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HT Media on Wednesday reported a 68.66 per cent decline in consolidated net profit at ₹ 43 crore for the quarter ended December 31, 2018.
The company had posted a consolidated net profit of ₹ 137 crore for the December quarter of the previous financial year.
Its total income stood at ₹ 664.89 crore, lower as compared with ₹681.7 crore in the same period a year ago, HT Media said in a BSE filing.
HT Media’s total expenses grew to ₹637.8 crore in the third quarter of this financial year, against ₹533.21 crore reported in the corresponding period a year ago.
The company’s shares closed 1.05 per cent lower at ₹47.05 on the NSE.
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