Hindustan Media Ventures Reports Q3 Profit, Invests in Sports Venture

Hindustan Media Ventures Ltd (HMVL) has announced its Q3 FY2024-25 results, reporting a consolidated revenue of ₹1.97 billion and a profit after tax of ₹179.9 million. The media company has also approved an investment of up to ₹210.2 million in Atlanture Sports, signaling a strategic expansion into the sports sector. This move is likely aimed at diversifying HMVL's portfolio beyond traditional media. The financial results demonstrate the company's resilience in a challenging media landscape, while the investment in Atlanture Sports suggests a forward-looking approach to capture new growth opportunities in the evolving entertainment and sports market.

Source: Hindustan Media Ventures Ltd Quarterly Results and Board Meeting Outcome, February 2025