Hinduja Ventures Q3 profit at Rs 23.53 cr

Hinduja Ventures Ltd today reported a marginal decline of 1.25 per cent in standalone net profit at Rs 23.53 crore for the third quarter ended December.

The company had posted a standalone profit of Rs 23.83 crore in the same period of previous fiscal, Hinduja Ventures, the holding company of IndusInd Media and Communication (IMCL), informed BSE.

However, company's total income from operations increased to Rs 28.57 crore in the October-December 2013 quarter as compared to Rs 27.79 crore during the same period a year ago.

Shares of Hinduja Ventures closed at Rs 259 per scrip, up 0.47 per cent from their previous close at BSE.