Hindustan Media Ventures rose 2.84% to Rs 278.50 at 12:14 IST on BSE after net profit rose 28.2% to Rs 46.90 crore on 12.8% growth in revenue to Rs 251.60 crore in Q3 December 2015 over Q3 December 2014.
The result was announced after market hours on Monday, 25 January 2016.Meanwhile, the S&P BSE Sensex was up 93.52 points or 0.38% at 24,579.47.
On BSE, so far 2,377 shares were traded in the counter as against average daily volume of 5,244 shares in the past two weeks. The stock hit a high of Rs 285 and a low of Rs 277 so far during the day. The stock had hit a record high of Rs 302 on 13 January 2016. The stock had hit a 52-week low of Rs 200.30 on 24 August 2015. The stock had underperformed the market over the past one month till 25 January 2016, sliding 7.2% compared with Sensex's 5.24% fall. The scrip had, however, outperformed the market in past one quarter, declining 3.73% as against Sensex's 10.87% fall.
The small-cap company has equity capital of Rs 73.39 crore. Face value per share is Rs 10.
Hindustan Media Ventures' earnings before interest, taxation, depreciation and amortization (EBITDA) rose 26.8% to Rs 71.20 crore in Q3 December 2015 over Q3 December 2014. EBITDA margin improved to 28.3% in Q3 December 2015 from 25.2% in Q3 December 2014.
Hindustan Media Ventures is one of the leading print media companies engaged in the printing and publishing of Hindustan, the second largest newspaper daily of India based on total readership. It also publishes two Hindi magazines Nandan and Kadambini.
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