HT Media surges 5% after Q1FY18 results
DSIJ Intelligence / 18 Jul 2017
The company's total sales for Q1FY18 came in at Rs 599 crore, which represents a 2.3 per cent sequential increase and 2.5 per cent YoY decline.
HT Media reported its results for the quarter ended June 30, 2017 today.
The company's total sales for Q1FY18 came in at Rs 599 crore, which represents a 2.3 per cent sequential increase and 2.5 per cent YoY decline.
Its operating profit (EBIT) for the quarter amounted to Rs 47.9 crore and its EBIT margin stood at 8 per cent.
The company reported PAT of Rs. 57.7 crore, which represents a sequential QoQ increase of 31.4 per cent and a YoY increase of 47.2 per cent.
HT Media is engaged in printing and publication of newspapers and periodicals in India. The company business segments include printing and publishing of newspapers and periodicals, radio broadcast and entertainment and digital media.
The stock opened at Rs.83 on the BSE and touched an intra-day high and low of Rs.89.20 and Rs.82.90, respectively.