Hindustan Media Ventures (HMVL) today posted 7.20% decline in net profit at Rs 10.82 crore for the quarter ended December 31, 2011.
During the corresponding quarter ended December 31, 2010, the company's net profit was Rs 11.66 crore, it said in a filing to the BSE.
HMVL's net sales for the quarter ended December 31, 2011 increased 8.84% Rs 141.09 crore, as against Rs 129.62 crore in the same period of the previous year.
"During the quarter under review, Hindustan [Hindi Daily] was launched in Aligarh UP from the company's new printing facility," it said.
The company is engaged in the business of publishing and printing and rolls out Hindustan newspaper, Nandan and Kadambini magazines.
HMVL shares were trading at Rs 125.95 per share in the afternoon trade on the BSE, up 4.96% from its previous close.