On Monday’s trading session, New Delhi Television Limited (NDTV) shares, the country’s oldest and largest private news and entertainment broadcaster, plunged almost 5% on the Bombay Stock Exchange (BSE). The drop came after the Q4 FY25 financial numbers showed a massive 612% year-over-year (YoY) rise in net loss, with a 12% quarter-to-quarter (QoQ) increase as well.
Stock Performance
Having a market capitalisation of ₹795 crore, shares of NDTV reached an intra-day low at ₹116.60, against the last close of ₹123.05 — a fall of 5.2%.
The stock has shown more than 10% return in the previous month but given negative returns close to 46% till the start of this year 2025.
Q4 FY25 Financial Highlights
As per latest filings published post-market hours yesterday, NDTV posted the below for Q4 FY25
- Revenue from Operations: ₹127 crore
- Down 4.3% QoQ (₹132.7 crore in Q3 FY25)
- Up 19% YoY (₹106.5 crore in Q4 FY24)
- Net Loss: ₹62 crore
- Up 12% from ₹55.5 crore in Q3 FY25
- Up 612.6% from ₹8.7 crore in Q4 FY24
The company credited the YoY revenue growth to robust coverage of key national events like the Mahakumbh, Delhi Elections, and flagship programs like Yuva and NDTV Auto Awards.
About NDTV
Established in 1988, NDTV is an innovator in the field of television broadcasting in India, famous for its news, current affairs, and entertainment programming. It was the first-ever private producer in this sector.
Adani Group’s Acquisition
The Adani Group finally purchased a controlling stake in NDTV on December 30, 2022. This was after an eight-month-long takeover process that started off in August 2022, when Adani acquired Vishvapradhan Commercial Private Limited (VCPL) — a company having convertible warrants in RRPR Holdings, the promoter group entity of NDTV.
Converting these warrants helped Adani acquire an indirect 29.18% stake in NDTV.
This triggered an open offer, and by December 2022, NDTV founders Prannoy Roy and Radhika Roy sold 27.26% of their remaining shares.
The final transaction was executed via a block deal on the National Stock Exchange (NSE), raising Adani’s total shareholding to 64.71%, making it the majority stakeholder.
What’s Next?
Though the company’s revenue has increased with the coverage of high-profile events, the runaway losses have jolted investors. The market analysts opine that NDTV might have to restructure operations or streamline costs to regain profitability under the Adani Group’s control.
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