 164 | 365 | 1,457 | 1,239 | 1,355 | 720 | 670 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 0.0 | 23.0 | 6.8 | 5.2 | 18.3 | 25.4 | 0.0 | 0.0 | -2.1 |
Price To Sales Price To Sales | 1.3 | 1.2 | 0.9 | 0.6 | 0.6 | 0.4 | 1.0 | 3.7 | 3.2 | 3.7 | 1.6 | 1.3 |
Price To Book Price To Book | 10.0 | 8.4 | 4.3 | 5.5 | 3.6 | 1.9 | 2.4 | 6.3 | 4.4 | 5.3 | 12.3 | 5.2 |
| 43.0 | -20.8 | -13.1 | -9.1 | 6.8 | 4.4 | 5.7 | 13.6 | 20.2 | -49.9 | -5.9 | -3.2 |
Profitability Ratios Profitability Ratios |
| 96.3 | 97.3 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 52.4 |
| 3.2 | -6.0 | -8.6 | -9.3 | 12.2 | 14.1 | 20.4 | 25.3 | 14.8 | -7.8 | -38.4 | -49.3 |
| -8.1 | -13.4 | -17.6 | -19.8 | 2.9 | 7.5 | 20.9 | 21.4 | 13.7 | -5.8 | -46.9 | -61.2 |
| 0.2 | -22.9 | -21.3 | -22.7 | 22.7 | 30.5 | 50.2 | 41.8 | 23.0 | -4.2 | -49.5 | -92.2 |
| -62.1 | -92.3 | -83.6 | -171.6 | 17.3 | 31.7 | 49.4 | 36.4 | 18.9 | -8.3 | -371.3 | -252.0 |
| -7.8 | -13.8 | -18.0 | -16.8 | 2.3 | 5.7 | 16.5 | 17.7 | 11.4 | -3.6 | -33.9 | -45.9 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
New Delhi Television Ltd (NDTV), established in 1988, is a pioneering and highly respected news and digital media organization in India. Known for its credible, unbiased, and insightful journalism, NDTV has evolved from a broadcast-focused entity into a **future-ready, digital-first global media powerhouse**. As of November 2025, it operates as a division of **AMG Media Networks Limited**, part of the Adani Group, which holds over 64.71% ownership following a strategic acquisition in 2022.
NDTV delivers news across television, digital, mobile, and social platforms through a network of **six television channels** and a robust suite of digital properties, reaching over **500 million viewers and users monthly worldwide**.
---
### **Core Business Segments & Offerings**
- **Television Channels**:
- NDTV 24x7 (English)
- NDTV India (Hindi)
- NDTV Profit (Business)
- NDTV Marathi (Regional)
- NDTV Rajasthan
- NDTV Madhya Pradesh & Chhattisgarh
- **Digital Platforms**:
- **ndtv.com** (English), **ndtv.in** (Hindi)
- Specialized verticals: Business, Technology, Food, Movies, Sports, Health, and Lifestyle
- Sub-brands: **NDTV Games**, **NDTV Shopping** (affiliate commerce), **Gadgets360**, **CarAndBike.com**, **BandBaajaa.com**
- **Subsidiaries & Joint Ventures**:
- **NDTV Convergence Limited (NCL)**: Manages digital operations (founded 2006)
- **NDTV Worldwide Limited**: Provides consultancy and metadata services for international channel launches
- **Lifestyle & Media Holdings Limited (NLHL)**: 49% joint venture with Nameh Hotel & Resorts
- Former subsidiaries include Delta Softpro (ceased in 2023)
---
### **Strategic Developments (2023–2025)**
#### **May 2025 – Major Expansion & Technological Transformation**
- **Relocated to a state-of-the-art broadcast facility in Noida**, integrating TV and digital operations for seamless content delivery.
- **Launched Inspire Studio in Mumbai’s BKC**, designed by Austrian firm Veech, featuring virtual production, AR/VR capabilities, and flexible studios to support immersive storytelling.
- **Launched NDTV Marathi**, marking entry into the regional news space with hyper-local, high-quality journalism.
