The media company posted a net profit of ₹48 crore for the quarter, compared with ₹4 crore in the corresponding period last year.
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Shares of HT Media Ltd. surged as much as 18% on Wednesday, August 5, after the company reported an improvement in its June quarter earnings, aided by double-digit revenue growth and a turnaround in operating performance.
The media company posted a net profit of ₹48 crore for the quarter, compared with ₹4 crore in the corresponding period last year.
Revenue rose 11.1% year-on-year to ₹437.3 crore from ₹393.8 crore, while EBITDA turned positive at ₹30.4 crore against an EBITDA loss of ₹11.2 crore.
