Hindustan Media Ventures Ltd (HMVL) Tuesday reported 25.40 per cent decline in net profit to Rs 29.16 crore for the third quarter ended December 31, 2018.
The company had posted a net profit of Rs 39.09 crore in the October-December quarter of the previous fiscal, HMVL said in a BSE filing.
However, its total income during the reported quarter was up 6.01 per cent to Rs 252.80 crore as against Rs 238.45 crore in the year-ago period.
HMVL's total expenses were up 21.49 per cent to Rs 218.02 crore as against Rs 179.45 crore in the October-December period of 2017.
Shares of HMVL were trading at Rs 123.25 per scrip on BSE, down 1.12 per cent from the previous close.
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