Top Story


Home >> International >> Article

Mid-Day Multimedia net profit increase to Rs 8.63 crore

Font Size   16
Mid-Day Multimedia net profit increase to Rs 8.63 crore

Mid-Day Multimedia has posted a 68 per cent increase in net profit for the fiscal year ended March 31, 2001, to Rs 8.63 crore as against Rs 5.13 crore for the same period last year’s. Total revenue for the year has shown a growth of 81 per cent to 96.29 crore as against Rs 53.25 crore in the last fiscal year.

The gross profit before depreciation and tax stood at Rs 16.89 crore as against Rs 9.44 crore in the same period last year. The company has provided for interest and finance of Rs 0.98 crore for the fiscal ended March 2001 as against Rs 0.47 crore last fiscal. Depreciation has increased to Rs 2.84 crore as against Rs 1.57 crore last year. The company has increased its provision for taxes to Rs 4.44 crore (Rs 2.27 crore). The company made an IPO during the year and was listed on the BSE and NSE in April 2001.

The reserves and surpluses stood at Rs 49.43 crore as against Rs 31.39 crore last year’s. This is against an equity base of Rs 34.05 crore, which has grown from Rs 31.93 crore last year’s.

At the commencement of the current fiscal year, the company took over all operations of Mid-day Outdoor Ltd. The outdoor business delivered significant revenues during the year under review.


Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

WhatClicks promises to be an unbiased, objective, third-party audit firm that will work with advertisers and agencies alike to help build an effective and integrated digital strategy.

V-Guard Industries, a household name for consumer electrical appliances in India, has revamped its logo in order to reflect the strength gained by the brand over the years. The company has also unveil...

The report reveals that there has been nearly 5 times more growth in video consumption in the last 12 months, with 96 percent of all usage being focused on long form video