HT Media is expected to report a whopping 56 percent growth in profit at Rs 40 crore in June quarter against Rs 35 crore in year-ago quarter, backed by operational income.
According to average of estimates of analysts polled by CNBC-TV18, however, revenue may fall 1 percent to Rs 606 crore from Rs 614 crore YoY.
Operating profit may increase 21 percent year-on-year to Rs 77.6 crore and margin may expand 300 basis points to 13 percent in the quarter gone by.
Key things to watch out for:-
> Print advertising revenue is expected to decline 5 percent YoY, impacted by decline English ad and slower growth in Hindi revenue
> English advertising revenue is expected to decline 12 percent YoY
> Digital/radio revenue is expected to grow by 10/15 percent YoY
> Raw material cost may decline 13.1 percent YoY
> The company may see benefits of cost optimisation efforts with shut down of few English editions and other factors
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