HMVL net profit rises to Rs.45.4 cr in Mar quarter
New Delhi, May 20 -- Hindustan Media Ventures Ltd (HMVL), the publisher ofHindustan and the operator of digital platform OTTPlay, reported a profit after tax of Rs.45.40 crore in the quarter ended March, up from Rs.10.74 crore a year earlier. Revenue from operations rose to Rs.201.25 crore from Rs.188.05 crore last year, HMVL said in a regulatory filing on Monday, while total expense was lower at Rs.208.58 crore versus Rs.219.51 crore in the year-ago period.
Revenue from printing and publishing of newspapers and periodicals was marginally lower at Rs.180.59 crore compared with Rs.181.47 crore a year earlier, the filing said. Digital segment revenue rose threefold on-year to Rs.19.64 crore from Rs.5.84 crore in the fourth quarter of the prev...
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