Hindustan Media Vent posts Q1 net loss of Rs 20.24 cr
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The company reported standalone net loss during the quarter stood at Rs 20.24 crore as compared to net loss of Rs 21.64 crore in the previous year quarter. Net revenue of the company rose substantially by 54.30 per cent at Rs 168.08 crore in April-June quarter of this fiscal as against Rs 108.93 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 39.46 per cent to Rs 198.02 crore from Rs 141.99 crore in year ago period.
Other Income dipped by 89.48 per cent at Rs 2.22 crore versus (Jun'21 Rs 21.11 crore). Operating Profit slipped by 9.44 per cent to Rs -29.94 crore as against Rs -33.06 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 41.32 per cent in June quarter. Interest grew by 44.78 per cent y-o-y to Rs 2.91 crore, while Taxation decreased by 6726.92 per cent at Rs -17.23 crore (Jun'21 Rs 0.26 crore).
