Hindustan Media Ventures' Q3 loss widens marginally

Hindustan Media Ventures' (HMVL) consolidated loss after tax grew by 27.5% (YoY) to Rs 88 lakh crore for the third quarter ended on December 2023.

The company had posted a net loss after tax of Rs 69 lakh in the October-December period a year ago, according to a regulatory filing by HMVL, the publisher of Hindi daily Hindustan.

However, its revenue from operations marginally grew to Rs 182.95 crore in the December quarter. It was Rs 181.57 crore in the corresponding period a year ago.

In the December quarter, the total expenses of HMVL were at Rs 208.38 crore, down 1.58 %.

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