HT Media records 52 percent consolidated profit
Despite the fact that HT Media has been into big challenges of making big profit from ad revenue, the media conglomerate has recently announced its record gain of 52 percent growth year-on-year in consolidated profit at Rs 77.8 cr for the quarter ended September 2017, backed by strong operational performance. The company’s profit in year-ago quarter stood at Rs 51.2 cr. Consolidated revenue during the quarter fell 6.9 percent to Rs 560.6 cr compared with Rs 602.2 cr in the same quarter last fiscal. Advertising revenue during the quarter fell
by 8.14 percent to Rs 395 cr compared to Rs 430 in Q2 2016-2017.