sector: Cyclical Consumer Goods & Services ·
industry: Publishing ·
As of
12:03pm IST
142.30INR
HT Media Limited is an India-based company. The Company publishes Hindustan Times, an English daily; Hindustan, a Hindi daily; Mint, a business paper daily except on Sunday, and two Hindi magazines, Kadambini and Nandan. Its business segments include news and radio. With effect from January 1, 2009, the Company acquired the radio business of its subsidiary, HT Music and Entertainment Company Limited, which is engaged in the business of providing entertainment, radio broadcast and all other related activities through its radio stations operating under the brand name Fever 104 in cities of Delhi, Mumbai, Kolkata and Bangalore. It derives revenue by displaying advertisements on its Websites www.hindustantimes.com and www.livemint.com. During the fiscal year ended March 31, 2009, the Company incorporated a subsidiary, HT Mobile Solutions Limited, for undertaking mobile marketing solutions. HT Mobile is a 65:35 joint venture between HT Digital Media Holdings Limited and Velti PLC.
BRIEF: For the fiscal year ended 31 March 2009, HT Media Limited's revenue increased 11% to RS13.8B. Net income decreased 99% to RS9.1M. Revenues reflect an increase in income from Printing & Publishing Segments, higher revenue from Radio Broadcast Segments respectively. Net income was offset by an increase in consumption of raw materials, higher employee costs, a rise in advertising & sales promotion expenses and higher depreciation expenses.
HT Media Ltd
Hindustan Times House
18-20, Kasturba Gandhi Marg
New Delhi 110 001
P: +9111.66561234
F: +9111.23704600