Hinduja Ventures has seen a marginal dip of 1.25 per cent in its standalone net profit for the third quarter ended December 31, 2013 at Rs 23.54 crore, as compared to Rs 23.83 crore in the corresponding quarter of the previous fiscal.
The company reported growth in its Q3 FY14 total income at Rs 28.59 crore as against Rs 28.31 crore in the same period last fiscal.
Meanwhile, Hinduja Ventures has announced revamp of its media vertical in order to enhance synergy across its various media initiatives. To support this initiative, Rs 300 crore is being invested in the media business.
As is known, Hinduja Ventures is the holding company of integrated media company IndusInd Media & Communications. With an estimated 8.5 million subscribers across 36 major cities, the company offers over 350 channels in the digital mode.