The company had posted a profit of Rs 38.81 crore in the April-June quarter of the preceding fiscal, Hindustan Media Ventures Ltd (HMVL) said in a BSE filing.
PTI
Hindustan Media Ventures Ltd (HMVL) on Monday reported a 73.51 percent decline in its consolidated net profit to Rs 10.28 crore for the quarter ended on June 30, 2020, due to lower income.
The company had posted a profit of Rs 38.81 crore in the April-June quarter of the preceding fiscal, Hindustan Media Ventures Ltd (HMVL) said in a BSE filing.
Total income during the quarter under review stood at Rs 139.3 crore, down 41.73 percent, as compared to Rs 239.1 crore in the year-ago period.
The company publishes Hindi daily 'Hindustan' and magazines like Nandan and Kadambini.
Shares of HMVL settled 2.64 percent lower at Rs 48 apiece on the BSE.First Published on Jul 27, 2020 07:15 pm