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Hindustan Media Ventures Ltd.

BSE: 533217 Sector: Media
NSE: HMVL ISIN Code: INE871K01015
BSE LIVE 15:40 | 20 Sep 273.70 3.85
(1.43%)
OPEN

269.50

HIGH

277.20

LOW

266.10

NSE 15:47 | 20 Sep 271.65 3.70
(1.38%)
OPEN

269.85

HIGH

276.95

LOW

266.10

OPEN 269.50
PREVIOUS CLOSE 269.85
VOLUME 10917
52-Week high 313.50
52-Week low 252.75
P/E 10.41
Mkt Cap.(Rs cr) 2,009
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 269.50
CLOSE 269.85
VOLUME 10917
52-Week high 313.50
52-Week low 252.75
P/E 10.41
Mkt Cap.(Rs cr) 2,009
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

India is on a stable growth trajectory especially when seen against the backdrop ofsubdued global growth and financial turbulence in other parts of the world. The economygrew by 7.6% inFY16 compared to 7.2% in the last fiscal. Moderate inflation and lowfiscal & current account deficits are positive developments for the economy.

The Government’s emphasis on core infrastructure such as roads railways &ports manufacturing output and rural welfare are likely to augur well for the economyand businesses going forward.

Against the above backdrop Media and Entertainment Industry in India grew by around12.8% inFY16. In the context of the favourable industry scenario our Total Revenueincreased by 11.9% to' 979.3 crore in FY16 from Rs 875 crore in the previous year.

FY 16 witnessed a 14.7% increase in our Advertising Revenue to' 684 crore primarilyled by volumes. During the year we also saw a 6.8% escalation in the Circulation Revenueon account of a growth in circulation and higher net realisation per copy. Our OperatingProfit (EBITDA) increased by 25% and Profit after Tax grew by 28.2% to' 180.6 croreduring FY 16.

Our leadership-engagement activities such as Hindustan Shikhar Samagam inUP HindustanBiharSamagam and Hindustan Uttarakhand Samagam have consolidated and expanded the readerbase of Hindustan. HMVL’s growth in the Indian hinterland has coincided with theincreasing relevance of this region for advertisers. This has helped us increase ouradvertising revenue.

COMMUNITY INITIATIVES

As a responsible corporate citizen we are conscious of our responsibility towardssustained social development. We have contributed to the society through our consistentefforts in areas of healthcare education and community development. We have selected twovillages in Mathura (U.R) and contributed to the improvement of infrastructure in thesevillages. This has brought about a qualitative change in the lives of the residents ofthese villages.

WAY FORWARD

Going forward we aim to drive volume and yield growth across geographies on the backof a stable economic environment. Our business in Uttar Pradesh will continue on itsgrowth trajectory even as we consolidate our leadership position in Bihar Jharkhand andUttarakhand. We will strengthen our digital footprint through investments in the websiteand new products. In this endeavour our strong balance sheet will facilitate theexpansion.

Our consistent progress would not have been possible without the support and guidanceof readers advertisers employees and other stakeholders. I am grateful to all ofyou foryour contribution in our journey.

Thanking you

Shobhana Bhartia Chairperson