Hindustan Media Ventures reports Rs 18 crore PAT in Q3

The company had posted a loss after tax of Rs 0.82 crore in the October-December period a year ago

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Akansha Srivastava
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Hindustan Media Ventures
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New Delhi: Hindustan Media Ventures (HMVL) reported a consolidated profit after tax of Rs 18 crore in the December quarter.

The company had posted a loss after tax of Rs 0.82 crore in the October-December period a year ago, according to a regulatory filing by HMVL, the publisher of Hindi daily Hindustan.

Its revenue from operations rose 8% to Rs 197.47 crore in the third quarter. It stood at Rs 182.95 crore in the corresponding period a year ago.

Total expenses of HMVL were Rs 201.68 crore, down 3.2% in the December quarter.

Its revenue from printing & publishing of newspapers & periodicals was Rs 179.72 crore.

HMVL's revenue from Digital jumped four-fold to Rs 16.72 crore in the December quarter against Rs 4.18 crore in the corresponding quarter.

Total income of HMVL, which includes other income, was Rs 221.39 crore, up 7.2%.

revenue profit Hindustan Media Ventures Hindustan
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