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Quint Digital’s net profit surges to Rs 45 lakh in Q4

Programmatic and partner revenues contributed 25 per cent of overall revenue.

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NEW DELHI: Quint Digital Media Ltd (QDML)  has reported positive growth during the quarter ended 31 March 2021, posting a net profit of Rs 45 lakh for the period.

During the previous quarter, the company had reported a net profit of Rs 18 lakh.

Its revenue for operations for the fourth quarter of FY21 stood at Rs 6.56 crore, up from Rs 6.23 crore in the third quarter.

QDML had acquired The Quint, Hindi Quint and Fit digital properties on 1 July 2020, and has been operating them for nine months of FY20-21. During the nine-month period ending March 2021, the digital publication posted operating revenue of Rs 18.03 crore, and profit after tax of Rs 1.70 crore.

Quint's programmatic and partner revenues contributed 25 per cent of the overall revenue during the fourth quarter.

The company said audience footprint across its websites and various digital platforms, including Facebook, Instagram, YouTube, Twitter, Snapchat, is also strong and diversified.

Additionally, the digital properties had nearly 14.8 million subscribers/followers across various platforms at the end of the last fiscal.

"The management is confident that its digital properties have entered a phase of sustained profitable growth," the company said in a statement.

For the full year, net loss was Rs 1.86 crore in the year ended March 2021 as against net loss of Rs 27.49 crore during the previous fiscal ended March 2020. Sales rose 50.93 per cent to Rs 21.13 crore in the year ended March 2021 as against Rs 14 crore during the previous year.

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