The Hindu Business Line : HT Media Q2 net slips to Rs 16.3 cr

Profits for the second quarter for HT Media, publishers of Hindustan Times and business daily Mint, were down by almost half to Rs 16.3 crore. Higher newsprint prices had affected margins, the company said.

The net profits reported for the corresponding quarter in the previous year were at nearly Rs 32 crore. EBIDTA margins were down from 20 per cent to 13 per cent this quarter. The company blamed the 24 per cent increase in newsprint prices over last year’s prices. The higher costs were partially offset by a raising of advertising rates during the quarter.

Net sales for the quarter ending September 30 grew 18 per cent to Rs 334 crore from Rs 283 crore reported during the corresponding quarter the previous year.

Related Stories:
HT Media, German media group tie-up

More Stories on : Newspapers & Publishing

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Indiabulls Financial reports standalone net of Rs 44.8 cr

BT revenues from India up 39%

Sanghvi Movers: Noteworthy show

RNRL net rises 5% at Rs 20 cr

Wockhardt Q3 net dips 43%

Value addition boosts SAIL profit 18% in second quarter

Marico net up 11.6%

Ashok Leyland net dips on interest costs, forex volatility

Hero Honda Q2 net up 50% on rising volumes, cost cutting

Polaris Soft net up 89%

Tech Mahindra net rises 67%

NIIT net rises 41% in Q2

HT Media Q2 net slips to Rs 16.3 cr