Q2-2016: 18% YoY ad revenue jump ramps Hindustan Media Ventures revenue 16%

BENGALURU: An 18.2 per cent YoY increase in advertising revenue ramped up Hindustan Media Ventures Limited (HMVL) total revenue by 16.2 per cent during the quarter ended 30 September, 2015 (Q2-2016, current quarter).

The publisher that publishes Hindi newspaper ‘Hindustan’, Hindi socio cultural magazine ‘Kadambini’ and children’s Hindi magazine ‘Nandan’ among others, reported ad revenue of Rs 168.1 crore in Q2-2016 as compared to the Rs 142.2 crore in Q2-2015 and Rs 162.1 crore (1.1 per cent QoQ growth) in Q1-2016. HMVL total revenue in the current quarter increased to Rs 245.9 crore as compared to Rs 211.6 crore in Q2-2015 and Rs 235.4 crore (4.5 per cent QoQ growth) in the immediate trailing quarter.

Note: 100,00,000 = 100 lakh = 10 million = 1 crore

Circulation revenue in Q2-2016 increased 7.6 per cent to Rs 53.4 crore as compared to the year ago quarter circulation revenue of Rs 49.6 crore and was flat (increased 0.1 per cent) as compared to the Rs 53.4 crore in Q1-2016.

The company’s profit after tax (PAT) in the current quarter increased 43.1 per cent to Rs 45 crore (18.3 per cent margin) as compared to the Rs 31.5 crore (14.9 per cent margin) in Q2-2015 and increased eight per cent to Rs 41.7 crore (17.7 per cent margin) in the immediate trailing quarter.

Total Expenditure in the current quarter increased eight per cent to Rs 180.19 crore as compared to the Rs 166.88 crore in Q2-2015 and was 3.1 per cent more than the Rs 174.72 crore in Q1-2016.

Cost of raw materials consumed increased 1.2 per cent to Rs 85.75 crore in Q2-2016 as compared to the Rs 84.76 crore in Q2-2015 and increased 1.1 per cent as compared to the Rs 84.80 crore in Q1-2016.

Employee Benefit Expense (EBE) increased 15.9 per cent to Rs 29.88 crore in Q2-2016 as compared to Rs 25.77 crore in the corresponding year ago quarter and increased four per cent as compared to the Rs 28.72 crore in Q1-2016.

Company speak

HMVL chairperson Shobana Bhartia said, “We are glad to report another quarter of strong growth in revenue and profits despite significant macroeconomic stress. The quarter witnessed healthy growth in advertising revenue across verticals. We also saw an increasing share of local business across all our markets. And lower raw material prices and a benign rupee continue to boost profitability. We have the momentum and expect to continue on the growth path as we move forward.”

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