HT Media Q1 net down 24% to Rs 24.95 cr

HT Media Ltd today reported 23.63 per cent decline in consolidated net profit at Rs 24.95 crore for the first quarter ended June 30 on the account of higher expenses and lower other income.

The company had posted net profit of Rs 32.67 crore in the April-June quarter of the 2014-15 fiscal.

Net sales during the quarter under review went up by 7.79 per cent to Rs 582.63 crore from Rs 540.51 crore a year-ago, the company said in a BSE filing.

HT Media's total expenses in the first quarter of the current fiscal were at Rs 553.1 crore, up 8.07 per cent as against Rs 511.76 crore in the same quarter a year-ago.

During the quarter under review HT Media's other income stood at Rs 28.09 crore as against Rs 39.45 crore in the year-ago period.

HT Media shares were trading at Rs 90.50 apiece, down 9.14 per cent, on the BSE.