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Hindustan Media Ventures Ltd.

BSE: 533217 Sector: Media
NSE: HMVL ISIN Code: INE871K01015
BSE LIVE 15:40 | 21 Nov 243.15 1.20
(0.50%)
OPEN

240.45

HIGH

243.95

LOW

240.45

NSE 15:31 | 21 Nov 243.60 1.30
(0.54%)
OPEN

242.30

HIGH

244.95

LOW

242.00

OPEN 240.45
PREVIOUS CLOSE 241.95
VOLUME 1631
52-Week high 297.95
52-Week low 225.00
P/E 9.80
Mkt Cap.(Rs cr) 1,784
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 240.45
CLOSE 241.95
VOLUME 1631
52-Week high 297.95
52-Week low 225.00
P/E 9.80
Mkt Cap.(Rs cr) 1,784
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Hindustan Media Ventures Ltd. (HMVL) - Chairman Speech

Company chairman speech

Dear Shareholders

The Indian economy is one of the world's fastest growing economy – it grew by 7.1%in 2016-17 coming on the back of a 7.6% growth the previous year. The government hasbuilt on these numerical advantages with major reforms such as the Insolvency andBankruptcy Code (IBC) the Goods and Services Tax (GST) and the Real Estate RegulationAct (RERA) that hold the promise of significant benefits in the medium to long-term. Lastyear our total revenue increased by 4.8% from ` 979 crore to ` 1025 croreand our operating profit registered a 6.1% growth from Rs. 281 crore to Rs. 298crore.

Campaigns that set us apart

Our Hindi business has always been characterised by campaigns that span editorial andadvertising objectives and more importantly are socially relevant. FY 2016-17 was nodifferent. We had national and regional campaigns on varied issues from demonetisationto protecting the Himalayas to combating the drug menace. All of these are hot-buttonissues for our audience.

A 360-degree approach

Our Hindi business isn't just about print. A recent study by Google and KMPG of around7000 Indians across urban and rural areas showed that 70% of Indians would prefer onlinecontent in a regional language. India now has more than 300 million smart phone users andmany of them are in the Hindi-belt. Not surprisingly our Hindi website livehindustan.comgrew significantly last year. It ended March'17 with 50 million monthly page views and 6.1million monthly unique visitors.

In addition to print and online Hindustan also engages with its audience andadvertisers through events. Through our activities such as 'Hindustan Aao RajneetiKarein' 'Hindustan Shikhar Samagam' 'Mission Engineering' and 'Hindustan Kisan Mela'we built deeper relationships with readers and advertisers.

Responsibility towards society

As a responsible corporate citizen your Company is committed to giving back tosociety. Our social endeavours spanned the 3elds of healthcare education skilldevelopment and infrastructure.

Outlook

The regional language print business continues to grow and the regional languageInternet media business is an emerging one that holds much promise. Hindustan MediaVentures has a leadership position in both and we expect to build our readership acrossplatforms and also revenues on the strength of this. Our initiatives in this areainclude strengthening our digital platform with an emphasis on real-time delivery of newsover mobile phones continuous renewal of our print product and launching new events toenhance engagement with our audience and advertisers.

Consolidated efforts

Our success has been built on several pillars the most important of which is supportfrom our readers and advertisers. The Board of Directors has been a constant source ofencouragement and sage advice. I'd like to thank the members of the board our employeeswho constantly strive to do better our readers and advertisers and all shareholders fortheir valuable contribution to our journey.

Thanking you

Shobhana Bhartia

Chairperson