Noida, Uttar Pradesh, India
Quint Digital Limited (QDL) (QUINT, BSE 539515), India’s main multi-brand digital and media-tech group — being the one new-age digital media and know-how participant listed on an Indian inventory alternate — printed its standalone and consolidated outcomes for the quarter and half yr ended September 30, 2023.
Quint Digital Limited (QDL), Quintillion Media Limited (“QML”) and Quintillion Business Media Limited (“QBML”) entered right into a binding share buy settlement with AMG Media Networks Limited to divest the remaining 51% stake in QBML for a gross sales consideration of INR 52+ crores. The completion of the disinvestment of QBML will result in de-consolidation of associated losses, and the group will swing to consolidated profitability.
The Quint’s standalone revenues for Q2FY24 grew by 11% to INR 13.06 crores; Q2FY23 revenues stood at INR 11.79 crores. Quintype continued as probably the most profitable sector for the group — revenues elevated by 30%+ to INR 7 crores in Q2FY24; Q2FY23 revenues stood at 5.35 crores.
Consolidated revenues for H1FY24 stand at INR 45.52 crores — a development of 17%+ over H1FY23.
The viewers footprint throughout the web sites and digital platforms — together with Facebook, Instagram, YouTube, Twitter, Snapchat and so on. — continued its sturdy momentum within the quarter. The digital properties had almost 23+ million subscribers/followers throughout numerous platforms on the finish of Q2FY24.