Top Story

e4m_logo.png

Home >> Media – Print >> Article

Hindustan Media revenues up 13% on back of ad & circulation revenue growth

20-July-2013
Font Size   16
Share
Hindustan Media revenues up 13% on back of ad & circulation revenue growth

Hindustan Media Ventures has reported 13 per cent growth in total revenues at Rs 1,887 million for Q1 FY2014. This is on the back of 14 per cent growth in advertising revenues to Rs 1,326 million and 12 per cent increase in circulation revenues to Rs 421 million.

Net profit has grown by 57 per cent to Rs 303 million in Q1 FY14 from Rs 195 million in the corresponding quarter last fiscal. EBITDA is up 46 per cent to Rs 480 million primarily due to growth in advertising and circulation revenues.

However, growth was partially offset by 12 per cent increase in other expenditure to Rs 506 million due to increase in production expenses and 10 per cent increase in employee costs to Rs 215 million.

Commenting on the performance for Q1 FY14, Shobhana Bhartia, Chairperson, HMVL, said, “Performance has been robust in the new financial year with a healthy growth in revenue and a significant improvement in profitability. That’s the result of improved traction in advertising revenue led by the Uttar Pradesh and Uttarakhand markets, combined with a sustained focus on reducing costs.”
 

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

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

The campaign film features PV Sindhu, Saina Nehwal, Kidambi Srikanth and Indian badminton mavericks, HS Prannoy, Ashwini Ponappa, Sai Praneeth, and Ajay Jayaram

We list a few important stories that you may have missed in the week gone by