Quint Digital Media recorded consolidated operating revenue of Rs 19.73 crore in Q2 FY23, witnessing a growth of 37% over the previous year. The company’s consolidated operating revenue stood at Rs 14.39 crore in Q2 FY22.
QDML has reported that its standalone total revenues for Q2 FY23 stood at Rs 11.79 crore, a growth of 8% on a quarter-on-quarter basis. Its standalone EBIDTA increased by 50% to Rs 5.54 crore versus Rs 3.62 crore in Q1 FY23. The media company’s PAT increased by 150% over Q1 FY23.
Quintype, the SAAS-based media-tech company, witnessed a 160%+ increase in consolidated revenue to Rs 5.21 crore against Rs 1.97 crore in Q1 of FY22.
QDML’s total revenues for H1 FY23 stood at Rs 22.51 crore versus Rs 16.91 crore in H1 FY22. Its H1 EBIDTA witnessed a growth of 30%+ to Rs 9.15 crore in comparison to H1 FY22 EBIDTA of Rs 6.86 crore. The company’s H1 PAT increased by 20%+ to Rs 2.83 crore.
Quintype’s half-yearly revenue is Rs 9.57 crore, an increase of 160% over H1 FY22.
The losses on a consolidated basis (attributable to QDML; net of non-controlling interest) witnessed a reduction of more than 25% over the previous year.
The transaction for divestment of a 49% stake in BQPRIME is expected to be completed in Q3 FY23, which will lead to a further reduction in the losses attributable to QDML.
The Company expects to complete the rights issue in Q3 FY23; the rights issue proceeds and consideration on the divestment of a 49% stake in BQPRIME will provide the company with significant cash reserves and further boost overall profitability.