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Tag: HT Media

  • Hindustan Media Ventures Limited invests USD 5.5 million in Zvesta

    Hindustan Media Ventures Limited invests USD 5.5 million in Zvesta

    MUMBAI: Gurugram based, Zvesta, a proptech start-up has raised USD 5.5 million from Hindustan Media Ventures. Zvesta is a 360-degree comprehensive AI-powered real-estate solutions company which is innovatively designed for buyers, sellers, developers, builders and property agents. Zvesta shall utilise the raised capital to build its brand and collaborative marketing for real estate aggregation across the country. 

    Zvesta is a marketplace where all the stakeholders connect on a real time basis to make clear and transparent deals through SaaS based platform, which provides an altogether new visualization, technology controls, faster and more interactive user-interface as a property search engine. The platform provision options to Search, List, Advertise, Sell, Buy and renting out various properties under the respective category of Residential, Commercial, Plots  Land.

    In addressing the fund raiser, Zvesta founder and CEO Rajan Dang said, “The capital raised will be used to widen the builder alliances from 100 to 1000 and other partnerships across India strengthening through its technology product.  It will also be utilised to scale up the business by opening regional offices Jaipur (Rajasthan), Mumbai and Pune (Maharashtra), Bengaluru (Karnataka), Lucknow (Uttar Pradesh) as well and expansion of sales team.”

    According to Zvesta co-founder and CIO Anushree Srivastava said, “Collaboration is the call of the era in Real Estate. The synergy for all influx and exodus to any system is imperative. Citing an example at the airport if collaborative technology is not used at the Airport there would be total mismanagement of the consumer and air traffic. At Zvesta, to gain fulfilment of business for E-Mitras, Dept of Information Technology, Rajasthan, Other counters it is important to maintain transparency. Hence the flow of the transaction that captures consumer sentiments, Lead flow, sale closure that may not be handled, all directly by one stakeholder, hence imperative for collaboration through technology ZVESTA PRO”.

    In the words of HT Media Limited group CFO Piyush Gupta, “Zvesta’s real estate search engine and the database on which they are working is laying a foundation for homeowners, buyers, sellers, renters, real estate agents, landlords, and property managers to discover and maintain vital information about homes, real estate, transactions and home improvement”.

    The Target benefits significantly from a first-mover advantage domestically as other on-line real estate services.  Zvesta  is  taking  advantage  of  the  newly  established  governmental  Real  Estate  Regulatory Authority (RERA)  which regulates the real estate sector and compels all builders and developers to register their new and ongoing projects with it. Affordable housing has caught up, the government in order to focus on affordable housing has to mandate the use of technology to source all inventories and land parcels being allocated to each project. Likewise post built of the inventories the buy and sell should be made transparent.  

    Zvesta founders adorn the different cultures and professional backgrounds feel an instant connection with the Real Estate Community, given their shared sense of understanding and experience for maturing Zvesta to the next level in business. The company founders Rajan Dang, a multi-domain industry Leader in Banking, FMCG, Ecommerce & Real estate, and Anushree Srivastava, in past was Joint General Manager /  IT of IRCTC handling INR 5,000 Cr Revenue Portfolio, built SAAS platform and set up new revenue streams for the corporation who have a decade of experience working in the E-commerce and technology space.

  • Dentsu Impact bags digital mandate for HT Media’s Radio Biz

    Dentsu Impact bags digital mandate for HT Media’s Radio Biz

    MUMBAI: Dentsu Impact, the creative agency from Dentsu Aegis Network, has added another new mandate to its recently established Social Media Division, Dentsu Impact Digital. The agency has been awarded the digital mandate for all 3 radio businesses of the HT Media Group –  Fever FM, Radio Nasha and Radio One. The agency already handles the mainline creative work for the 3 brands, and with the consolidation of the digital mandate, the team looks at ensuring a stronger consolidation of the offline and online platforms for the brands. Interestingly, Dentsu Impact also handles the creative duties for Hindustan Times and Hindustan Hindi – the 2 leading dailies from the HT Media group.

