Hindustan Media Ventures Q3 net profit down 9.89% at Rs 32.15 cr
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The company reported standalone net profit of Rs 32.15 crore for the quarter ended December 31, 2021 as compared to Rs 35.68 crore in the same period last year, registering a year-on-year decline of 9.89 per cent. Net revenue of the company rose substantially by 22.84 per cent at Rs 199.72 crore in October-December quarter of this fiscal as against Rs 162.59 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 19.90 per cent to Rs 173.10 crore from Rs 144.37 crore in year ago period. Other Income dipped by 59.24 per cent at Rs 12.91 crore versus (Dec'20 Rs 31.67 crore). Operating Profit surged by 46.10 per cent to Rs 26.62 crore as against Rs 18.22 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 18.91 per cent in December quarter. Interest grew by 15.38 per cent y-o-y to Rs 2.10 crore, while Taxation decreased by 134.38 per cent at Rs -1.75 crore (Dec'20 Rs 5.09 crore).
