HT Media reports 45.6 percent up in income

HT Media has reported Profit After Tax (PAT) of Rs 28.97 cr for the quarter ended September 30. The company reported a loss of Rs 40.78 cr in the same quarter of the previous fiscal year and a loss of Rs 76 cr for the quarter ended Jun 30, 2021. The total income of the company increased by 45.6 percent to Rs 440.31 cr from Rs 302.41 cr. According to Shobhana Bhartia Chairperson and Editorial Director, HT Media Ltd & Hindustan Media Ventures Ltd, the operating environment improved progressively during the second quarter as the Indian economy gradually emerged from the impact of the second wave. She added that it was marked by a decline in COVID cases, a significant pickup in the pace of vaccination, and a sharp recovery in economic activity driven by improvement in consumption demand and sentiment.