Quint Digital Media Limited, India’s leading digital media company and only new-age digital-first news operator listed on an Indian stock exchange, published its results for the quarter ended June 30, 2021 (Q1).
Highlights of financial performance:
- THE QUINT completed one full year of operations as a listed entity and recorded revenues of INR 24+ Cr. In addition, during the same period, it recorded an EBITDA of INR 7+ Cr.
- The Company saw a strong Q1 FY22 (June 21) performance with the revenues shooting up by 106 % as compared with corresponding first quarter – Q1 FY21 (June 20).
- The quarter also saw the Company continue its earnings with an EBITDA level of INR 2.36 Cr. It is a complete upturn in performance compared with the corresponding first quarter – Q1 FY21 (June 20) which saw an EBITDA level of INR (3.16) Cr.
- Post the approval of the shareholders at the 36th Annual General Meeting, the Company appointed M/s. Walker Chandiok & Co LLP, Chartered Accountants, as the Statutory Auditors till the conclusion of the 41st Annual General Meeting.
Refer Annexure A for the quarterly financial performance
Highlights of audience engagement:
Reuters Institute (independent, global Think Tank) in its Reuters Institute Digital News Report 2021, India, recognized THE QUINT as one of the top digital news brands in the online category.
The audience footprint across the websites and digital platforms – including Facebook, Instagram, YouTube, Twitter, Snapchat etc. – continued its strong momentum in the quarter despite the pandemic.
Some of the key data points, aggregated across the websites and digital platforms, are given below:
| Description/ Period | Quarter 1
FY 2021-22 |
12 months ending June 30, 2021 |
| Page Views | 93.4 Mn | 392.2 Mn |
| Video Views | 261.1 Mn | 806 Mn |
| Unique Viewers | 291.5 Mn | 684 Mn |
| Impressions | 3.52 Bn | 10.1 Bn |
Source: based on data provided by platforms/ other agencies
The digital properties had nearly 15.67 Mn subscribers/followers across various platforms at the end of Q1.
As another step towards growth & expansion, the Company will undertake a detailed evaluation of the proposal to acquire the direct and indirect stakes in certain media operations founded and owned by Mr. Raghav Bahl and Ms. Ritu Kapur viz. Quintillion Media Private Limited, Quintillion Business Media Private Limited, Quintype Technologies India Private Limited, Owlet Films Private Limited, YKA Media Private Limited and Spunklane Media Private Limited.
The management is confident that as economic activity opens up fully and with the increased digital adoption, the Company’s digital properties will become the leading players in the new-age digital media sector.
Annexure A (INR in 000)
| Particulars | Q1 –
June 30, 2021 |
Q1 –
June 30, 2020 |
12 months (July 1, 2020 – June 30, 2021) |
| Revenue from Operations | 63,939 | 31,046 | 244,191 |
| Other Income | 4,156 | 3,287 | 7,566 |
| Total Income | 68,095 | 34,333 | 251,757 |
| Employee benefit expenses | 21,782 | 40,084 | 83,940 |
| Finance cost | 2,697 | 1,672 | 10,097 |
| Depreciation and amortization expense | 14,276 | 2,331 | 37,491 |
| Other expenses | 22,733 | 25,842 | 91,644 |
| Total Expenses | 61,488 | 69,929 | 223,172 |
| Exceptional Items | – | 5,736 | |
| Profit before tax | 6,607 | (35,596) | 22,848 |
| Tax expenses | 1,704 | 47 | 899 |
| Profit after tax | 4,903 | (35,643) | 21,949 |