HT Media Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 18, 2023 at 10:06 am EDT
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HT Media Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 4,414 million compared to INR 4,209 million a year ago. Revenue was INR 4,944.1 million compared to INR 4,556.8 million a year ago. Net loss was INR 149.6 million compared to net income of INR 167.2 million a year ago. Basic loss per share from continuing operations was INR 0.65 compared to basic earnings per share from continuing operations of INR 0.72 a year ago. Diluted loss per share from continuing operations was INR 0.65 compared to diluted earnings per share from continuing operations of INR 0.72 a year ago.
For the full year, sales was INR 17,111 million compared to INR 15,003.8 million a year ago. Revenue was INR 18,624.5 million compared to INR 16,778.5 million a year ago. Net loss was INR 2,272.9 million compared to net income of INR 177.9 million a year ago. Basic loss per share from continuing operations was INR 9.83 compared to basic earnings per share from continuing operations of INR 0.77 a year ago. Diluted loss per share from continuing operations was INR 9.83 compared to diluted earnings per share from continuing operations of INR 0.76 a year ago.
HT Media Limited is an India-based company that is engaged in printing and publishing of newspaper and frequency modulation (FM) radio broadcasting and digital and education. It is involved in providing entertainment, radio broadcast and all other related activities through its radio stations operating under the brand name Fever 104, Fever, and Radio Nasha. The digital business of the Company comprises of various online platforms such as shine. Com. The Company operates through three segments: Printing and publication of newspapers and periodicals; Business of entertainment, radio broadcast and all other related activities through its Radio channels operating under brand name Fever 104, Radio Nasha and Radio One 94.3 in India, and business of providing digital services through Shine.com (job portal). The Company is also involved in the sale of various other digital offerings in the form of online advertising, subscription revenue, and syndication revenue.