HT Media Swings to ₹51.36 Crore Net Profit in Q4

The printing and publishing of newspapers and periodicals segment reported revenue of ₹373.29 cr in Q4

- Staff Writer

HT Media Ltd, the publisher of Mint and Hindustan Times newspapers, swung to a ₹51.36 crore profit in the quarter ended 31 March from a loss of ₹31 lakh a year earlier.

Revenue from operations in the fourth quarter stood at ₹513.57 crore compared with ₹464.41 crore in the same period a year ago, HT Media said in a regulatory filing on Tuesday.

Total expenses in the quarter stood at ₹527.47 crore against ₹513.41 crore in the corresponding period a year ago.

The company posted a consolidated net profit of ₹14.2 crore for the fiscal ended 31 March compared with a consolidated net loss of ₹91.38 crore in the previous year, according to the filing.