HT Media's first quarter consolidated net profit grew by 16.80 percent year-on-year and 18.5 percent quarter-on-quarter to Rs 47.49 crore. Other income of the company increased during the quarter while finance cost and tax expenses declined.
Consolidated income from operations jumped 8.3 percent Q-o-Q and 10 percent Y-o-Y to Rs 532.23 crore in June quarter.
Consolidated results included numbers from 13 subsidiaries including Hindustan Media Ventures and one joint venture named India Education Services Private Limited.
Meanwhile, other income increased to Rs 27.56 crore in Q1FY14 from Rs 24.68 crore in Q4FY13 and Rs 20.93 crore Q1FY13.
Finance cost rose to Rs 13.75 crore in during the quarter from Rs 13.54 crore in previous quarter and Rs 10.32 crore in a year ago period.
Tax expenses jumped to Rs 18.35 crore in June quarter from Rs 16.66 crore in March quarter and Rs 12.85 crore in corresponding quarter of last fiscal.
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