NXTDIGITAL earlier this week announced the consolidated financial results for the quarter ending December 31, 2020. The company achieved double-digit growth in revenues and EBIDTA in Q3 FY 21. The revenue stood at Rs 259.9 crores in Q3 FY 21 recording a growth of 10.24 percent 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 percent growing at a rate higher than the rate of growth in revenue.
The operating EBIDTA margin for the quarter stood at 24.04 percent as compared to 21.93 percent in the previous quarter and 17 percent in the corresponding quarter of the previous year. The quarterly performance ended on a strong note with a positive Profit after Tax (PAT).
The company focused on innovating packaging to drive ARPU growth in DAS III markets which is one of NXTDIGITAL’s key markets seeing ARPU grow by around 10 percent against Q3 of last fiscal.
“The organisation 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.”
Vynsley Fernandes, Media Group Chief Executive Officer, NXTDIGITAL Ltd