<p>Bengaluru: <em>New Delhi Television Ltd (NDTV)</em>, part of the Adani Group, reported a nearly 51 per cent drop in second quarter profit on Monday, as businesses cut back on advertising spending in the face of rising interest rates.</p>.<p>Consolidated net profit was Rs 59.1 million in the three months to Sept. 30, compared with Rs 120.1 million a year earlier, it said in an exchange filing.</p>.<p>Indian broadcasters are grappling with slowing advertising spending as businesses clamp down on discretionary investments to rein in costs amid high inflation and aggressive interest rate hikes.</p>.<p>Still, the company rebounded from a loss in April-June.</p>.Sorry Mr Adani, not taking your deal to shut up for six months: Mahua Moitra on facing bribery allegations.<p>Revenue from operations fell nearly 10 per cent to Rs 955.5 million in the September quarter.</p>.<p>The broadcaster is the first among its peers to report quarterly results. Rival <em>TV18 Broadcast</em> and its unit <em>Network18</em> will report their earnings later this week.</p>.<p>Another competitor <em>Zee Entertainment Enterprises</em> will report next month.</p>.<p>Shares of <em>NDTV</em> fell as much as 7.2 per cent after the results. The shares had fallen over 8 per cent during the quarter, as opposed to a more-than-30 per cent jump in the Nifty Media index.</p>.<p><em>NDTV</em> and other listed Adani-owned companies have seen their shares battered since a US short-seller, earlier this year, accused the group of improperly using offshore tax havens and stock manipulation. </p><p>Adani Group had rejected the allegations.</p>
<p>Bengaluru: <em>New Delhi Television Ltd (NDTV)</em>, part of the Adani Group, reported a nearly 51 per cent drop in second quarter profit on Monday, as businesses cut back on advertising spending in the face of rising interest rates.</p>.<p>Consolidated net profit was Rs 59.1 million in the three months to Sept. 30, compared with Rs 120.1 million a year earlier, it said in an exchange filing.</p>.<p>Indian broadcasters are grappling with slowing advertising spending as businesses clamp down on discretionary investments to rein in costs amid high inflation and aggressive interest rate hikes.</p>.<p>Still, the company rebounded from a loss in April-June.</p>.Sorry Mr Adani, not taking your deal to shut up for six months: Mahua Moitra on facing bribery allegations.<p>Revenue from operations fell nearly 10 per cent to Rs 955.5 million in the September quarter.</p>.<p>The broadcaster is the first among its peers to report quarterly results. Rival <em>TV18 Broadcast</em> and its unit <em>Network18</em> will report their earnings later this week.</p>.<p>Another competitor <em>Zee Entertainment Enterprises</em> will report next month.</p>.<p>Shares of <em>NDTV</em> fell as much as 7.2 per cent after the results. The shares had fallen over 8 per cent during the quarter, as opposed to a more-than-30 per cent jump in the Nifty Media index.</p>.<p><em>NDTV</em> and other listed Adani-owned companies have seen their shares battered since a US short-seller, earlier this year, accused the group of improperly using offshore tax havens and stock manipulation. </p><p>Adani Group had rejected the allegations.</p>