Hindustan Media Ventures Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2020
October 27, 2020 at 03:09 pm
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Hindustan Media Ventures Limited announced unaudited consolidated and standalone earnings results for the second quarter and half year ended September 30, 2020. For the quarter, on consolidated basis, the company announced revenue from operations of INR 1,312.1 million compared to INR 1,927.4 million a year ago. Net profit was INR 37.8 million compared to INR 194.6 million a year ago. Basic and diluted earnings per share was INR 0.51 compared to INR 2.64 a year ago.
For the half year, on consolidated basis, revenue from operations were INR 2,210.9 million compared to INR 4,106.9 million a year ago. Net profit was INR 140.6 million compared to INR 582.7 million a year ago. Basic earnings per share from continuing operations was INR 1.91 compared to INR 7.91 a year ago.
For the quarter, on standalone basis, the company announced revenue from operations of INR 1,312.1 million compared to INR 1,927.4 million a year ago. Profit after tax was INR 47.1 million compared to INR 198.6 million a year ago.
For the half year, on standalone basis, revenue from operations were INR 2,210.9 million compared to INR 4,106.9 million a year ago. Profit after tax was INR 164.3 million compared to INR 586.7 million 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 Consolidated and Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2020