wordpress blog stats
Connect with us

Hi, what are you looking for?

HT Media Internet Revenues At Rs. 20 M For Q1-11; School On Web

For the quarter ended June 2010, HT Media’s Internet business Firefly eVentures (under which are jobs classifieds site Shine.com and social networking portal DesiMartini.com) has experienced a 30% fall in revenues to Rs. 20 million from Rs. 28.6 million in the previous quarter. The segment’s EBITDA losses have reduced year on year to Rs. 87.4 million, but are again up sequentially. The sequential decline in performance is understandable: Firefly business is dominated by the Shine.com, and job classifieds tend to do well in Q4, as HR departments spend the remainder of their hiring budgets.

Shine.com crossed 5 million registered users in the quarter. Mint forayed into Gujarat with the launch in Ahmedabad on July 13.

HT Media’s annual report for the full year ended March 31st 2010 also has details of the financial performance of three digital businesses of HT Media: Firefly, HT Mobile (in which HT Media owns 65%) and their holding company HT Digital. During the year, Firefly faced a challenge from a petition from creditors, in the form of a winding up petition, alleging non-payment of certain dues. The matter was settled. While we’ve reported the details for Firefly e-Ventures before, it’s interesting to note that HT Mobile, the joint venture between Velti Plc and HT Media, reported a turnover of Rs. 11.93 million, and a loss after tax of Rs. 16.92 million.

Download: Release | FinancialsPresentationFY10 Annual Report

School On Web

HT Media bought a 23% stake in School On Web Pvt Ltd for Rs. 25 million, according to its annual report. No further details were available in the report, but searching online, we found revealed School Onweb to be a website design software package for educational institutions. It was developed by Quibus Technologies, a venture of Jaipur-based Guru Interactive Web Solutions.

As we’d reported earlier, HT Media launched HTCampus.com, an online portal for students.

Advertisement. Scroll to continue reading.

HT Media Q1 FY2011 Results

Net consolidated revenues grew 20% year on year to Rs. 4,042.1 million with a boost in ad revenues, which have grown 22% to Rs. 3,286 million from Rs. 2,694 million year on year. Circulation revenue has stepped up to Rs. 468 million.

Revenue growth from the radio business Fever 104 has decelerated to 39% to Rs. 123 million. Its EBITDA is at Rs. 11 million, compared to a negative EBITDA of Rs. 14 million last year.

The consolidated EBITDA margins expanded to 21% at Rs. 857 million from 19% at Rs. 644 million in the corresponding quarter last year. Net profit margins have expanded to 10% from 8% thanks to lower newsprint prices and increasing contribution from radio segment and Firefly. EPS for the company stood at Rs. 1.76 compared to Rs. 1.22 in the quarter ended June 2009. Its net debt is at Rs. 700 million.


Advertisement. Scroll to continue reading.

HT’s Hindi business subsidiary Hindustan Media Ventures Limited was listed on the bourses after recording sharp growth, with consolidated revenues growing 20% to Rs. 1,328 million in the quarter.

Highlights of the issue: 16.27 million shares were issued at Rs. 166 per share; the issue was over subscribed 4.89 times. Its proceeds will be used to set up new publishing units, upgrade existing plant and machinery in U.P., Bihar & Jharkhand as well as to prepay long term loans taken by the company.

Investments In The Quarter

The parent company invested Rs. 80 million in CCDs in HT Digital Media Holdings and Rs. 150 million in HT Burda Media, its joint venture with Burda Druck of Germany, which started commercial third party printing and pre-press work in March 2010.


Advertisement. Scroll to continue reading.

HT Media Launches Education Portal HTCampus.com
HT Media Seeks To Update MoA; Advertising Agent, Digital
HT Media: Education Portal; Cap Of Rs. 30-35Cr EBITDA Loss Per Year For Internet Investments

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...


Releasing the policy is akin to putting the proverbial 'cart before the horse'.


The industry's growth is being weighed down by taxation and legal uncertainty.


Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