HT Media consolidated revenues down 59% in Q1FY21

HT Media Limited has posted consolidated revenue of Rs 239.84 crore in the quarter ending June 30, 2020, down 59% from Rs 588.27 crore in the corresponding quarter of the previous year.

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EBITDA loss for Q1FY21 was at Rs 28.39 crore compared to Rs 89.03 crore of gain in the first quarter of the previous year.

The company posted a net loss of Rs 55.64 crore in the current quarter under review while it had posted a net loss of Rs 148.07 crore in Q1FY20.

On standalone basis, HT Media’s total revenue stood at Rs 96.17 crore in Q1FY21, down 71% from Rs 334.61 crore in the corresponding quarter of the previous year.

The company posted a net loss of Rs Rs 51.95 crore in the first quarter of financial year 2021 against the net loss of Rs 142.48 crore in the corresponding quarter of the previous year.

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