Hindustan Media Ventures Ltd (HMVL) today reported a 72.48 per cent fall in standalone net profit at Rs 13.2 crore for the quarter ended June 30, 2018.
The company had posted a net profit of Rs 47.98 crore in the same quarter a year ago.
The company's total income for the quarter declined by 10.40 per cent to Rs 234.65 crore from Rs 261.89 crore in the year-ago period, HMVL said in a BSE filing.
Total expenses in the quarter under review stood at Rs 216.39 crore, up 11.77 per cent, as against Rs 193.6 crore reported a year ago.
HMVL is into printing and publication of newspapers and periodicals, including Hindi daily Hindustan.
The company's stock was trading 6.44 per cent lower at Rs 184.50 apiece on the BSE.
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