Hindustan Media Ventures Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2020
January 18, 2021 at 09:20 am
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Hindustan Media Ventures Limited announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2020. For the quarter, on standalone basis, the company reported revenue from operations of INR 1,625.9 million compared to INR 2,084.8 million a year ago. Net profit after tax for the period was INR 356.8 million compared to INR 326.8 million a year ago. Basic and diluted earnings per share was INR 4.84 compared to INR 4.44 a year ago.
For the nine months, on standalone basis, the company reported revenue from operations of INR 3,836.8 million compared to INR 6,191.7 million a year ago. Net profit after tax for the period was INR 521.1 million compared to INR 913.5 million a year ago. Basic and diluted earnings per share was INR 7.07 compared to INR 12.40 a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations of INR 1,625.9 million compared to INR 2,084.8 million a year ago. Net profit after tax for the period was INR 351.9 million compared to INR 326.8 million a year ago. Basic and diluted earnings per share was INR 4.65 compared to INR 4.36 a year ago.
For the nine months, on consolidated basis, the company reported revenue from operations of INR 3,836.8 million compared to INR 6,191.7 million a year ago. Net profit after tax for the period was INR 509.9 million compared to INR 913.5 million a year ago. Basic and diluted earnings per share was INR 6.56 compared to INR 12.27 a year ago.
Hindustan Media Ventures Limited is an India-based company, which is engaged in the business of publishing Hindustan, a Hindi daily, and Hindi Magazines and undertakes commercial printing jobs. The Company operates in two segments: Printing & Publishing of Newspaper & Periodicals and Digital. Hindustan covers news across the entire news spectrum ranging from politics, business, entertainment, sports, and other themes of interest on a global, national, and local level. Hindustan is published in five regions: Bihar, Jharkhand, Uttar Pradesh, Uttarakhand and Delhi-NCR. The Company's other brands include LiveHindustan.com, Nandan, Kadambini and HT Labs. LiveHindustan.com is Hindustan newspaper's Hindi news Website, which offers comprehensive online content. Nandan is a monthly children magazine, which provides a mix of traditional and modern stories, poems, interactive columns, interesting facts and other educative columns. Kadambini is a monthly socio-cultural magazine.
Hindustan Media Ventures Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2020