Group’s Headend-in-the-Sky (HITS) platform reported a consolidated net profit of Rs 13.92 crore for the fourth quarter ended on March 31, 2021. The company had posted a net loss of Rs 234.19 crore in January-March period a year ago.
Shares of Nxtdigital soared 11 per cent to Rs 575, only to retreat to Rs 555. It was closed at Rs 517.30 on Wednesday. BSE Sensex was trading 64.08 points or 0.13 per cent down at 48,626.72.
On a Consolidated basis, the revenue for the quarter ending March 31, 2021 at Rs 277.96 crore grew by 6.95 per cent over the previous quarter of Rs 259.90 crore and by 22.38 per cent over the corresponding quarter of the previous year. The EBITDA for the quarter stood at Rs 67.54 crore.
Shares of Nxtdigital have surged 25 per cent in the last five trading sessions after the company inked the first-ever infrastructure sharing agreement with
in the multi-system operator (MSO) space in the country.
In the first of its kind deal, two conventional competitors share infrastructure, heralding a new era of collaboration in the digital platforms space. This move is in line with Siti’s strategy of enhancing its operational efficiencies and providing high up-time and quality services to its customers across the country.
