HT Media reports net loss to Rs 31 lakh in the fourth quarter
The company said its consolidated net loss narrowed to Rs 91.38 crore from a consolidated net loss of Rs 251.75 crore registered in FY23.
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HT Media Ltd reported a consolidated net loss to Rs 31 lakh in the fourth quarter ended March 31, 2024. The company had posted a consolidated net loss of Rs 20.73 crore in the same quarter of the previous fiscal, HT Media said in a regulatory filing, as per reports.
Consolidated revenue from operations during the quarter under review stood at Rs 464.41 crore as compared to Rs 441.4 crore in the corresponding period a year ago.
Revenue from printing and publishing of newspapers and periodicals in the quarter was at Rs 375.97 crore as compared to Rs 373.85 crore in the year-ago period, the company said.
Radio broadcast and entertainment vertical posted revenue of Rs 47.57 crore as against Rs 36.29 crore in the corresponding period of the previous fiscal. The digital segment recorded revenue of Rs 43.21 crore in Q4FY24 as compared to Rs 31.63 crore in Q4FY23.
Total expenses in the fourth quarter were lower at Rs 513.41 crore as compared to Rs 528.87 crore in the same period a year ago, the company said.
For the fiscal ended March 31, 2024, the company said its consolidated net loss narrowed to Rs 91.38 crore from a consolidated net loss of Rs 251.75 crore registered in FY23.
Consolidated revenue from operations in FY24 was at Rs 1,694.72 crore as compared to Rs 1,711.1 crore in FY23, it added.