    Speaking on the development, Rajan Bhalla, Chief Marketing Officer, HT Media said, “We have been associated with Dentsu Impact for a long time and have immense trust in the capabilities of the team. The agency’s forward-thinking approach in embracing the evolving market today, and the intent of giving us synergized solutions for digital and offline is something that helped us come to this decision. We hope to see some great work being rolled out soon.”

    Commenting on the appointment, Amit Wadhwa, President, Dentsu Impact said, “At Dentsu Impact, we have a clear vision of becoming a truly digitally enabled agency, and that was the thinking behind setting up our social media division. It is extremely encouraging to see clients embrace our vision and see the kind of value we bring in.  Our relationship with HT Media is an old one and one that we really cherish, and we are thankful to them for placing their trust in us once again.”

    Soumitra Karnik, CCO, Dentsu Impact added, “We live in a borderless world, where consumers continuously navigate between offline and online platforms. It has thus become even more important for brand narratives to be integrated and synergized across mediums, and this demands a new way of thinking. This is something that we as an agency have embraced and brought into our creative process. It will be very exciting for us to use our strong brand knowledge on Fever FM, Radio Nasha & Radio One, to create talk worthy ideas that will work across platforms.”

  • India Today Group CEO Vivek Khanna resigns

    India Today Group CEO Vivek Khanna resigns

    MUMBAI: India Today Group CEO Vivek Khanna has resigned, according to his letter dated 30 November 2018. The resignation was informed to the Bombay Stock Exchange on the same date stating that he plans to pursue other professional opportunities by the company. Khanna would serve his notice period as per his terms of appointment. Khanna joined India Today Group in November 2017.

    Khanna comes with over 25 years of experience in strategy, sales and marketing. Prior to India Today, Khanna was with Hindustan Media Ventures Limited, HT Media, Aviva and Hindustan Lever. An alumnus of IIM Ahmedabad, Khanna began his career with Hindustan Unilever and Aviva Life Insurance. He moved to HT Media in 2008. Since 2013 to 2017, he was the CEO of HMVL.

  • Enterr10 TV Network accelerates growth plans. Appoints Shrutish Maharaj as Chief Revenue Officer.

    Enterr10 TV Network accelerates growth plans. Appoints Shrutish Maharaj as Chief Revenue Officer.

    Enterr10 TV Network founded in 2008, has announced aggressive growth plans for its flagship channels Enterr10 TV, Dangal TV, Fakt Marathi and Bhojpuri Cinema with plans to launch two more specialized regional GECs in this financial year. While Dangal TV and Enterr10 TV are leading FTA Hindi GEC & Movie channels respectively, Bhojpuri Cinema and Fakt Marathi are leading cinema channels catering to the respective regional markets that contribute high viewership to the TV viewing universe.

    In pursuit of better focus, scale and efficiencies, the Network has decided to withdraw its Revenue mandate from the externalpartners and set up an in-house Sales team led by seasoned industry expert Shrutish Maharaj as Chief Revenue Officer from September end. Maharaj who will head the business for Dangal TV, Bhojpuri Cinema, Enterr10 TV and other media brands to be launched soon, comes with over 15 years of experience leading revenue teams at India Today, TV 18, HT Media, Times Network and UTV. He was most recently the Chief Sales Officer of Helios Media with the Revenue, Content & Back-End operations teams reporting in to him. At Enterr 10 TV, Maharaj is already in the process of setting up his team comprising Revenue Planning, Sales Strategy and Content Solutions, with a strength of 35-40 professionalsacross the 4 revenue hubs of Mumbai, Delhi, Bengaluru & Kolkata. He will be based out of Mumbai and report into Manish Singhal, Founder and Managing Director of Enterr10 TV Pvt Ltd.

