HT Media's consolidated total revenue stands at Rs 636 crore in Q3 FY20

Print advertising revenue stands at Rs 379 crore while operating revenue is at Rs 495 crore in Q3FY20

e4m by exchange4media Staff
Updated: Jan 23, 2020 4:44 PM
HT Media

HT Media has released the un-audited financial results for the quarter and nine months period ended on 31 December 2019.  Consolidated total revenue for Q3 FY20 stood at Rs 636 crore, down by 5% compared to last year

EBITDA stands at Rs 118 crore, and margins at 19% (vis-à-vis 13% in the previous year), driven by softening of newsprint prices and cost control, while consolidated PBT was Rs 42 crore compared to Rs 23 crore last year.

For Print, circulation revenue at Rs 69 crore, while operating revenue stands at Rs 495 crore in Q3FY20. There was a decline across both national and local advertising. Print advertising revenue for the financial year stood at Rs 379 crore, a 12 per cent drop from last year's Rs 432 crore. However, sequential growth in circulation revenue continued in this quarter.

For English print, in terms of categories, Government and BFSI witnessed double-digit YoY growth, while for Hindi print, Government and Medical/Health & Fitness witnessed growth.

For radio, operating revenue stood at Rs 58 crore, a 9 per cent decline compared to the same quarter last year. Growth in BFSI, Real Estate and Education categories was recorded in Q3 FY 20.

Shobhana Bhartia, Chairperson and Editorial Director HT Media Ltd & Hindustan Media Ventures Ltd said, “Our third-quarter results reflect the ongoing broad-based slowdown in the economy. Weakness in demand has led to advertisers being cautious with spends. As a consequence, our Print and Radio businesses faced pressure on revenues. On the positive side, the Shine business continues to exhibit healthy growth for the fifth straight quarter. Despite revenue pressures, profitability has improved on the back of lower newsprint prices and tight control on costs."

She added, "We reiterate a cautious outlook for the upcoming quarters and believe it may be some time before the macroeconomic growth bottoms out. We are hopeful of a revival in the next financial year but will remain focused on cost and efficiency measures which should hold us in good stead in the interim. We also continue to explore new avenues of growth and will invest in key focus areas.”

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