HT Media Ltd (HTML) on Friday reported a 3% year-on-year rise in net revenue for the April-June quarter to Rs. 585.9 crore, from Rs. 568.5 crore last year, led by an increase in advertising and circulation revenues.
Net income was down by 31% to Rs. 32.7 crore from Rs. 47.5 crore a year ago on account of increase in cost of raw material and increase in employee cost.
HT Media Ltd is the publisher of Hindustan Times.
“Healthy growth in advertising yields and net realisations across all our dailies helped us weather a challenging quarter for print media,” said Shobhana Bhartia, chairperson and editorial director, HT Media Ltd.