    “At this critical growth juncture of the Network, it gives me great confidence to have an accomplished Revenue Leader like Shrutish taking the charge. Right Products paired with Right People are an unbeatable combination and with the exponential viewership growth all our brands have registered in the last year, we needed someone to convert the potential & promise into performance” said Manish Singhal.

    ”Shrutish Maharaj says, “I am thrilled to be a part of this competitive, dynamic and exciting space. All the channels of the group are at a crucial stage of their life cycle and ready to be catapulted into a deservedly giant growth trajectory, if backed with the right strategy and implementation. I look forward to being a propellant to Manish’s vision for the Network and to creating new benchmarks along the journey.”

    In the past 52 weeks as per BARC ratings, Dangal TV, Bhojpuri Cinema and Enterr10 have all registered between 80-100% growth in viewership. While Bhojpuri Cinema is a market leader, Dangal TV is handsomely poised at about 75-80 GRPs in the FTA GEC segment with Enterr10 TV consistently delivering 30-35 GRPs. Consistent with the appointment of a CRO, the Network exhibits commitment to the growth agenda by indicating significant investments in original content creation, market expansion by Distribution and brand promotions, with a new vigour.
     

  • HT Media hires Dentsu Impact

    HT Media hires Dentsu Impact

    MUMBAI: Dentsu Impact has won the creative duties for all brands from HT Media – including Hindustan Times, Hindustan (Hindi), Mint, Shine.com, HT Campus, Career Plus, Study Mate, English Mate and Bridge School of Management. With this move, Dentsu Impact becomes the prime strategic and communication partner for HT Media handling communication for all brands from the group, barring its radio brands Fever FM & Nasha FM, which are handled by Ogilvy & Mather.

    The HT Group, which has so far worked with multiple agencies for different brands, initiated a process of consolidating all the brands with one single agency sometime in November 2016. Post an exhaustive pitch process, in which some of the country’s top agencies participated, HT finally decided to award the duties to Dentsu Impact.

    HT Media groum CMO Rajan Bhalla said, “We wanted to move to a single partner for our diverse brand portfolio. Dentsu was already handling Hindustan, Mint and Shine.com and their team has done excellent work for the last few years, hence the decision to go with them.”

    Dentsu Impact presiden Amit Wadhwa said, “This is a big win for us and an important one. When a group like Hindustan Times decides to award its entire portfolio of brands to one agency, it shows the level of trust as well as spirit of partnership from both ends. We are extremely excited and are rearing to create some interesting work.”

    Dentsu Impact national creative director Soumitra Karnik added, “It’s a fabulous start to this year for us. Winning all the brands of HT group is something any creative agency would kill for. Along with this great news also comes great responsibility. We are quite committed to doing some great work on each brand.”

  • HT Media hires Dentsu Impact

    HT Media hires Dentsu Impact

    MUMBAI: Dentsu Impact has won the creative duties for all brands from HT Media – including Hindustan Times, Hindustan (Hindi), Mint, Shine.com, HT Campus, Career Plus, Study Mate, English Mate and Bridge School of Management. With this move, Dentsu Impact becomes the prime strategic and communication partner for HT Media handling communication for all brands from the group, barring its radio brands Fever FM & Nasha FM, which are handled by Ogilvy & Mather.

    The HT Group, which has so far worked with multiple agencies for different brands, initiated a process of consolidating all the brands with one single agency sometime in November 2016. Post an exhaustive pitch process, in which some of the country’s top agencies participated, HT finally decided to award the duties to Dentsu Impact.

    HT Media groum CMO Rajan Bhalla said, “We wanted to move to a single partner for our diverse brand portfolio. Dentsu was already handling Hindustan, Mint and Shine.com and their team has done excellent work for the last few years, hence the decision to go with them.”

    Dentsu Impact presiden Amit Wadhwa said, “This is a big win for us and an important one. When a group like Hindustan Times decides to award its entire portfolio of brands to one agency, it shows the level of trust as well as spirit of partnership from both ends. We are extremely excited and are rearing to create some interesting work.”

