• Media
    • Exclusive
    • Buzz
    • Movers & Shakers
    • Events
    • International
  • FOCUS 2021
  • Television
  • Advertising
    • PR
    • Mobile/Digital
      • Marketing
  • Radio
  • OTT
  • Print
  • Cable & DTH
  • Brand Stories
  • Leaderspeak
  • STRAIGHT TALK
  • My Column
Saturday, February 27, 2021
MediaNews4U
  • Media
    • Exclusive
    • Buzz
    • Movers & Shakers
    • Events
    • International
  • FOCUS 2021
  • Television
  • Advertising
    • PR
    • Mobile/Digital
      • Marketing
        • Market Analysis
  • Radio
  • OTT
  • Print
  • Cable & DTH
  • Brand Stories
  • Leaderspeak
  • STRAIGHT TALK
  • My Column
No Result
View All Result
MediaNews4U
  • Media
    • Exclusive
    • Buzz
    • Movers & Shakers
    • Events
    • International
  • FOCUS 2021
  • Television
  • Advertising
    • PR
    • Mobile/Digital
      • Marketing
        • Market Analysis
  • Radio
  • OTT
  • Print
  • Cable & DTH
  • Brand Stories
  • Leaderspeak
  • STRAIGHT TALK
  • My Column
No Result
View All Result
MediaNews4U.com
No Result
View All Result
Home Featured

NXTDIGITAL continues its growth performance; achieves double digit growth in Revenues and EBIDTA in the quarter ending December 31, 2020

by Editorial
January 28, 2021
in Featured, Marketing
2 min read
NXTDIGITAL continues its growth performance; achieves double digit growth in Revenues and EBIDTA in the quarter ending December 31, 2020
Share Share ShareShare

NXTDIGITAL today announced its results for the third quarter and the nine-month period of the current financial year – a period that continued to see the significant impact of the COVID pandemic on the media and entertainment industry.

On a consolidated basis, the revenue for the quarter ending December 31, 2020, stood at Rs 259.90 crores, recording a growth of 10.24% over the revenue of the previous quarter of Rs 235.76 crores. The Earnings before Interest Depreciation and Taxes (EBIDTA) for the quarter stood at Rs 62.48 crores against Rs 51.69 crores in the previous quarter recording a growth of 20.85%, growing at a rate higher than the rate of growth in revenue.

THE operating EBIDTA margin for the quarter stood at 24.04% as compared to 21.93% in the previous quarter and 17.00% in the corresponding quarter of the previous year (excluding one-time revenues). Overall, the quarterly performance ended on a strong note with a positive Profit after Tax (PAT).

For the nine-month period on a consolidated basis, the Company recorded a very healthy Operating EBIDTA of Rs 149.76 crores as compared to Rs 140.37 crores (excluding one-time revenues) thereby clocking a growth of 6.69%.  Operating EBIDTA margin for the nine-month period stood at20.90% as compared to 18.50% for the corresponding nine months of the previous year (excluding the one-time revenue).

Performance Drivers

NXTDIGITAL continued its integrated approach in Q3; on the back of several initiatives launched over the preceding quarters and fine-tuned against the changing business environment and challenges. These initiatives included…

Focusing on innovative packaging to drive ARPU growth. The growth in ARPUs in DAS III markets – one of NXTDIGITAL’s key markets validates the initiatives, seeing ARPUs grow by around 10% against Q3 of last fiscal.

Enhanced focus on cross-selling and leveraging the subscriber base to grow broadband penetration. This is reflected in the broadband customer base growing past half a million subscribers in Q3 – a growth of 26.2% over Q2 and a robust growth of 71.1% over Q3 of the previous fiscal.

Maintaining Key Performance Indices during Q3, in spite of the challenging environment. “90-day net churn” and “On-Time Renewal” stayed stable in Q3 at 1.9% and 76.3% respectively. However, both indices performed better than last fiscal, which was at 2.1% and 72.0% respectively.

Vynsley Fernandes
Vynsley Fernandes

Commenting on the Q3 performance, Vynsley Fernandes, Media Group Chief Executive Officer, NXTDIGITAL Ltd. said “The organization laid greater emphasis on implementation of the converged media strategy in the quarter gone by. We looked to leverage our video subscriber base to grow our broadband business whilst driving cross-selling and strategic alliance partnerships in key cities. Our deeper engagement with our franchisees and a focus on providing innovative packaging has continued to keep us on the growth course, especially in key semi-urban markets where we have a significant presence.”   

