Hindustan Media Ventures stock surges 12% after PAT rises 3-fold in Q1
Shares of Hindustan Media Ventures surged after the company reported a three-fold increase in net profit at Rs39.7cr in June quarter against Rs13.2cr in yoy basis.
However, revenue slipped 3.8% to Rs217.9cr against Rs226.56cr on yoy basis.
EBITDA increased 78.5% to Rs34.6cr vs. Rs19.4cr yoy.
The Board of Directors of the Company has recommended Dr Mukesh Aghi's reappointment, as Independent Non-Executive Director of the Company for the second term of 5 years w.e.f. April 1, 2020, until March 31, 2025.
However, revenue slipped 3.8% to Rs217.9cr against Rs226.56cr on yoy basis.
EBITDA increased 78.5% to Rs34.6cr vs. Rs19.4cr yoy.
The Board of Directors of the Company has recommended Dr Mukesh Aghi's reappointment, as Independent Non-Executive Director of the Company for the second term of 5 years w.e.f. April 1, 2020, until March 31, 2025.
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