Hindustan Media Ventures Q3 profit falls 7.45% to Rs 44 cr

Hindustan Media Ventures (HMVL) today reported a 7.45 per cent fall in its consolidated net profit at Rs 43.82 crore for the third quarter ended December 31, 2016.
The company had posted a net profit of Rs 47.35 crore in the corresponding three months a year ago.
HMVL's total income from operations for the quarter ended December 31, 2016, also decreased by 4.18 per cent to Rs 230.28 crore, as against Rs 240.35 crore in the same period of the previous year, it said in a filing to the BSE.
The company publishes Hindi daily 'Hindustan' and magazines like Nandan and Kadambini.

HMVL shares were trading at Rs 265 apiece on the BSE, down 1.34 per cent from the previous close.