Top Story


Home >> Media - Others >> Article

HT Media Ltd Q1 FY 07 net up at Rs 306.3 million, revenues up 33 per cent

Font Size   16
HT Media Ltd Q1 FY 07 net up at Rs 306.3 million, revenues up 33 per cent

The company has reported a 33 per cent increase in revenues for the quarter ended June 30, 2006 to Rs 2,478.6 million, driven primarily by contributions from the Mumbai operations.

Pre-tax profits recorded a substantial increase from Rs 154.2 million last year to Rs 473.6 million in Q1 FY2007. PAT for the quarter under review, when compared with corresponding period last year, more than trebled to Rs 306.3 million from Rs 98.1 million, translating into an EPS (non-annualised) of Rs 6.53.

HT Media had launched its Mumbai operations in July 2005. Enhanced operating efficiencies and robust ad revenue growth of the company resulted in a 113.3 per cent improvement in operating profits (EBITDA) for the quarter, which increased to Rs 606.2 million.

The operating (EBITDA) margin for the quarter improved to 24.5 per cent from 15.3 per cent last year. “This operating performance is inclusive of costs related to the Mumbai operations and has been achieved despite continued firmness in newsprint prices,” the company said in a statement.

Shobhana Bhartia, Vice Chairperson and Editorial Director, HT Media, said, “Our performance during the quarter has been very encouraging. We are pleased to report that our Mumbai operations are performing in line with plan, enabling us to attract national advertisers and better rates. In addition to being a leader in the English market, we are also one of the country’s largest players in the Hindi segment where we are expanding our footprint. Our operations continue to be fundamentally robust, and we intend to make further investments in new growth initiatives during the current year. Our growth strategy is working as intended and we believe that the outlook for the full year is quite strong.”


Karthik Raman, Chief Marketing Officer, IDBI Federal Life Insurance, on the brand’s unconventional approach to marketing and priorities for the next year

Vinik Karnik, Business Head - ESP Properties, talked about what went into conceptualising the first edition of the entertainment marketing report, Showbiz

Rahul Jhamb, Brand Head, Forever 21, on how the fast fashion brand always stays on the pulse of latest marketing trends

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

Conceptualised and executed by WATConsult, the campaign focuses on how Lotus Make-up is an enabler for women from various walks of life

iProspect released the third annual 2018 Future Focus Whitepaper geared to examine how machines and technology will impact marketing and advertising in the year ahead

Mavcomm Consulting one of India’s leading Public Relations, Reputation Management& Brand Communications company today announced elevation of Pranjal Dutta to the role of CEO