HT Media's Turnaround: Profits Climb As Digital Soars

HT Media Ltd reported a reduced net loss of Rs 6.33 crore for the September quarter compared to Rs 56.95 crore the previous year. The company saw a revenue increase driven by digital growth, with Chairperson Shobhana Bhartia highlighting efficient pricing, cost management, and a favorable business climate.

HT Media Ltd reported a significant improvement in its financial results for the September quarter, posting a substantially reduced consolidated net loss of Rs 6.33 crore compared to Rs 56.95 crore a year ago.

The company's revenue from operations grew by 7.55% to reach Rs 423.75 crore, benefitting from a robust increase in digital revenue, despite a slight decrease in radio broadcasting earnings. According to HT Media Chairperson Shobhana Bhartia, the second quarter reflected the company's strategic pricing, cost management, and operational efficiency initiatives.

Looking ahead, HT Media is focusing on capitalizing on the burgeoning market activities during the festive season. The company aims to enhance the audience experience and innovate its offerings to advertisers across its business verticals. Shares of HT Media closed at Rs 24.42 on the BSE, down marginally by 0.33%.

(With inputs from agencies.)