HT Media swings to Rs.51.36 crore net profit in fourth quarter
India, May 21 -- HT Media Ltd, the publisher of Hindustan Times and Mint newspapers, swung to a Rs.51.36 crore profit in the quarter ended 31 March from a loss of Rs.31 lakh a year earlier.
Revenue from operations in the fourth quarter stood at Rs.513.57 crore compared with Rs.464.41 crore in the same period a year ago, HT Media said in a regulatory filing on Tuesday.
Total expenses in the quarter stood at Rs.527.47 crore against Rs.513.41 crore in the corresponding period a year ago.
The company posted a consolidated net profit of Rs.14.2 crore for the fiscal ended 31 March compared with a consolidated net loss of Rs.91.38 crore in the previous year, according to the filing.
The printing and publishing of newspapers and periodicals segment...
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