HT Media Q4 net up 77.63 per cent

HT Media Ltd posted a 77.63 per cent increase in net profit after tax (excluding exceptional items) at Rs 16.36 crore.

HT Media Ltd on Tuesday posted a 77.63 per cent increase in net profit after tax (excluding exceptional items) at Rs 16.36 crore for the quarter ended March 31, as against Rs 9.21 crore for same period last year.

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The company's total income grew 43.89 per cent at Rs 228.40 crore for the fourth quarter ended March 31 as compared to Rs 158.73 crore in the year-ago period, a company release said.

The board has recommended a dividend of Rs 1.20 on equity shares of Rs 10 each (12 per cent) for the year ended March 31, 2006.

The board also recommended a dividend of Re 1 per share on Non-cumulative Redeemable Preference Shares of Rs 100 each, it said.

HT Media's shares closed at Rs 528.60, down 0.23 per cent at the BSE today.

The basic earning per share for the quarter ended March 31, 2006 stood at Rs 3.49 as against Rs 2.29 for the same period in 2004-05.

For the year ended March 31, 2006, the net profit before exceptional items but after tax increased to Rs 52.45 crore against Rs 33.85 crore for 2004-05.

The total income stood at Rs 838.74 crore for 2005-06 as gainst Rs 636.95 crore in 2004-05.

The consolidated net profit after tax stood at Rs 34.38 crore for the year ended March 31, 2006 as compared to Rs 27.53 crore for the year ended March 31, 2006.

The consolidated total income for 2005-06 was Rs 838.29 crore from Rs 637.49 crore in 2004-05.