HMVL Q1 results: Net falls 73.51% to Rs 10.28 crore
The company had posted a profit of Rs 38.81 crore in the April-June quarter of the preceding fiscal, Hindustan Media Ventures Ltd (HMVL) said in a BSE filing.
By PTI |
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New Delhi: Hindustan Media Ventures Ltd (HMVL) on Monday reported a 73.51 per cent decline in its consolidated net profit to Rs 10.28 crore for the quarter ended on June 30, 2020, due to lower income.
The company had posted a profit of Rs 38.81 crore in the April-June quarter of the preceding fiscal, Hindustan Media Ventures Ltd (HMVL) said in a BSE filing.
Total income during the quarter under review stood at Rs 139.3 crore, down 41.73 per cent, as compared to Rs 239.1 crore in the year-ago period.
The company publishes Hindi daily 'Hindustan' and magazines like Nandan and Kadambini.
Shares of HMVL settled 2.64 per cent lower at Rs 48 apiece on the BSE.
The company had posted a profit of Rs 38.81 crore in the April-June quarter of the preceding fiscal, Hindustan Media Ventures Ltd (HMVL) said in a BSE filing.
Total income during the quarter under review stood at Rs 139.3 crore, down 41.73 per cent, as compared to Rs 239.1 crore in the year-ago period.
The company publishes Hindi daily 'Hindustan' and magazines like Nandan and Kadambini.
Shares of HMVL settled 2.64 per cent lower at Rs 48 apiece on the BSE.
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