Hind Media

Hindustan Media Ventures Ltd (HMVL) is one of the leading print media companies engaged in the printing and publishing of ‘Hindustan’, and also publishes two Hindi magazines ‘Nandan’ and ‘Kadambini.’

The company witnessed a subdued quarter of revenue and bottomline with healthy gains from the festive season in October pared by reduction in media spends across sectors in the wake of de-monetisation. Growth was also impacted as last year’s numbers had the effect of the Bihar elections in the base.

Total revenue was status quo at Rs.252 crore and net profit showed a 7.5% (YoY) and 20% (QoQ) drop at Rs.44 crore. EBITDA was down 13% (YoY) due to HTDSL carve-out impact for the period Apr-Dec’16 (9months) being partially off-set by 3.8% decrease in raw material costs attributed to decrease in consumption. Interest cost was up 45% at Rs.4 crore.

The company is hopeful that Q4 would see a bounce back on the back of strong recovery in post-demonetisation era by driving both volume and yield across geographies. It also hopes to improve its earnings due to the ensuing UP elections.