Top Story

e4m_logo.png

Home >> Media – Print >> Article

HT Media Q3 revenues up 5 pc at Rs 3,371 mn; net profit down to Rs 78 mn

22-January-2009
Font Size   16
Share
HT Media Q3 revenues up 5 pc at Rs 3,371 mn; net profit down to Rs 78 mn

HT Media Ltd’s Q3 results are a mixed bag. On the one hand, the media major has reported a 5 per cent increase in its total revenues – from Rs 3,219 million to Rs 3,371 million – primarily on account of 5 per cent increase in advertisement revenues from Rs 2,739 million to Rs 2,866 million.

On the other hand, the company’s net profit dropped to Rs 78 million from 369 million primarily on account of higher newsprint prices, adverse foreign currency movements, lower advertising and exceptional items, viz., consultancy charges for drawing up of strategic plans for new areas of business and provision for diminution in value of long term investments.

EBITDA margins have also reduced to 15 per cent at Rs 503 million from 21 per cent at Rs 681 million.

Commenting on the Q3 performance, Shobhana Bhartia, Chairperson and Editorial Director, HT Media, said, “We are satisfied with our steady performance in a tough macro economic environment. HT is a leading media brand in the country and our position is being further augmented through multiple initiatives that we are implementing across our operating businesses. The results of the recent IRS survey are a reflection of the strides made by Hindustan Times. Mint has clearly established its position as the No. 2 business daily, while Hindustan has continued its strong growth in readership.”

She further said, “Our focus on the radio and Internet business is a part of the long tern growth strategy and expected to contribute as a significant value driver for HT in future.”

Tags

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