Hindustan Media Ventures, the owner of newspaper Hindustan, is likely to report strong earnings in the quarter ended December 2013 on account of healthy advertisement growth and operational performance.
Net profit is expected to rise 24 percent year-on-year to Rs 26 crore and revenues may grow 14 percent to Rs 180 crore in the quarter gone by.
On the operational front, earnings before interest, tax, depreciation and amortisation is seen rising 54 percent to Rs 40 crore and operating profit margin may expand 570 basis points to 22 percent compared to corresponding quarter of last fiscal.
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