Adani-owned NDTV profit plunges about 98% on weak advertising demand

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Adani-owned NDTV profit plunges about 98% on weak advertising demand
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Indian broadcaster New Delhi Television Ltd (NDTV) , part of the embattled Adani Group, posted a 97.6% plunge in quarterly profit on Monday due to weak advertising demand.

A microphone of New Delhi Television is placed on a tripod along a roadside in New Delhi, India, August 26, 2022. REUTERS/Adnan Abidi, part of the embattled Adani Group, posted a 97.6% plunge in quarterly profit on Monday due to weak advertising demand.

NDTV reported a consolidated net profit of 5.9 million rupees for the quarter ended March 31, compared with 241.6 million rupees a year earlier.

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