iconimg Tuesday, September 01, 2015

HT Correspondent, Hindustan Times
New Delhi, October 12, 2012
Hindustan Media Ventures Limited (HMVL), the publisher of Hindustan, one of India's leading Hindi language dailies, has posted a 6% increase in revenues for the quarter-ended September 30 at Rs. 166.7 crore against Rs. 157.5 crore in the year-ago period.

Profit after tax has declined marginally by 2% to Rs. 21.7 crore against Rs. 22.2 crore a year ago.

Earnings before interest, taxes, depreciation and ammortisation (EBITDA) has increased to Rs. 36.1 crore, registering a growth of 1% over the same period last year.

"We are pleased to report an encouraging performance despite an overall tough economic environment," said Shobhana Bhartia, chairperson, HMVL. "With a strong brand, a growing readership, and a healthy balance sheet, we are confident that we will continue to deliver value to our shareholders as the economic environment picks up."