NDTV Q4 revenues up at Rs 67.60 crores

New Delhi, May 23: Broadcast major NDTV Ltd today reported an increase of 27.5 per cent in revenues during the fourth quarter ended March 2007 at Rs 67.60 crore, as compared to Rs 53.03 crore in the same quarter a year ago.

''The company's board has decided to explore structural changes in NDTV Ltd to position the news and business segments for their next phase of growth with the objective of encouraging entrepreneurship within the company, while also continuing to attract the best external talent,'' a statement said.

The proposed structure will allow growth opportunities through acquisitions and/or strategic tie-ups in India and abroad. The change will also unlock shareholders value and enable raising funds for expansion, it said.

EBIDTA during the said quarter stood at Rs 11 crore against Rs 6.51 crore in the corresponding quarter last year, a jump of 69 per cent.

Operating profits during Q4FY07 more than doubled to Rs 5.47 crore against Rs 2.50 crore during Q4FY06.

The company stated that the consolidated results are not comparable to last year as they include costs incurred in setting up new businesses in NDTV Network Plc.

UNI