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HT Media
For 2QFY2012, HT Media reported a modest performance on the revenue as well
as the profitability front. The company’s top line grew by 13.4% yoy to `489cr.
Recurring earnings grew by 11.6% yoy on account of high other income and a
significant decrease in tax rate. Key highlights for the quarter include – 1) overall
growth of ~15% yoy in advertising revenue, driven by ~12.5% yoy growth in
English and ~24% yoy growth in Hindi; however, sequentially, advertising revenue
growth in English was higher at 35.4%, while advertising revenue in Hindi grew by
~2.3% qoq, 2) a ~21% yoy/4.5 qoq increase in circulation revenue, 3) a ~11%
yoy jump and a ~27% qoq decline in radio revenue and 4) 125bp yoy OPM
contraction due to high other expenditure. A detailed note would be released
post the conference call with the management today. The stock is currently
under review.
Concall is scheduled on Monday, October 24, 2011 at 11.00 AM IST, dial in
numbers: 022 6629 0034, 022 3065 0034
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
HT Media
For 2QFY2012, HT Media reported a modest performance on the revenue as well
as the profitability front. The company’s top line grew by 13.4% yoy to `489cr.
Recurring earnings grew by 11.6% yoy on account of high other income and a
significant decrease in tax rate. Key highlights for the quarter include – 1) overall
growth of ~15% yoy in advertising revenue, driven by ~12.5% yoy growth in
English and ~24% yoy growth in Hindi; however, sequentially, advertising revenue
growth in English was higher at 35.4%, while advertising revenue in Hindi grew by
~2.3% qoq, 2) a ~21% yoy/4.5 qoq increase in circulation revenue, 3) a ~11%
yoy jump and a ~27% qoq decline in radio revenue and 4) 125bp yoy OPM
contraction due to high other expenditure. A detailed note would be released
post the conference call with the management today. The stock is currently
under review.
Concall is scheduled on Monday, October 24, 2011 at 11.00 AM IST, dial in
numbers: 022 6629 0034, 022 3065 0034
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