NXTDigital reports Rs. 543 cr. consolidated revenue H1-22
SUBSCRIBE
JOBS
4 weeks ago 06:03:35am

NXTDigital reports Rs. 543 cr. consolidated revenue H1-22

New Delhi, 12-November-2021, By IBW Team

NXTDigital reports Rs. 543 cr. consolidated revenue H1-22

NXTDigital Ltd, the media business of the Hinduja Group, reported 15.48 percent increase in consolidated revenues to Rs 543.42 crore for the half-year ending September 30, 2021, up from Rs. 470.58 crore for the previous corresponding period.

Pointing out that the company continued to maintain a robust EBIDTA at Rs. 102.89 crore for the half year, it said the Q2 ended with a 17.38 percent YoY revenue growth, closing at Rs. 276.83 crore against Rs. 
235.76 crores in Q2 of the previous fiscal.

The significant increase in revenue coupled with a stable EBIDTA is reflective of the company’s strategy and aggressive growth plans with a clear focus on positive cash flows across business verticals, ensuring growth is funded by cash generated by the business, the company said in a statement.

The company claimed that all business verticals continue to grow. While the broadband business segment has crossed 720,000 subscribers, NXTDIGITAL has launched 40 future-ready NXTHUBs across the country, each with digital capability of providing video, broadband and other emerging solutions, including OTT and WiFi.

For the quarter ended September 30, 2021, the company clocked a consolidated revenue of Rs 276.83 crore vis-à-vis Rs 266.59 for the sequential quarter ended June 30, 2021 and Rs 235.76 crore for the second quarter of the previous financial year, maintaining its trend of healthy revenue growth at 17.38 percent year-on-year.

According to Vynsley Fernandes, MD & CEO of NXTDigital Ltd., “Our performance in the first half of this fiscal reflects the company’s focus on growth, gradually emerging out of the challenges of the pandemic that still have a bearing on the media and entertainment industry. Our strategy for the rest of this fiscal is premised on leveraging the strength of our solutions and our pan-India footprint of touch-points.

“With a network of NXTHUBs offering a host of digital services – ranging from video and broadband, to OTT and WiFi; and layered by our growth in our broadband base and our infrastructure sharing platform, we believe we will not just see growth but also unlock value across our media businesses”.

The company said it would continue on its aggressive growth strategy focusing on three key verticals —expanding its footprint through another 60 NXTHUBs; continuing to grow its broadband base through a mix of combo products and operationalising the infrastructure sharing model, which has now secured all necessary permissions to become India’s first digital content distribution PaaS platform.


Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Our Events

  • img
    SatCab Symposium

    सैटकैब सिंपोजियम,आविष्कार मीडिया ग्रुप द्वारा आयोजित किया जाने वाला एक वार्षिक कार्यक्रम है, जिसमें ब्रॉडकास्टिंग एवं केबल टीवी इंडस्ट्री से जुड़े हुए लोग शामिल होते हैं और वर्तमान की स्थिति पर व इंडस्ट्री में भविष्य की संभावनाओं को लेकर के चर्चा की जाती है।

  • img
    BCS
    Ratna Awards

    बीसीएस रत्ना अवॉर्ड आविष्कार मीडिया ग्रुप द्वारा आयोजित किया जाने वाला एक वार्षिक कार्यक्रम है। इस कार्यक्रम में ब्रॉडकास्टिंग व केबल टीवी इंडस्ट्री से जुड़े हुए लोगों को इंडस्ट्री में उनके योगदान के लिए सम्मानित किया जता है।

  • img
    Chetna Yatra

    चेतना यात्र आविष्कार मीडिया ग्रुप द्वारा आयोजित एक वार्षिक कार्यक्रम है, जिसमें आविष्कार मीडिया ग्रुप के चेयरमैन डॉ- ए-के- रस्तोगी अपनी गाड़ी से पूरे भारत का भ्रमण करते हैं और भारत में मौजूद केबल ऑपरेटरों को जोड़ने का व व्यवसाय से हताश हो चुके ऑपरेटरों में एक जोश भरने का काम करते हैं।

  • img
    Imaan India Sammaan

    इमान इंडिया सम्मान आविष्कार मीडिया ग्रुप द्वारा आयोजित किया जाने वाला एक कार्यक्रम है, जिसकी शुरुआत 2012 में की गई थी।

Youtube Videos