HT Media Q1 revenue rises 5% to Rs 615 crore

  • HT Correspondent, Hindustan Times, New Delhi
  • Updated: Jul 16, 2015 00:34 IST

HT Media Ltd (HTML), which publishes English daily Hindustan Times, on Wednesday reported a 5% year-on-year increase in revenue to Rs 615.3 crore during the April-June quarter from Rs 585.9 crore a year ago, on the back of an increase in circulation and advertising revenues.

Net profit, however, fell 15.2% to Rs 35.7 crore during the quarter.

Advertising revenue rose by 5% for the quarter ended June 30, while circulation revenue grew 6.3% during the period.

“Our English dailies saw volume-led growth across markets. Hindustan maintained its upward growth trajectory, driven by our investments in both UP and Bihar. Our digital assets are increasingly gaining a foothold in their markets,” said Shobhana Bhartia, chairperson, HT Media, in a statement. “The radio business continues to be profitable and we aim to add to our portfolio of stations in Phase- III auctions. As the year progresses, we believe that we will continue on the growth path and deliver positive results even as the economic environment improves,” she added.

also read

Passwords compromised in majority of debit card fraud transactions
Show comments