Hindustan Media Ventures Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 16, 2023 at 08:48 am
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Hindustan Media Ventures Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 1,881.3 million compared to INR 1,972.1 million a year ago. Revenue was INR 2,171.1 million compared to INR 2,023.6 million a year ago. Net income was INR 120.8 million compared to INR 20.7 million a year ago. Basic earnings per share from continuing operations was INR 1.64 compared to INR 0.28 a year ago. Diluted earnings per share from continuing operations was INR 1.64 compared to INR 0.28 a year ago.
For the full year, sales was INR 7,134 million compared to INR 6,692 million a year ago. Revenue was INR 7,915 million compared to INR 7,468.6 million a year ago. Net loss was INR 380.9 million compared to net income of INR 405.9 million a year ago. Basic loss per share from continuing operations was INR 5.17 compared to basic earnings per share from continuing operations of INR 5.51 a year ago. Diluted loss per share from continuing operations was INR 5.17 compared to diluted earnings per share from continuing operations of INR 5.51 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.