HT Media Q3 profit up 7.56 pc at Rs 68.81 crore

HT Media today reported 7.56 per cent increase in consolidated net profit at Rs 68.81 crore for the third quarter of 2015-16 financial year.
The company had posted a consolidated net profit of Rs 63.97 crore for the October-December quarter of previous financial year.
Its net sales during the quarter under review stood at Rs 674.89 crore, up 12.20 per cent, as against Rs 601.46 crore in the same period a year ago, HT Media said in a BSE filing.
HT Media Chairperson and Editorial Director Shobhana Bhartia said: "Growth in revenue and our continuing focus on costs have resulted in higher profitability.

"Our Hindi business continues to grow profitably, HT Mumbai and HT Delhi businesses saw year-on-year revenue growth.. We successfully re-launched the Chennai radio station and our digital businesses have reduced losses even as they have grown revenues."
During the quarter, HT Media's advertising revenue grew by 9.2 per cent to Rs 542.5 crore while its circulation revenue grew by 4.8 per cent to Rs 76.9 crore.

HT Media publishes three dailies - Hindustan Times, Hindustan and Mint. It also has four FM radio stations - Fever 104 in Delhi, Mumbai, Bengaluru and Kolkata, and operates a job portal www.Shine.Com. It also publishes two Hindi magazines Nandan and Kadambini.

In a separate filing, HT Media said its Board of Directors has accorded approval to dispose of its entire stake in Ivy Talent India Private Ltd, a wholly-owned subsidiary of the company.
It's the age of millennials - a new generation of
employees who will account for 75% of the workforce by 2025 and research shows that they are not motivated only by money. They are attracted to employers who can offer more than merely good salaries; a culture beyond just increments.
The 40th Hindustan Times Shine HR Conclave - Gurgaon Edition poses the following questions to HR leaders:
- What offerings are required to be made to keep this dynamic race of millennials -motivated and engaged - apart from increments?

- Are we sure that the good old tools of employee benefits have been leveraged properly and successfully implemented?
- Is it the time to re-define these benefits to make it more meaningful for the millenials than what has been traditionally offered?
In a survey report by PwC, the millennials' desire to learn and progress is apparent in their view of the benefits offered by employers. They have valued - training and development, healthcare and wellness programs, maternity/paternity benefits, loans/borrowing options, child care, greater vacation allowances, rewarding pension and retirement funding programs, flexible working opportunities - over mere financial benefits.

Shine.Com, aims to create a platform for the HR fraternity
that enables everyone, right from strategic decision makers to young HR millennial, to connect with each other and promote thought leadership. Through the 40th Shine HR Conclave being organized at Gurgaon,Shine.Com wants the HR fraternity to rethink over their rewards framework. There is a great opportunity for Gurgaon to evaluate the employee investments thereby creating an employee-friendly culture, ultimately leading to boost jobs in Delhi NCR [https://bsmedia.business-standard.comdelhijobs.Shine.Com ].
About Shine.Com
Shine.Com is India's 2nd largest job search [http://www.Shine.Com/job-search ] portal with over 1.9 crore candidate database and over 3,00,000 job openings on website. Shine.Com mobile app leverages the strength of a candidate's social and personal networks to help him or her find the perfect job. Apart from this feature that increases the chances of recruiters finding the perfect candidate on Shine.Com, the jobs site also offers services in employer branding and social hiring.

Media contact:
Ivan Khatri
Ivan.Khatri@hindustantimes.Com
0124-4326900
HT Media Ltd
Source: HT Media Limited.