Hindustan Media Ventures Ltd (HMVL) on Thursday reported a 91.82 per cent decline in its profit after tax of Rs 0.52 crore for the first quarter of 2024-25. The company had posted a profit after tax of Rs 6.36 crore in the April-June period a year ago, according to a regulatory filing by HMVL, the publisher of Hindi daily Hindustan. Its revenue from operations was down 3.78 per cent to Rs 162.18 crore in the April-June quarter compared to Rs 168.56 crore in the corresponding period a year ago. Total expenses of HMVL were flat at Rs 188.55 crore in the June quarter. Its revenue from printing & publishing of newspapers & periodicals was at Rs 154.35 crore and Rs 9.03 crore from digital. HMVL's total income was at Rs 189.09 crore, down 5.44 per cent. Shares of Hindustan Media Ventures Ltd were trading at Rs 100.50, down 1.51 per cent from the previous close on BSE.
Vat Savitri 2024 Vrat is celebrated every year by married Hindu women. On this day, women observe fast and pray to a banyan tree for the good health of their husbands
Hindustan Media Ventures Ltd on Tuesday reported an 11 per cent decline in consolidated profit after tax at Rs 10.74 crore for the fourth quarter ended March 31, 2024. The company had posted a profit after tax (PAT) of Rs 12.08 crore in the same quarter previous fiscal, Hindustan Media Ventures Ltd (HMVL) said in a regulatory filing. Revenue from operations during the quarter under review stood at Rs 188.05 crore as against Rs 188.13 crore in the year-ago period, it added. Printing and publishing of newspapers and periodicals segment clocked a revenue of Rs 181.47 crore in Q4 as against Rs 186.63 crore in the corresponding period a year ago. Digital registered Rs 5.84 crore revenue in Q4 as against Rs 1 crore a year ago, the filing said. Total expenses in the quarter were higher at Rs 219.51 crore as compared to Rs 207.64 crore earlier, the company said. In the fiscal ended March 31, 2024, profit after tax was at Rs 9.95 crore. It had posted a consolidated loss after tax of Rs 38
The company had posted a net profit of Rs 35.19 crore for October-December period a year ago
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Hindustan Media Ventures Ltd (HMVL) on Monday reported a 77.8 per cent decline in its consolidated net profit to Rs 4.41 crore
Shares of the company closed 1.53% down at Rs 271.10 apiece on BSE