Companies

Hindustan Media Ventures Q3 profit down 25% to Rs 29 cr

PTI New Delhi | Updated on January 15, 2019 Published on January 15, 2019

Hindustan Media Ventures Ltd (HMVL) on Tuesday reported 25.40 per cent decline in net profit to Rs 29.16 crore for the third quarter ended December 31, 2018.

The company had posted a net profit of Rs 39.09 crore in the October-December quarter of the previous fiscal, HMVL said in a BSE filing. However, its total income during the reported quarter was up 6.01 per cent to Rs 252.80 crore as against Rs 238.45 crore in the year-ago period.

HMVL’s total expenses were up 21.49 per cent to Rs 218.02 crore as against Rs 179.45 crore in the October-December period of 2017. Shares of HMVL were trading at Rs 123.25 per scrip on BSE, down 1.12 per cent from the previous close.

Published on January 15, 2019
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