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Hindustan Media Ventures' Q1 net profit at Rs 44.8 cr

Press Trust of India  |  New Delhi 

Hindustan Media Ventures (HMVL) today reported a consolidated net profit of Rs 44.8 crore and total of Rs 261.9 crore for the first quarter to June.

The corresponding figures in the previous fiscal were Rs 48.7 crore and Rs 259.28 crore, HMVL said in a filing.

However, the company said, financial for the June quarter are not comparable with those of the previous year as the former does not include the expenses of an entity that has discontinued operations.

HMVL is into printing and publication of newspapers and periodicals, including Hindi daily Hindustan.

The stock was trading at Rs 282.50 on the BSE, down 1.33 per cent from its previous close.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 17 2017. 12:57 IST