Vision for Growth

NXTDIGITAL today connects 5.52 million video subscriber homes in 1500+ cities and towns across India through its digital cable television (CATV) and Headend-In-The-Sky (HITS) platforms, served by over 9,000 LCOs. It will continue to focus on consolidating and growing its serviced subscriber base – across video and broadband, whether directly or through its infrastructure sharing business model, which continues to see significant traction. The company is focused on leveraging its investments in technology to support other multi-system operators who are not just looking to pare rising connectivity costs but also improve the quality of service to their subscribers.

In parallel, NXTDIGITAL will continue to enable its own potential growth markets with High-Speed-Internet & digital platform services, through its network of franchisees; offering subscribers a range of digital services through a single wire.

Tags: NXTDIGITALVynsley Fernandes NXTDIGITAL

Related Posts

WION in association with Odisha Tourism Presents ‘Discovering Odisha- India's Best Kept Secret’
Featured

WION in association with Odisha Tourism Presents ‘Discovering Odisha- India’s Best Kept Secret’

by Editorial
February 27, 2021
0

Mumbai: The richness in culture, heritage, and diversity that India has to offer is unmatched in the world and the...

Read more
Levi’s launches new brand campaign featuring Deepika Padukone
Brand Stories

Levi’s launches new brand campaign featuring Deepika Padukone

by Editorial
February 27, 2021
0

Mumbai: Levi’s® launches its new brand campaign centered around the message – ‘When you take a step, we all move’....

Read more
E-commerce, Regional & Mar-tech will fuel growth for us: Harikrishnan Pillai, TheSmallBigIdea

E-commerce, Regional & Mar-tech will fuel growth for us: Harikrishnan Pillai, TheSmallBigIdea

February 26, 2021
Subhashish Gupta, Managing Director - Sales, Brightcove

Brightcove is highly committed to providing a strong global partner network and channel ecosystem to support the demanding video needs for our customers

February 25, 2021
Ajit Varghese, Chief Commercial Officer, ShareChat

We expect to achieve further growth momentum from the increasing internet population: Ajit Varghese

February 25, 2021
Ruchika Varma, Chief Marketing Officer, Future Generali India Insurance

We are a brand that leads with empathy and genuinely addresses customer needs: Ruchika Varma

February 25, 2021
We at Vinod, are excited to bring back the traditions with a touch of modernity. Sunil Agarwal, Vinod Cookware

We at Vinod, are excited to bring back the traditions with a touch of modernity: Sunil Agarwal, Vinod Cookware

February 25, 2021
TAM AdEx: Ad Volumes of Retail sector on Television plunged by 35% in Y 2020 over Y 2018

TAM AdEx: Life Insurance Ad Volumes in Print witnesses 34% growth

February 25, 2021

Subscribe to Newsletters

Trending

Zenith India appoints Ramsai Panchapakesan as National Buying Head
Advertising

Zenith India appoints Ramsai Panchapakesan as National Buying Head

by Editorial
February 26, 2021
0

Mumbai: Zenith India has appointed Ramsai Panchapakesan in the role of National Buying Head. He will be in charge of the company’s pan-India media operations, working...

Lowe Lintas showcases TVS Scooty Pep+ in a film for the Scooty Pep+ Special edition by TVS Motors

Lowe Lintas creates campaign for Scooty Pep+ Special edition by TVS Motors

February 26, 2021
Asianet to telecast a new serial “Santhwanam“ from 21st September

Asianet to telecast a new serial “Santhwanam“ from 21st September

September 19, 2020
MX Player ropes in Sidd Mantri as Senior VP, Product

MX Player ropes in Sidd Mantri as Senior VP, Product

February 25, 2021
Anil Foods launched in Kerala Market

Anil Foods launched in Kerala Market

February 26, 2021

Contact Us :

UPLIFT MEDIANEWS4U DIGITAL PVT LTD

No. 82, Aram Nagar 2, JP Road

Versova, Andheri West

Mumbai – 400061

Umanath.V
+91-99400-17868
umanath@medianews4u.com

© 2019 medianews4u.com

No Result
View All Result
  • Media
    • Exclusive
    • Buzz
    • Movers & Shakers
    • Events
    • International
  • FOCUS 2021
  • Television
  • Advertising
    • PR
    • Mobile/Digital
      • Marketing
  • Radio
  • OTT
  • Print
  • Cable & DTH
  • Brand Stories
  • Leaderspeak
  • STRAIGHT TALK
  • My Column

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.