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  • The Quint records revenue of Rs 11.79 cr for Q2 FY23

    The Quint records revenue of Rs 11.79 cr for Q2 FY23

    Mumbai: Quint Digital Media (QDML) has published its standalone and consolidated results for the quarter and a half that ended on 30 September 2022.

    On a quarterly basis, the total revenues of the company for Q2 FY23 (September 22) stood at Rs 11.79 crore, recording a growth of eight per cent on a quarter-on-quarter (QoQ) basis. 

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    The company mentioned double-digit growth of 17 per cent over Q2 FY22. While earnings before interest, taxes, depreciation, and amortisation (Ebitda) increased by 50 per cent to Rs 5.54 crore (Q1 FY23 at Rs 3.62 crore), profit after tax increased by 150 per cent over Q1 FY23.

    The Quint maintained strong momentum in Q2 and anticipates continued strong business momentum in Q3 of FY23.

    Total revenues for H1 FY23 (September 2022) were recorded at Rs 22.51 crore vs. Rs 16.91 crore for H1 FY22 (September 2021). Ebitda increased by 30 per cent to Rs 9.15 crore (H1 FY22 at Rs 6.86 crore). PAT increased by more than 20 per cent to Rs 2.83 crore.

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    QDML recorded consolidated total operating revenues of Rs 19.73 crore, a growth of 37 per cent over the previous year (consolidated operating revenues stood at Rs 14.39 crore in Q2 FY22).

    Quintype, a SAAS-based media-tech company, increased revenues by 160 per cent or more to Rs 5.21 crore (up from Rs 1.97 crore in Q1 FY22). Half-yearly revenues stood at Rs 9.57 crore, an increase of 160 per cent over H1 FY22.

    The losses on a consolidated basis (attributable to QDML; net of non-controlling interest) witnessed a reduction of more than 25 per cent over the previous year. The transaction for the divestiture of a 49 per cent stake in BQPRIME is expected to be completed in Q3 FY23, which will lead to a further reduction in the losses attributable to QDML.

    The company is expecting to complete the rights issue in Q3 FY23; the proceeds of the rights issue and consideration of the divestiture of a 49 per cent  stake in BQPRIME will provide the company with significant cash reserves and further boost overall profitability. 

    The audience footprint across the websites and digital platforms (including Facebook, Instagram, YouTube, Twitter, Snapchat, etc.) continued its strong momentum in the quarter. Some of the key data points, aggregated across the websites and digital platforms, are given below: 

  • YAAP creates stirring tribute to the spirit of independent agencies in India

    YAAP creates stirring tribute to the spirit of independent agencies in India

    MUMBAI: In the wake of the Covid2019 crisis that has affected countless lives and crippled industries in ways that we could have never imagined, unity with a sense of collaboration and staying high-spirited have become more important than ever. 
    Echoing the same sentiment, digital content company, YAAP has released a stirring tribute dedicated to independent agencies and their workforce, who have had to show immense strength and resilience in the face of adversity.
    The video, which was published on YAAP’s social media pages, is an acknowledgment of their struggles as well as a symbol of solidarity for the advertising and communications industry at large, in these trying times. 

    The tribute draws inspiration from the iconic ‘Here’s to the crazy ones’
    advertisement and uses this iconic advertisement to pay respects to the people working hard behind the scenes.

    In their pursuit of paying respect to independent agencies and extending their support for the industry, YAAP is giving preference to those who have been displaced, by offering them a role in the organisation.

    YAAP creative director Manoj Pandey explained his process, “While we’re faced with the larger crisis as humanity, we, as a community of independent agencies, also have a set of day-to-day realities to deal with. Keeping the lights on, delivering work for our
    clients with minimum disruption, and most importantly, keeping everyone inspired. At this juncture, we felt, this needed to be said – we’re all in this together and we’ll all sail through it too. This film is an ode to the unflinching spirit of independent agencies. A homage that draws inspiration from one
    of the most iconic works in the history of advertising.”

    In supporting their fellow independent agencies, YAAP has also released a series of recruitment ads, which themselves are an ode to the signature, old-school copy-based ads with a contemporary splash of colour. The ads urge professionals who have fallen victim to mass retrenchment across
    independent agencies to apply and get preference at YAAP.

    Partner at YAAP Manan Kapur said, “This has been a challenging time for our industry and it’s more important than ever that we come together and try to make the best of these testing times. This initiative is YAAP’s way of supporting the talented professionals who have lost their jobs by offering them the opportunity to come work with us. We want to show them that while YAAP may be a new home for them, they’re still in the same family – a family of passionate, like-minded people from independent agencies.”

    This film was created in collaboration with KSlient Productions.