Hindustan Media Ventures Limited (HMVL) reported a significant improvement in its financial performance for Q3 FY25, with a net profit of ₹1,799 lakh compared to a loss of ₹187 lakh in the same quarter last year. The recovery highlights the company’s efforts to optimize expenses and boost revenue from its core operations.
Key Highlights:
- Revenue from Operations: The company’s revenue for the quarter stood at ₹19,747 lakh, showing a 7.9% increase compared to ₹18,295 lakh in Q3 FY24. Sequentially, revenue also improved from ₹17,199 lakh in Q2 FY25.
- Total Income: Including other income of ₹2,392 lakh, the total income for the quarter reached ₹22,139 lakh, compared to ₹20,651 lakh in Q3 FY24.
- Total Expenses: Expenses were controlled effectively at ₹20,168 lakh, down from ₹20,838 lakh in the previous year.
- Profit Before Tax (PBT): The PBT came in at ₹1,971 lakh, significantly higher than the loss of ₹187 lakh in the corresponding quarter last year.
- EBITDA: Earnings before finance costs, tax, depreciation, and amortization stood at ₹2,573 lakh compared to ₹832 lakh in Q3 FY24, reflecting strong operational improvement.
- Tax Expense: The total tax charge for the quarter was ₹172 lakh.
- Net Profit: The net profit for the period surged to ₹1,799 lakh, compared to a loss of ₹187 lakh in Q3 FY24.
Nine-Month Performance:
- Revenue: For the nine months ended December 31, 2024, the revenue stood at ₹53,164 lakh, a slight increase compared to ₹51,504 lakh in the same period last year.
- Net Profit: The company reported a cumulative net profit of ₹3,238 lakh for the nine months, compared to a loss of ₹560 lakh in the prior year.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
