Is NDTV India’s best media stock?

From being written off not so long ago, NDTV has pulled off a remarkable turnaround. It could have a lot to do with the company letting go of its TV identity.

First the numbers.

In the year ended 31 March 2021, New Delhi Television Ltd recorded total income of Rs 407.9 crore and profit of Rs 74.8 crore. In the previous fiscal year, NDTV had recorded a total income of Rs 393 crore and a profit of Rs 27.9 crore. So year-on-year, even though NDTV’s revenues were largely flat, the company squeezed out a fairly impressive 2.7x growth in its bottom line.

This performance is not particularly impressive when you look at other publicly listed media companies, especially in television. For instance, the Reliance Industries-owned Network18 Media recorded a consolidated income …


Ashish K. Mishra

Ashish is the editor-in-chief of The Morning Context. One of the best-known business feature writers in India, he was selected for Germany’s Robert Bosch Stiftung Fellowship in 2012 and received the Mumbai Press Club RedInk certificate of recognition in 2015 for his story “Inside the Network 18 takeover”. Before joining The Morning Context, Ashish co-founded The Ken, where he was managing editor. His previous writing stints include Mint, Forbes India and The Economic Times.




Harveen Ahluwalia

Harveen is a co-founder at The Morning Context, and leads our Internet coverage, overseeing a team of reporters writing on startups and tech. She has previously worked as a media, consumer and tech reporter at The Ken and Mint. At The Morning Context, she writes on startups, venture capital, consumer and media businesses—from e-commerce to healthtech to streaming.

Editor, Internet