HMVL Q1 net falls 72.48% to Rs 13.2 crore
The company had posted a net profit of Rs 47.98 crore in the same quarter a year ago.
By PTI |
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NEW DELHI: Hindustan Media Ventures Ltd (HMVL) today reported a 72.48 per cent fall in standalone net profit at Rs 13.2 crore for the quarter ended June 30, 2018.
The company had posted a net profit of Rs 47.98 crore in the same quarter a year ago.
The company's total income for the quarter declined by 10.40 per cent to Rs 234.65 crore from Rs 261.89 crore in the year-ago period, HMVL said in a BSE filing.
Total expenses in the quarter under review stood at Rs 216.39 crore, up 11.77 per cent, as against Rs 193.6 crore reported a year ago.
HMVL is into printing and publication of newspapers and periodicals, including Hindi daily Hindustan .
The company's stock was trading 6.44 per cent lower at Rs 184.50 apiece on the BSE.
The company had posted a net profit of Rs 47.98 crore in the same quarter a year ago.
The company's total income for the quarter declined by 10.40 per cent to Rs 234.65 crore from Rs 261.89 crore in the year-ago period, HMVL said in a BSE filing.
Total expenses in the quarter under review stood at Rs 216.39 crore, up 11.77 per cent, as against Rs 193.6 crore reported a year ago.
HMVL is into printing and publication of newspapers and periodicals, including Hindi daily Hindustan .
The company's stock was trading 6.44 per cent lower at Rs 184.50 apiece on the BSE.
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