During Monday’s trading session, shares of a part of the Hindustan Times Group surged nearly 14.3 percent to Rs. 95.35 on BSE, after reporting a turnaround from a loss of Rs. 0.82 crores in Q3 FY24 to a profit of Rs. crores in Q3FY25.
With a market cap of Rs. 692.6 crores, the shares of Hindustan Media Ventures Limited closed in the green at Rs. 94.01, up by around 12.7 percent, as compared to its previous closing price of Rs. 83.42.
What’s the news:
The fluctuations in the share prices were observed after Hindustan Med Ventures Limited announced the financial results for Q3 FY25, through t recent filings with the stock exchange
For Q3 FY25, Hindustan Media Ventures reported revenue from operations of Rs. 197.5 crores, registering a significant growth of around percent QoQ from Rs. 172 crores in Q2 FY25, and a rise of about 8 percent YoY from Rs. 183 crores in Q3 FY24.
The company’s net profit for Q3 FY25 to Rs. 18 crores, representing growth of around 30.4 percent QoQ from Rs. 13.8 crores in Q2 FY25, and a significant turnaround from a loss of Rs. 0.82 crores in Q3 FY2
In addition, the company’s Board approved several investments, including up to Rs. 7.01 crore in Neema Consumer Global Private Limited, up to Rs. 21.02 crore in Atlanture Sports Private Limited, up to Rs. 31.22 crore in Lord’s Mark Industries Limited, and up to Rs. 6.01 crores in Cutting Edge Software Private Limited, through the subscription of equity shares or convertible equity-linked instruments.
Stock Performance:
The stock has delivered negative returns of nearly 6 percent in one year, as well as around 1 percent returns in six months. Similarly, the shares of Hindustan Media Ventures have given negative returns of about 0.2 percent in the last one month.
The company went public with an Initial Public Offering (IPO) of shares, aggregating Rs. 270 crores, and got listed on BSE & NSE on 21st July 2010.
About the Company:
Incorporated in 1918, Hindustan Media Ventures Limited (HMVL) is engaged in the business of publishing ‘Hindustan’, a Hindi Daily, along with running a digital over-the-top (OTT) platform with the name ‘OTT Play’.
Written by Shivani Singh
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