Mumbai: NXTDIGITAL Ltd., the media vertical of the global Hinduja Group announced its results for FY22. The media and communications company recorded revenue of Rs 1,152.19 crore for the year ending March 31, 2022, as against a revenue of Rs 1,008.45 crores for the previous year, registering a growth of 14.3%.
The company clocked Earnings before Interest, Depreciation, and Taxes (EBIDTA) of Rs 256.22 crores as against Rs 232.08 crores for the previous year registering a growth of 10.4%. The Revenue and EBIDTA for the year include Rs. 69.30 crores and Rs 43.88 crores respectively arising out of the “Real Estate” segment of the Company. The consolidated Profit after Tax (PAT) is Rs. 1.91 crores as against a loss of Rs. 13.90 crores in the previous year.
During the quarter ended March 31, 2022, the company posted a consolidated revenue of Rs. 344.55 crores as against Rs. 277.97 crores in the corresponding quarter of the previous year. The company clocked an EBIDTA of Rs. 100.41 crores for the quarter as against Rs. 67.54 crores in the corresponding quarter of the previous year. The Revenue and EBIDTA for the quarter include Rs. 69.30 crores and Rs 43.88 crores respectively arising out of the “Real Estate” segment of the Company.
The Media & Entertainment segment recorded an EBIDTA of Rs. 56.53 crores for the quarter against Rs. 52.92 crores in the immediately preceding quarter. The consolidated PAT for the quarter stood at Rs. 84.46 crores as against Rs. 13.92 crores in the corresponding quarter of the previous year. The PAT for the quarter is inclusive of the profit from the “Real Estate” segment of the company.
Acknowledging the unstinted support of the shareholders, the Board of Directors of the Company have recommended a 40% dividend i.e. a dividend of Rs 4 per equity share of face value of Rs 10 each, subject to shareholder’s approval.
Vynsley Fernandes, Manging Director and CEO at NXTDIGITAL, said, “We have remained singularly focused on the changing consumer preferences, in no small measure impacted by the lockdown periods; and have accelerated our digital transformation in line with the same. Our performance across all segments of our business reflect that mission. Offering a “combo” of digital television, broadband and OTT is now our norm, rather than the exception; whilst we will continue to expand our footprint through the launch of more NXTHUBs.”