Hindustan Media reports subdue Q4FY18 numbers

Hindustan Media Ventures consolidated revenue for the quarter came in at Rs. 202.21 crore, registering 13.7 per cent yoy decline.

The company's EBITDA for the quarter fell by 53.9 per cent yoy to Rs. 26.42 crore with a corresponding margin contraction of 1138 bps. EBITDA margin for the quarter stood at 13.1 per cent. Margin contraction was led by sharp increase in input cost in proportion to sales (43 per cent in Q4FY18 vs 34.7 per cent in Q4FY17).

The PAT for the quarter came in at Rs. 40.32 crore, yoy decline of 4.8 per cent. Increase in other income (Rs. 25.7 crore in Q4FY18 vs 16.7 crore in Q4FY17) restricted further decline in net profit.

Looking at full year numbers, the revenue declined 5.7 per cent yoy to Rs. 880 crore. EBITDA for the full year also dip 11.9 per cent yoy to Rs. 181 crore. Net profit for the period slide 7.5 per cent yoy to Rs. 175 crore.

The board of directors have recommended a dividend of Rs. 1.2 per equity share of face value of Rs. 10 each.

The stock of Hindustan Media Venture witnessed a beating post the weak quarterly numbers and fell almost 5 per cent in Wednesday’s trading session. At 10.27 a.m. the stock is trading at Rs. 225.5 per share, down by 2.7 per cent.