H T Media Ltd News

HT Media Q2 results: Loss narrows down to Rs 6.33 cr, revenue up 7.55%

HT Media Ltd on Tuesday reported a narrowing down of its consolidated net loss to Rs 6.33 crore for the September quarter. The company had posted a net loss of Rs 56.95 crore in the year-ago period, according to a regulatory filing from HT Media. Its revenue from operations was up 7.55 per cent to Rs 423.75 crore in the September quarter from Rs 393.99 crore in the corresponding period last year. HT Media's total expenses in the September quarter were up 2.44 per cent to Rs 488.67 crore. Its total income, which includes other income, in the September quarter, was at Rs 479.28 crore, up 12.24 per cent. Commenting on the result HT Media Chairperson Shobhana Bhartia said, "The second quarter of the current fiscal saw an improvement in the overall performance of your company. Our revenue grew and operating profitability increased." "This performance can be attributed to our focused efforts on pricing, cost management and efficiency as well as a conducive business environment," she ..