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Hinduja Ventures Q2 Net marginally declines to Rs 20 crore

Company's total income from operations increased to Rs 26 crore in the July-September 2013 quarter

Press Trust of India  |  New Delhi 

today reported a marginal decline of 0.8% in its standalone net profit to Rs 19.68 crore for the second quarter ended September 30.

The company had posted a standalone profit of Rs 19.84 crore in the same period of previous fiscal, Hinduja Ventures, the holding company of IndusInd Media and Communication (IMCL) said in a statement.

However, the company's total income from operations increased to Rs 26.17 crore in the July-September 2013 quarter as compared to Rs 24.65 crore during the same period a year ago.

For the first half of 2013-14 fiscal, Hinduja Ventures' standalone profit increased to Rs 38.42 crore as against Rs 36.81 crore in the year-ago period.

total income from operations in H1 period (April-September) increased to Rs 52.79 crore as against Rs 45.77 crore in the same period last year.

Shares of today closed at Rs 282.80 per scrip, up 0.37% from their previous close.

First Published: Thu, November 07 2013. 18:57 IST
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