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Last Updated : Jul 17, 2018 05:03 PM IST | Source: PTI

HMVL Q1 net falls 72.48% to Rs 13.2 cr

The company's total income for the quarter declined by 10.40 percent to Rs 234.65 crore from Rs 261.89 crore in the year-ago period, HMVL said in a BSE filing.

 
 
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Hindustan Media Ventures Ltd (HMVL) today reported a 72.48 percent fall in standalone net profit at Rs 13.2 crore for the quarter ended June 30, 2018. The company had posted a net profit of Rs 47.98 crore in the same quarter a year ago.

The company's total income for the quarter declined by 10.40 percent to Rs 234.65 crore from Rs 261.89 crore in the year-ago period, HMVL said in a BSE filing.

Total expenses in the quarter under review stood at Rs 216.39 crore, up 11.77 percent, as against Rs 193.6 crore reported a year ago.

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HMVL is into printing and publication of newspapers and periodicals, including Hindi daily Hindustan.

The company's stock was trading 6.44 percent lower at Rs 184.50 apiece on the BSE.

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First Published on Jul 17, 2018 03:40 pm
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