Mumbai: India’s premier integrated digital platforms company NXTDIGITAL Limited, the media vertical of the Hinduja Group, with a presence in digital cable, satellite (HITS), broadband, content syndication and tele-shopping announced its results for the 9-month period ending 31st December 2021 and Q3 of FY22. The Consolidated revenue for the nine months grows by 12.84% to Rs 807.6 crores, up from Rs 715.7 crores for the corresponding period of the previous year.
Company continues to maintain a robust EBIDTA for the 9-month period at Rs 155.8 crores, up 4.01% against Rs 149.8 in the last fiscal. NXTDIGITAL ends Q3 with a 10.9% year-on-year growth in EBIDTA at Rs 52.92 crores. For the quarter ended 31st December 2022, on a consolidated basis the Company recorded a total revenue of Rs 264.2 crores as against a total revenue of Rs 245.1 crores during the corresponding quarter of the previous year and Rs 276.8 crores in the immediately preceding quarter. For the same period, on a consolidated basis the company recorded an EBIDTA of Rs 52.9 crores as against Rs 47.8 crores for the corresponding quarter of the previous year and Rs 51.6 crores in the immediately preceding quarter.
The Company’s subscription revenues both for digital video and data businesses continue to be completely prepaid thereby generating healthy cash flows.
Completes land sale in January 2022 for a consideration of Rs 69.30 crores, reducing debt further by this amount. Debt-to-equity ratio now stands at a healthy 1.5, down from over 4 at the start of the fiscal.
Board reiterates in-principle approval for transfer of the Media & Entertainment business to Hinduja Global Solutions Limited to fuel the next phase of growth; subject to regulatory and other approvals. Independent valuers appointed to carry out the valuation exercise including the share exchange ratio.
