Hindustan Media Ventures posts Q3 net loss of Rs 0.88 cr

Hindustan Media Ventures Ltd (HMVL) on Wednesday reported a consolidated loss after tax of Rs 0.88 crore for the third quarter ended on December 2023. The company had posted a net loss after tax of Rs 0.69 crore in the October-December period a year ago, according to a regulatory filing by HMVL, the publisher of Hindi daily Hindustan. However, its revenue from operations marginally grew to Rs 182.95 crore in the December quarter. It was Rs 181.57 crore in the corresponding period a year ago. In the December quarter, the total expenses of HMVL were at Rs 208.38 crore, down 1.58 per cent. Shares of Hindustan Media Ventures Ltd settled 2.79 per cent lower at Rs 100.71 apiece.