Hindustan Media Ventures Limited Announces Audited Standalone and Consolidated Earnings Result for the Fourth Quarter and Year Ended March 31, 2021
June 17, 2021 at 10:16 am EDT
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Hindustan Media Ventures Limited announced audited standalone and consolidated earnings result for the fourth quarter and year ended March 31, 2021. For the quarter, on standalone basis, the company reported revenue from operations was INR 1,677.5 million compared to INR 1,766.1 million a year ago. Total income was INR 1,754.0 million compared to INR 2,080.4 million a year ago. Net profit after tax for the period was INR 225.4 million compared to INR 276.2 million a year ago. Earnings per basic and diluted (of INR 10 each) share (not annualized) were INR 3.06 compared to INR 3.75 a year ago.
For the year, on standalone basis, the company reported revenue from operations was INR 5,454.3 million compared to INR 7,957.8 million a year ago. Total income was INR 6,642.4 million compared to INR 9,045.5 million a year ago. Net profit after tax for the period was INR 746.5 million compared to INR 1,189.7 million a year ago. Earnings per basic and diluted (of INR 10 each) share (not annualized) were INR 10.13 compared to INR 16.15 a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations was INR 1,617.5 million compared to INR 1,766.1 million a year ago. Total income was INR 1,749.4 million compared to INR 2,080.4 million a year ago. Net profit after tax for the period was INR 220.7 million compared to INR 276.2 million a year ago. Earnings per basic and diluted (of INR 10 each) share (not annualized) were INR 2.86 compared to INR 3.52 a year ago.
For the year, on consolidated basis, the company reported revenue from operations was INR 5,454.3 million compared to INR 7,957.4 million a year ago. Total income was INR 6,630.7 million compared to INR 9,045.5 million a year ago. Net profit after tax for the period was INR 730.6 million compared to INR 1,189.7 million a year ago. Earnings per basic and diluted (of INR 10 each) share (not annualized) were INR 9.43 compared to INR 15.79 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.