Highlights: India’s premier integrated digital platforms company NXTDIGITAL Limited, the media vertical of the Hinduja Group, with a presence in digital cable, satellite (HITS), broadband and content syndication announces its results for the quarter and half year ending 30th September 2021. Consolidated revenues for the half year ending 30th September 2021 grows by 15.48% to Rs 543.42 crores, up from Rs 470.58 crores for the corresponding period of the previous year. Company continues to maintain a robust EBIDTA at Rs. 102.89 crores for the half year. Ends Q2 with a 17.38% YoY revenue growth, closing at Rs 276.83 crores against Rs 235.76 crores in Q2 of the previous fiscal. Maintains a robust EBIDTA at Rs 51.63 crores. The significant increase in revenue coupled with a stable EBIDTA is reflective of the Company’s strategy and aggressive growth plans; with a clear focus on positive cashflows across business verticals, ensuring growth is funded by cash generated by the business. All business verticals continue to grow. Whilst the broadband business segment has crossed 720,000 subscribers, NXTDIGITAL has launched 40 future-ready NXTHUBs across the country – each with digital capability of providing video, broadband and other emerging solutions including OTT and WiFi. Rights Issue announced on 13th May 2021 by the Company - of 2 equity shares for every 5 shares held, at an issue price of Rs 300 per share is scheduled for opening on 15th November 2021. Company continues with its positive steps of disposing non-core assets to reduce debt; sells land parcel in Hyderabad for total consideration of Rs 69.30 crores, originally acquired at an approximate cost of Rs 25 crores. Post Rights Issue, debt-to-equity position expected to improve significantly to 1.5 times on issue closure as compared to approximately 4 times as on 31st Mar.’21. Says Vynsley Fernandes, Managing Director & CEO of NXTDIGITAL limited “Our performance in the first half of this fiscal reflects the Company’s focus on growth, gradually emerging out of the challenges of the pandemic that still have a bearing on the media and entertainment industry. Our strategy for the rest of this fiscal is premised on leveraging the strength of our solutions and our pan-India footprint of touch-points. With a network of NXTHUBs offering a host of digital services – ranging from video and broadband, to OTT and WiFi; and layered by our growth in our broadband base and our infrastructure sharing platform – we believe we will not just see growth but also unlock value across our media businesses”. Result PDF