    Dentsu Impact national creative director Soumitra Karnik added, “It’s a fabulous start to this year for us. Winning all the brands of HT group is something any creative agency would kill for. Along with this great news also comes great responsibility. We are quite committed to doing some great work on each brand.”

  • Animated ‘Ramayana’ a global Diwali gift on web, mobile

    Animated ‘Ramayana’ a global Diwali gift on web, mobile

    NEW DELHI: Thirty episodes of the animated series Ramayana will be available around the world on the nexGTv web and mobile platforms during Diwali.

    This follows acquisition by nexGTv of the digital telecast rights from HT Media. With Diwali just around the corner, the content addition highlights nexGTv focus on delivering highly-relevant India-centric entertainment solutions to viewers around the world.

    The platform also recently tied up with several reputed content developers and media firms such as Culture Machine and Inavit Digital Pvt. Ltd. in order to add more diversity to its content library, already including 150+ Live TV channels, movies, shows and videos.

    nexGTv COO Abhesh Verma said, “With the festival fast approaching, our acquisition of the global digital rights to Ramayana could not have been timed better. We are confident that our viewers will be delighted with the latest addition, as they get a chance to relive the quintessential triumph of good over evil on-the-go through nexGTv.”

    Made available for seamless viewing across multiple devices and platforms, nexGTv viewers can watch 30 episodes of Ramayana as a part of its free content catalogue. The series can be accessed be either through www.nexgtv.com or through the nexGTv mobile app, available on both Android and iOS.

    With over 25 million downloads, nexGTv is the flagship, multi award-winning application from DigiVive. Offering unlimited and compelling entertainment across multiple devices (mobile, tablets or laptops/PCs), nexGTv offers its users an unrivalled suite of 150+ Live TV channels aside from a huge content library comprising movies, TV shows & videos for every mood. The app has won numerous awards including ‘The Best Digital Experience’ at the prestigious World Communication Awards 2014, in London, and is ranked amongst the Top Entertainment applications in app stores.

    DigiVive focuses on creating offerings in line with trends, with best-in-class content. Its partners include leading telecom operators and OEMs.

    nexGTv launched nexGTv Kids to curate and deliver the most entertaining and educative content meant especially for the kids aged between two and to 10 years. The platform’s exclusive news app, nexGTv News, has been launched as the go-to destination for mobile-based video news content aimed at revolutionizing the way news is currently consumed in the country through enhanced accessibility. Through its partnership with One Network Entertainment Pvt. Ltd (ONE), nexGTv has also launched the Comedy One, a first-of-its-kind comedy app having premium original comedy content ranging from stand-up, gags and spoofs to sketches and web-series. iFaith, nexGTv’s exclusive devotional app, will enable anytime, anywhere access to devotional content for nexGTv users. nexGTv has also launched nexGTv Yoga, which enables access to a host of videos on meditation, breathing techniques and yoga postures anytime, anywhere. The nexGTv Movies n Music app has been launched specifically for movie and music buffs around the world, and boasts of a library comprising nearly 2500 movies including titles such as Singham Returns, Holiday, Ragini MMS 2, Buddha In A Traffic jam, Dirty Politics and many more. The company has rolled out My nexGTv, a wrapper/aggregator tool that allows users to manage, install and access multiple nexGTv apps such as nexGTV Kids, nexGTV Yoga, nexGTV News and nexGTV Comedy One etc through one consolidated platform.

    nexGTv has partnered with leading channels such as B4U, 9X Jalwa, Tashan, B4U Music, M Tunes and 9XM Music to showcase high-quality entertainment solutions on its platform. Meanwhile, its partnership with India’s leading digital media firm, Culture Machine, will enable access to various digital channels like Being Indian, Put Chutney, Blush, Epified, What’s Trending India, Whack, Old Delhi Films, Rascalas, Vendhar TV etc to its viewers. Moving towards international web series content, the platform has acquired the digital telecast rights to UK-based Daehan Drama’s popular comedy web series, At the Counter, as well as its French-Chinese web series, Ex-Model, in order to diversify its offerings with high-quality international content.

