HT Media turns red with Rs 167.75 crore loss in Q2; revenue rises 10.6% YoY to Rs 409 crore
However, its revenue from operations rose 10.66 per cent to Rs 409.25 crore during the quarter under review against Rs 369.82 crore in the corresponding period of the previous fiscal.
HT Media Q1 Results: Net loss narrows to Rs 41.80 crore
HT Media Chairperson and Editorial Director Shobhana Bhartia said the first quarter of FY 2022-23 began on a positive note with a strong performance in the previous fiscal year, with overall business performance and the larger economic and business environment seeing considerable improvement, especially in the latter half of the fiscal.
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HT Media Q4 results: Co reports net profit at Rs 19 crore
Revenue from operations was down 24.9 per cent to Rs 349 crore during the period under review as against Rs 465 crore in March 2020 quarter, HT Media said in a regulatory filing.
HT Media's total expenses were at Rs 504.19 crore in Q4 FY2019-20, down 20.45 per cent from Rs 633.84 crore in the corresponding quarter a year earlier.
Coronavirus lockdown: Radio listenership increases by 23% : Study
The study, commissioned by the Association of Radio Operators for India (AROI), also said radio industry has witnessed a listenership of 51 million people, which is nearly as much as television's reach of 56 million and social media's reach of 57 million.