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Hindustan Media Ventures Q3 Net up 19% at Rs 52.15 cr

Press Trust of India  |  New Delhi 

Hindustan Media Ventures today reported a 19 per cent rise in its consolidated net profit at Rs 52.15 crore for the third quarter ended December 31, 2017.

The company had posted a net profit of Rs 43.82 crore in the October-December quarter of the previous fiscal, Hindustan Media Ventures Ltd (HMVL) said in a filing.

Its total during the period under review was marginally down at Rs 251.51 crore as against Rs 251.81 crore in the corresponding quarter of 2016-17.

Commenting on the results, HMVL Shobhana Bhartia said: "The quarter witnessed overall growth with advertising picking up sharply towards the end of the period. The growth, however, comes over a base impacted by both an early festive season and "

HMVL's total expenses during the quarter under review were down 9.47 per cent to Rs 179.45 crore as against Rs 198.24 crore in the October-December period of 2016.

of HMVL today settled at Rs 265.70 on BSE, up 0.95 per cent from previous close.

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

First Published: Thu, January 11 2018. 18:25 IST