HMVL revenue up 6% in Q2

Hindustan Media Ventures Limited, 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.

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.

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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."