    SPOTLight, India’s first mobile talent discovery platform, has been introduced by nexGTv with ace director Imtiaz Ali as the creative judge, as a medium to enable both amateurs and professional video enthusiasts to not only showcase their talent pan-India, but also earn off it. nexGTv also unveiled an original 14-part mobi-series in association with Priyanka Chopra and Fluence, ‘It’s My City’, in order to provide relatable and engaging video entertainment content to the country’s new-age digital viewership. In her inimitable style, Priyanka Chopra appears in and as herself, assuming the mantle of an official landlady, unofficial guardian and protective friend to the young protagonists.

  • Animated ‘Ramayana’ a global Diwali gift on web, mobile

    Animated ‘Ramayana’ a global Diwali gift on web, mobile

    NEW DELHI: Thirty episodes of the animated series Ramayana will be available around the world on the nexGTv web and mobile platforms during Diwali.

    This follows acquisition by nexGTv of the digital telecast rights from HT Media. With Diwali just around the corner, the content addition highlights nexGTv focus on delivering highly-relevant India-centric entertainment solutions to viewers around the world.

    The platform also recently tied up with several reputed content developers and media firms such as Culture Machine and Inavit Digital Pvt. Ltd. in order to add more diversity to its content library, already including 150+ Live TV channels, movies, shows and videos.

    nexGTv COO Abhesh Verma said, “With the festival fast approaching, our acquisition of the global digital rights to Ramayana could not have been timed better. We are confident that our viewers will be delighted with the latest addition, as they get a chance to relive the quintessential triumph of good over evil on-the-go through nexGTv.”

    Made available for seamless viewing across multiple devices and platforms, nexGTv viewers can watch 30 episodes of Ramayana as a part of its free content catalogue. The series can be accessed be either through www.nexgtv.com or through the nexGTv mobile app, available on both Android and iOS.

    With over 25 million downloads, nexGTv is the flagship, multi award-winning application from DigiVive. Offering unlimited and compelling entertainment across multiple devices (mobile, tablets or laptops/PCs), nexGTv offers its users an unrivalled suite of 150+ Live TV channels aside from a huge content library comprising movies, TV shows & videos for every mood. The app has won numerous awards including ‘The Best Digital Experience’ at the prestigious World Communication Awards 2014, in London, and is ranked amongst the Top Entertainment applications in app stores.

    DigiVive focuses on creating offerings in line with trends, with best-in-class content. Its partners include leading telecom operators and OEMs.

    nexGTv launched nexGTv Kids to curate and deliver the most entertaining and educative content meant especially for the kids aged between two and to 10 years. The platform’s exclusive news app, nexGTv News, has been launched as the go-to destination for mobile-based video news content aimed at revolutionizing the way news is currently consumed in the country through enhanced accessibility. Through its partnership with One Network Entertainment Pvt. Ltd (ONE), nexGTv has also launched the Comedy One, a first-of-its-kind comedy app having premium original comedy content ranging from stand-up, gags and spoofs to sketches and web-series. iFaith, nexGTv’s exclusive devotional app, will enable anytime, anywhere access to devotional content for nexGTv users. nexGTv has also launched nexGTv Yoga, which enables access to a host of videos on meditation, breathing techniques and yoga postures anytime, anywhere. The nexGTv Movies n Music app has been launched specifically for movie and music buffs around the world, and boasts of a library comprising nearly 2500 movies including titles such as Singham Returns, Holiday, Ragini MMS 2, Buddha In A Traffic jam, Dirty Politics and many more. The company has rolled out My nexGTv, a wrapper/aggregator tool that allows users to manage, install and access multiple nexGTv apps such as nexGTV Kids, nexGTV Yoga, nexGTV News and nexGTV Comedy One etc through one consolidated platform.