- **Unveiled NDTV World**, a **digital-first global news platform** offering an Indian perspective to audiences in the US, UK, Canada, and the Middle East.
- Secured major **international distribution partnerships**, expanding digital and satellite reach to **65 countries**.
#### **May 2025 – Digital Growth & Audience Reach**
- Achieved **156 million monthly unique digital visitors** and over **88 million social media followers** (90.4 million as of 2025).
- **YouTube subscribers: 37.1 million**, making NDTV the most-subscribed Indian English news channel.
- **NDTV’s X (Twitter) handle has 17.9 million followers**, the highest among English news brands in India.
- Digital platforms recorded **10.4 billion video views** and **127.15% growth in total page views**.
- Apps have **1 million monthly active users**, with features like offline viewing and push notifications.
#### **May 2025 – AI & Digital Infrastructure**
- Integrated **AI, machine learning, and data analytics** into newsroom workflows to enhance content personalization, accuracy, and efficiency.
- Partnered with **Akamai CDN** to ensure zero downtime during traffic surges; digital platforms hosted on **Amazon AWS** with EC2, S3, and RDS.
- Adopted **hybrid cloud architecture** (HPE Green Lake on-prem + AWS), **Oracle Fusion** for procurement, and **Microsoft 365/Zoom** for collaboration.
- Uses **DMX and VCMS** for live streaming and VOD across platforms.
#### **May 2025 – Content & Editorial Innovation**
- Hosted **NDTV World Summit – The India Century**, inaugurated by Prime Minister Narendra Modi, positioning India at the center of global discourse.
- Implemented a **mobile-first, digital-first strategy** with short-form videos, podcasts, and interactive live streams optimized for Gen-Z and millennial audiences.
- **Lok Sabha elections coverage** set records in user engagement and digital traffic.
- Emphasized **diversity, inclusion, and a women’s perspective** in storytelling.
#### **2023–2024 – Strategic Relaunches & Expansion**
- **NDTV Profit re-launched** as a multi-platform business news ecosystem with integrated TV, digital, and audio, featuring AR/VR studios and data-driven reporting.
- Launched **three HD channels** (NDTV 24x7 HD, NDTV India HD, NDTV Profit HD) with satellite transmission underway.
- Expanded into **regional markets** with localized content in Marathi, Hindi (Rajasthan, MP & Chhattisgarh).
- Announced plans for a standalone **Business News TV channel** and more regional launches.
---
### **Revenue & Financial Highlights (FY2024)**
- **NDTV Convergence Limited**: Reported revenue of ₹1,562.64 million (down from ₹2,026.35 million in FY2023).
- **10-year revenue-sharing deal with Taboola** (since 2021), potentially worth ₹750 crores ($100 million), aimed at boosting digital monetization and content recommendations.
- Digital platforms saw **32% growth in site visits and page views** (H2 2023).
- Majority digital revenue now driven by **social media (over 50% of digital video revenue)** and ad partnerships.
---
### **Global & Digital Strategy**
- **International footprint** spans the UK, USA, Canada, South Africa, Australia, New Zealand, Middle East, Mauritius, and SAARC nations.
- **NDTV 24x7** is the only Indian English news channel broadcast across these regions; now available on **Sling TV (USA)**, adding **2.2 million new households**.
- **NDTV World** aims to position India in global media, delivering Indian viewpoints on world affairs.
- Target to reach **311 million unique digital viewers by 2028**, fueled by digital adoption among 910 million young Indians and 800 million broadband users.
---
### **Competitive Advantage**
- **Strong Brand Credibility**: Consistently ranked among India’s most trusted news sources, known for balanced, in-depth reporting on major events (e.g., G-20, Ayodhya Ram Mandir, state elections).
- **Technological Leadership**: State-of-the-art studios in Noida and Mumbai, AI-powered newsrooms, and world-class digital infrastructure.
- **Integrated Ecosystem**: Seamless convergence of TV, digital, mobile, and social platforms with a unified editorial and technical team.
- **Expansion into e-commerce and lifestyle** through verticals like Gadgets360 and NDTV Shopping to diversify revenue.