Quint Digital Media Limited (QUINT, BSE 539515), India’s leading digital media company and only new-age digital-first news operator listed on an Indian stock exchange, published its results for the quarter ended June 30, 2021 (Q1) today.
Highlights of financial performance:
- THE QUINT completed one full year of operations as a listed entity and recorded revenues of INR 24+ Cr. In addition, during the same period, it recorded an EBITDA of INR 7+ Cr.
- The Company saw a strong Q1 FY22 (June 21) performance with the revenues shooting up by 106 % as compared with corresponding first quarter -Q1 FY21 (June 20).
- The quarter also saw the Company continue its earnings with an EBITDA level of INR 2.36 Cr. It is a complete upturn in performance compared with the corresponding first quarter – Q1 FY21 (June 20) which saw an EBITDA level of INR (3.16) Cr.
- Post the approval of the shareholders at the 36th Annual General Meeting, the Company appointed M/s. Walker Chandiok & Co LLP, Chartered Accountants, as the Statutory Auditors till the conclusion of the 41st Annual General Meeting.
| Particulars | Q1 – June 30, 2021 | Q1 – June 30, 2020 | 12 months (July 1, 2020 – June 30, 2021) |
| Revenue from Operations | 63,939 | 31,046 | 244,191 |
| Other Income | 4,156 | 3,287 | 7,566 |
| Total Income | 68,095 | 34,333 | 251,757 |
| Employee benefit expenses | 21,782 | 40,084 | 83,940 |
| Finance cost | 2,697 | 1,672 | 10,097 |
| Depreciation and amortization expense | 14,276 | 2,331 | 37,491 |
| Other expenses | 22,733 | 25,842 | 91,644 |
| Total Expenses | 61,488 | 69,929 | 223,172 |
| Exceptional Items | – | 5,736 | |
| Profit before tax | 6,607 | (35,596) | 22,848 |
| Tax expenses | 1,704 | 47 | 899 |
| Profit after tax | 4,903 | (35,643) | 21,949 |