Raghav Bahl's Quint records Rs 4.8 crore standalone profit in FY22

Raghav Bahl’s Quint Digital Media Limited has turned profitable for the full year ending March 31, 2022. The company recorded a standalone profit of Rs 4.8 crore as compared with the losses of Rs 1.8 crore in FY21.

The company’s standalone revenues on a full-year basis were at Rs 35 crore, up 68% YoY from Rs 21 crore in the previous year.

On a consolidated basis, which includes subsidiaries Quintillion Media and Quintillion Business Media, the company posted a loss of Rs 25 crore. The company had posted a loss of Rs 60 crore a year ago.

The consolidated revenue of the company stood at Rs 56 crore in FY22, up 55% from Rs 35 crore in the previous year.

The company in a statutory filing on Monday said that it has entered into a Franchisee Agreement for a period of 5 years and launched its overseas platform named as ‘Quint World’ w.e.f. April 1, 2022.

The company said that its subsidiary Quintype Technologies India Limited intends to enter into a master franchisee arrangement for Middle East Territory.

QDML and its wholly-owned subsidiary Quintillion Media Limited have entered into definitive agreements with AMG Media Networks Limited for the sale of 49% stake in Quintillion Business Media Limited (entity housing the business and financial news platform viz. www.bqprime.com). The closing of the transaction is subject to customary closing conditions and approvals. 

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