HT Media reported a revenue of Rs 6.6 crore in its Q3 outcomes introduced on Tuesday, with income from operations rising to Rs 285.7 crore. On a sequential foundation, income grew 16% as the corporate rebounded from a Rs 9.5 crore loss within the earlier quarter.
The expansion momentum was pushed by a surge in promoting income within the print phase. HT Media recorded a 9% Yr-on-Yr improve in advert income, which rose from Rs 283 crore to Rs 309 crore for Q3FY25. Advert income additionally noticed a 22% Quarter-on-Quarter rise.
The corporate attributed the print phase’s advert income progress—throughout each English and Hindi publications—to key business classes, excluding FMCG, BFSI, retail, and industrial sectors.
On a consolidated foundation, HT Media reported whole income of Rs 530 crore for the quarter, up from Rs 486 crore in the identical interval final yr, reflecting a 9% YoY progress. Sequentially, income grew by 11%.
The corporate’s digital income elevated 32% YoY however declined 7% QoQ, with income for the quarter at Rs 51 crore, pushed by OTTplay and Shine. Regardless of posting a consolidated lack of Rs 3.2 crore, the corporate famous that losses have narrowed within the reported quarter.
Shobhana Bhartia, chairperson and editorial director, HT Media, mentioned, “On a consolidated foundation, we reported progress in income and an enchancment in operational profitability in comparison with final yr in addition to sequentially. Print promoting revenues have on the again of value/combine seen improved income progress.”
She added, “This, coupled with sustained management of operational bills, has led to margin enchancment on y-o-y in addition to a q-o-q foundation. The quarter additionally noticed our Radio enterprise publish robust income progress on account of non-FCT enterprise, though margins proceed to stay below duress. Within the Digital enterprise, the Firm continues to publish income progress and operational enchancment.”
Written with the View : afaqs