HT Media reports Rs 38.83 crore loss in Q2

Its total income during the quarter under review stood at Rs 566.24 crore, as against Rs 596.95 crore in the corresponding quarter of previous fiscal.

HT Media Saturday reported a consolidated net loss of Rs 38.83 crore for the second quarter ended September 2018.

The company had posted a net profit of Rs 76.68 crore in the July-September quarter a year ago, HT Media said in a BSE filing.

Its total income during the quarter under review stood at Rs 566.24 crore, as against Rs 596.95 crore in the corresponding quarter of previous fiscal.

HT Media's total expenses stood at Rs 591.85 crore, in the second quarter of this financial year.

The company reported an exceptional loss of Rs 23.90 crore during the July-September quarter of this year.

During the quarter, HT Media's revenue from 'Printing & Publishing of Newspapers & Periodicals' was at Rs 447.57 crore and Rs 46.61 crore from Radio Broadcast & Entertainment.