Published on 12/01/2018 12:25:26 PM | Source: Dion Global Solutions Ltd

Hindustan Media Venture Q3 net profit down 10.79% at Rs 39.09 cr

The company reported standalone net profit of Rs 39.09 crore for the quarter ended December 31, 2017 as compared to Rs 43.82 crore in the same period last year, registering a year-on-year decline of 10.79 per cent. Net revenue of the company rose marginally by 1.25 per cent at Rs 230.16 crore in October-December quarter of this fiscal as against Rs 227.31 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 9.24 per cent to Rs 171.86 crore from Rs 189.36 crore in year ago period.

Other Income dipped by 61.50 per cent at Rs 8.29 crore versus (Dec'16 Rs 21.53 crore). Operating Profit surged by 42.47 per cent to Rs 58.30 crore as against Rs 40.92 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 40.72 per cent in December quarter. Interest declined by 26.99 per cent y-o-y to Rs 2.84 crore, while Taxation increased by 104.21 per cent at Rs 19.91 crore (Dec'16 Rs 9.75 crore).