HT Media Ltd, the publisher of Hindustan Times, has reported a 33.5 per cent growth in its consolidated net profit at Rs 47.8 crore for the third quarter ended December 31, 2010. In the same period in the preceding year, HT Media Ltd’s consolidated net stood at Rs 35.8 crore.
The media major’s total income stood at Rs 465.06 crore in Q3 FY11, as compared to Rs 366.14 crore in the corresponding quarter of the previous fiscal.
Commenting on the Q3 FY11 performance, in a prepared statement, Shobhana Bhartia, Chairperson and Editorial Director, HT Media, said, “We are delighted to report a strong financial and operating performance this quarter, led primarily by impressive advertisement revenue growth across all our publications. Our English and Hindi dailies, Hindustan Times and Hindustan, have both received strong recognition from advertisers across sectors. Mint, too, has shown creditable improvement.”
The consolidated results of HT Media Ltd include the financials of group companies Hindustan Media Ventures Ltd, HT Music and Entertainment Company, HT Burda Media, HT Digital Media Holdings, Firefly e-Ventures Ltd, HT Overseas Pte Ltd, and Metropolitan Media Company Pvt Ltd.