HT Media reported a net loss of Rs 21.48 crore for Q2FY20, a 42% reduction from Q2FY19 when the net loss was Rs 37.3 crore. The company’s consolidated total revenue increased by 2% to Rs 580 crore year-on-year. However, compared to the last quarter, HT Digital’s revenue fell to 18.92 crore from Rs 20.54 crore, but HT Media's Shobhana Bhartia said that the company's online recruitment portal, Shine, "has shown good progress and continues to grow". The company hasn't released numbers for Shine separately. The company's EBITDA (Earnings before interest, tax, depreciation and amortisation) more than doubled and grew by 139% YoY at Rs 47 crore during the quarter. Expenses decreased from Rs 379.9 crore in the same quarter last year to Rs 350.2 crore in this quarter. While the company managed to cut back on the cost of materials consumed, its depreciation expenses increased to Rs 30.4 crore from Rs 25.6 crore in Q1FY20. Please note that HT Media hasn't released ad-revenues for its digital verticals. Download: Financials | Investor Presentation
- Why did the Delhi High Court restrict use of Amitabh Bachchan’s image and voice? November 25, 2022
- Why did an Indian exchange, CoinDCX, publish its Proof of Reserves days after releasing its R2L ratio? November 25, 2022
- DPDP Bill, 2022 Has Received Good Response From Stakeholders: MeitY’s Ashwini Vaishnaw November 25, 2022
- Twitter Blocks Tweet of CJ Werleman’s YouTube Show Discussing Police Violence Against Indian Muslims November 25, 2022
- Unique Identification Authority of India (UIDAI) says verify Aadhaar as ID proof using QR November 25, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...