Hindustan Media Ventures Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 02, 2022 at 09:53 am
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Hindustan Media Ventures Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 1,756.2 million compared to INR 1,633.4 million a year ago. Revenue was INR 1,969.8 million compared to INR 2,028.6 million a year ago. Net loss was INR 283.2 million compared to net income of INR 311.7 million a year ago. Basic loss per share from continuing operations was INR 3.84 compared to basic earnings per share from continuing operations of INR 4.23 a year ago.
For the six months, sales was INR 3,437 million compared to INR 2,722.7 million a year ago. Revenue was INR 3,669.3 million compared to INR 3,324.2 million a year ago. Net loss was INR 494.9 million compared to net income of INR 75.7 million a year ago. Basic loss per share from continuing operations was INR 6.72 compared to basic earnings per share from continuing operations of INR 1.03 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.