NXT Digital logs revenue of Rs548.90 crore in H1FY23; stock under pressure

13 Oct 2022 , 11:55 AM

NxtDigital Limited, the media and communications vertical of the global Hinduja Group announced its results for the first half of the current financial year FY23, at its Board meeting on October 12, 2022.

On a consolidated basis, the company earned Rs548.90 crore in revenue for the half-year ended September 30, 2022, compared to Rs543.20 crore in the previous fiscal’s similar half year.

On a consolidated basis, the company reported Rs109.30 crore in Earnings Before Interest, Depreciation, and Taxes (EBIDTA) for the half year ended June 30, 2022, as compared to Rs102.9 crore in the previous fiscal’s similar period.

For the quarter ending September 30, 2022, the company increased its EBIDTA performance to Rs55.26 crore, up from Rs51.64 crore in the previous year’s corresponding quarter and Rs54.09 crore in the current year’s immediately preceding quarter.

During the second quarter, the media and communications company continues to focus on creative growth drivers, resulting in stability across all of its platform businesses, including its digital television and broadband verticals.

At around 11.57 AM, NXT Digital was trading 0.53% lower at Rs421.80, against previous close of Rs424.05 on NSE. The counter hit intraday high and low of Rs428.90 and Rs417 respectively.

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