    nexGTv has partnered with leading channels such as B4U, 9X Jalwa, Tashan, B4U Music, M Tunes and 9XM Music to showcase high-quality entertainment solutions on its platform. Meanwhile, its partnership with India’s leading digital media firm, Culture Machine, will enable access to various digital channels like Being Indian, Put Chutney, Blush, Epified, What’s Trending India, Whack, Old Delhi Films, Rascalas, Vendhar TV etc to its viewers. Moving towards international web series content, the platform has acquired the digital telecast rights to UK-based Daehan Drama’s popular comedy web series, At the Counter, as well as its French-Chinese web series, Ex-Model, in order to diversify its offerings with high-quality international content.

    SPOTLight, India’s first mobile talent discovery platform, has been introduced by nexGTv with ace director Imtiaz Ali as the creative judge, as a medium to enable both amateurs and professional video enthusiasts to not only showcase their talent pan-India, but also earn off it. nexGTv also unveiled an original 14-part mobi-series in association with Priyanka Chopra and Fluence, ‘It’s My City’, in order to provide relatable and engaging video entertainment content to the country’s new-age digital viewership. In her inimitable style, Priyanka Chopra appears in and as herself, assuming the mantle of an official landlady, unofficial guardian and protective friend to the young protagonists.

  • FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    BENGALURU: HT Media Limited (HT Media) reported 9.6 cent growth in Total Income from Operations (TIO) for the fiscal ended 31 March 2016 (FY-16, current quarter) as compared to FY-15. The company’s radio segment which operates under the brand Radio Fever reported 17.7 percent growth in operating revenue in the current year as compared to the previous year.

    HT Media reported TIO in FY-16 of Rs 2,500.80 crore as compared to 2,281.52 crore in FY-15. Its radio segment reported operating revenue of Rs 116.96 crore (4.7 percent of TIO) in FY-16 as compared to Rs 99.38 crore (4.4 percent of TIO) in the previous year.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    HT Media reported 1.7 percent decline in profit after tax (PAT) of Rs 214.21 crore (8.6 percent PAT margin) in FY-16 as compared to Rs 218.75 crore (9.5 percent PAT margin)

    Operating profit (EBIDTA) in the current year increased 6 percent to Rs 462.20 crore (17.4 percent EBIDTA margin) from Rs 436.06 crore (17.7 percent margin) in the previous year.

    Advertising revenue in FY-16 increased 7.5 percent to Rs 1,980.9 crore from Rs 1,843.6 core in the previous year.

    Circulation revenue in the current year increased 5.6 percent to Rs 300.09 crore from Rs 284.8 crore in FY-15.

    Other revenue increased 13.5 percent in FY-16 to Rs 373.3 crore from Rs 328.9 crore in FY-15.

    Segment revenue

    Printing and Publishing of Newspapers and Periodicals (Printing) segment reported 7.7 percent growth in operating revenue at Rs 2,239.71 crore in the current year from Rs 2,080.15 crore in FY-15. The segment’s operating profit increased 21.2 percent in FY-16 to Rs 329.69 crore from Rs 272.01 crore in the previous year.

    HT Media’s radio segment revenue has been mentioned above. The segment reported a 31.2 percent decline in operating profit due to the launch of a new radio station. Operating profit in FY-16 was Rs 20.10 crore as compared to Rs Rs 29.21 crore in the previous year.

    Digital segment reported 35.1 percent growth in FY-16 to Rs 140.32 crore from Rs 103.90 crore in FY-15.

    The Board of Directors at their meeting on May 26, 2016 have recommended a dividend of Rs. 0.40 per equity share of Rs. 2 each; translating to 20% of face value.  Dividend for the year amounted to Rs. 13 crore million (including Dividend Distribution Tax).

