NDTV Q1 results: Loss widens to Rs 46.75 cr on higher production costs

Indian broadcaster NDTV reported a wider first-quarter loss on Monday, as a rise in expenses overshadowed revenue from political advertisements during the country’s general elections.

The Adani Group-owned news broadcaster reported a loss of Rs 46.75 crore ($5.6 million) in the April-June period, compared to a loss of Rs 8.13 crore a year before.

Quarterly expenses were surged around 77%, with production costs, among broadcasters’ biggest expenses, up 80% and marketing spends related to a newly-launched regional channel tripling.