After posting a loss for two quarters, specialty media company CyberMedia has posted a net profit of Rs 0.23 crore for the quarter ended September 30,2014 (Q2-FY15). The company had posted a loss of Rs 1.12 crore in the same quarter last year and a loss of Rs 0.54 crore in the preceding quarter.
Operational income grew by 14.2% to Rs 16.35 crore for the quarter, from Rs 14.32 crore in the same period last year. On a quarterly basis, operational income grew by 30.56% from Rs 12.52 crore in the previous quarter.
Media Services Business: This revenue growth was driven by a significant 38.2% revenue increase in its media services business that reported revenues of Rs 11.22 crore for the quarter, from Rs 8.12 crore revenues in the same quarter last year.
The segment reported a net profit of Rs 0.58 crore for the quarter, as compared to 0.49 crore loss in the same quarter last year. It had reported a profit of Rs 0.21 crore in the preceding quarter.
Media Services business accounted for 67.4% of CyberMedia’s quarterly revenues, as compared to 51.4% in the same quarter last year and 64% contribution in the previous quarter.
CyberMedia Media Services business currently includes its IT & telecom research firm Cybermedia Research, content marketing agency TDA Group and media services firm Content Matrix that offer custom media solutions.
Media Business: Revenues from the media business however slid to Rs 5.44 crore for the quarter, down 28.93% from Rs 7.65 crore in the same quarter last year. On a quarterly basis, it grew by 18.2% from Rs 4.60 crore revenues.
The segment profits also declined to Rs 0.13 crore from Rs 0.76 crore in the same quarter last year. Media business accounted for 33.3% of CyberMedia’s quarterly revenues, as compared to 48.5% in the same quarter last year and 36% contribution in the previous quarter.
CyberMedia currently has 12 print properties and 30 online properties, including PCQuest, DQIndia,DQChannels, The DQ Week, Voice&Data, CIOL, GlobalServices and CyberAstro among others. CyberMedia had sold its life sciences-focused B2B brand BioSpectrum to trade show company MM Activ in September last year.
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