Hindustan Media Ventures Reports Strong Quarter Performance and Announces Strategic Investment

Hindustan Media Ventures Ltd has released its financial results for the March quarter, reporting consolidated revenue from operations of 2.01 billion rupees. The company also posted a consolidated profit after tax of 454 million rupees, reflecting its stable financial performance. Additionally, the board has approved an investment of up to 77.1 million rupees in Vir Mobility, signaling a strategic move towards diversification.

Key financial highlights  
- Revenue from operations stood at 2.01 billion rupees for the March quarter  
- Consolidated profit after tax reached 454 million rupees, demonstrating steady profitability  
- The company continues to maintain a strong financial position, reinforcing investor confidence  

Strategic investment in Vir Mobility  
1. Hindustan Media Ventures has approved an investment of up to 77.1 million rupees in Vir Mobility  
2. The move aligns with the company’s broader strategy of exploring new business opportunities  
3. This investment is expected to enhance Hindustan Media Ventures’ portfolio and contribute to long-term growth  

Future outlook  
With a solid financial performance and a strategic investment decision, Hindustan Media Ventures Ltd remains focused on strengthening its market position. The company continues to explore avenues for expansion and innovation to drive sustainable growth.  

Sources: Moneycontrol, Hindustan Media Ventures Ltd official website, Bombay Stock Exchange.
 

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