    Company speak

    HT Media chairperson and editorial director Shobana Bhartia said, “All our businesses grew in the quarter and we are happy to close the year on a positive note. The Hindi business outperformed the market and we witnessed the return of growth in the English business”

    Our new businesses are doing well. HT Mumbai has established itself as a clear alternative in India’s commercial capital. We launched Radio Nasha 107.2 in Delhi, becoming the only radio business in the region with two stations. Our digital business showed significant revenue growth and has reduced its losses.”

    “This year is rich with opportunities to expand our reach and offerings. We believe we are well placed to tap these and that our innovative strategies, prudent and timely investments, and world-class execution will continue to differentiate us from the competition”

  • FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    FY-16: HT Media revenue up 9.6 percent, radio revenue up 17.7 percent

    BENGALURU: HT Media Limited (HT Media) reported 9.6 cent growth in Total Income from Operations (TIO) for the fiscal ended 31 March 2016 (FY-16, current quarter) as compared to FY-15. The company’s radio segment which operates under the brand Radio Fever reported 17.7 percent growth in operating revenue in the current year as compared to the previous year.

    HT Media reported TIO in FY-16 of Rs 2,500.80 crore as compared to 2,281.52 crore in FY-15. Its radio segment reported operating revenue of Rs 116.96 crore (4.7 percent of TIO) in FY-16 as compared to Rs 99.38 crore (4.4 percent of TIO) in the previous year.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    HT Media reported 1.7 percent decline in profit after tax (PAT) of Rs 214.21 crore (8.6 percent PAT margin) in FY-16 as compared to Rs 218.75 crore (9.5 percent PAT margin)

    Operating profit (EBIDTA) in the current year increased 6 percent to Rs 462.20 crore (17.4 percent EBIDTA margin) from Rs 436.06 crore (17.7 percent margin) in the previous year.

    Advertising revenue in FY-16 increased 7.5 percent to Rs 1,980.9 crore from Rs 1,843.6 core in the previous year.

    Circulation revenue in the current year increased 5.6 percent to Rs 300.09 crore from Rs 284.8 crore in FY-15.

    Other revenue increased 13.5 percent in FY-16 to Rs 373.3 crore from Rs 328.9 crore in FY-15.

    Segment revenue

    Printing and Publishing of Newspapers and Periodicals (Printing) segment reported 7.7 percent growth in operating revenue at Rs 2,239.71 crore in the current year from Rs 2,080.15 crore in FY-15. The segment’s operating profit increased 21.2 percent in FY-16 to Rs 329.69 crore from Rs 272.01 crore in the previous year.

    HT Media’s radio segment revenue has been mentioned above. The segment reported a 31.2 percent decline in operating profit due to the launch of a new radio station. Operating profit in FY-16 was Rs 20.10 crore as compared to Rs Rs 29.21 crore in the previous year.

    Digital segment reported 35.1 percent growth in FY-16 to Rs 140.32 crore from Rs 103.90 crore in FY-15.

    The Board of Directors at their meeting on May 26, 2016 have recommended a dividend of Rs. 0.40 per equity share of Rs. 2 each; translating to 20% of face value.  Dividend for the year amounted to Rs. 13 crore million (including Dividend Distribution Tax).

    Company speak

    HT Media chairperson and editorial director Shobana Bhartia said, “All our businesses grew in the quarter and we are happy to close the year on a positive note. The Hindi business outperformed the market and we witnessed the return of growth in the English business”

    Our new businesses are doing well. HT Mumbai has established itself as a clear alternative in India’s commercial capital. We launched Radio Nasha 107.2 in Delhi, becoming the only radio business in the region with two stations. Our digital business showed significant revenue growth and has reduced its losses.”

    “This year is rich with opportunities to expand our reach and offerings. We believe we are well placed to tap these and that our innovative strategies, prudent and timely investments, and world-class execution will continue to differentiate us from the competition”