HT Media Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 19, 2024 at 03:05 am EST
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HT Media Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 4,429 million compared to INR 4,403.6 million a year ago. Revenue was INR 4,864 million compared to INR 4,881.9 million a year ago. Net loss was INR 131.3 million compared to INR 218.9 million a year ago. Basic loss per share from continuing operations was INR 0.57 compared to INR 0.95 a year ago. Diluted loss per share from continuing operations was INR 0.57 compared to INR 0.95 a year ago.
For the nine months, sales was INR 12,303.1 million compared to INR 12,697 million a year ago. Revenue was INR 13,585.5 million compared to INR 13,680.4 million a year ago. Net loss was INR 818.5 million compared to INR 2,123.3 million a year ago. Basic loss per share from continuing operations was INR 3.54 compared to INR 9.18 a year ago. Diluted loss per share from continuing operations was INR 3.54 compared to INR 9.18 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.
HT MEDIA LIMITED 
