February 17, 2017 / 10:54 IST
Total revenue for the company grew by 4% YoY to Rs 501 cr while sequentially the revenue grew by 9%. Advertisement revenue for the company grew by 3.9% YoY to Rs 352 cr while the circulation revenue grew by 6.9% YoY to Rs 102.5 cr. Digital Advertisement revenue for the company grew by 83.7% YoY to Rs 6.5 cr.
Outlook
At CMP of Rs 187 per share the stock is trading at P/E and P/BV multiple of 13.2(x) and 3.0(x) respectively. We have valued the stock at P/E multiple of 15(x) to FY 18E and have arrived at fair value of Rs 213 per share. We have Accumulate rating for the stock.
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