Matribhumi Samachar English
Quint Digital Limited (“QDL“) (QUINT, BSE 539515), Indias leading multi-brand digital and media-tech group – being the only new-age digital media and technology player listed on the Indian stock exchange – published its standalone and consolidated results for the quarter and nine months ended December 31, 2023.
QDL completed the sale of the remaining 51% stake in loss-making Quintillion Business Media to AMG Media for INR 52.45 crores.
Post divestment of Quintillion Business Media, QDL achieved profitability; consolidated PBT for Q3FY24 stood at INR 2.04 crores; a positive swing of 130+% over Q3FY231. Consolidated PBT for 9 months ended December 31, 2023, stood at INR 5.71 crores; a positive swing of 134+% over 9 months ended December 31, 20221.
Consolidated revenues for QDL for Q3FY24 stood at INR 22.03 crores, witnessing a growth of 14% over Q3FY23 (consolidated revenues stood at INR 19.30 crores). Consolidated revenues of INR 67.55 crores for 9 months of FY23 (ended December 2023), witnessing a growth of 16+% over the same period in FY23 (INR 58.08 crores).
The Quint’s standalone revenues for Q3FY24 grew by 15+% to INR 13.94 crores; Q3FY23 revenues stood at INR 12.11 crores.
Media-tech operations at Quintype continue as the sun rise sector for the group; revenues increased by 27+% to INR 6.95 crores in Q3FY24; Q3FY23 revenues stood at INR 5.35 crores.
Quintype’s 9-month revenues stood at INR 20.42 crores, a growth of 34+% over the 9 months ended December 31, 2022.
QDL to set up a wholly owned subsidiary outside India; and make a strong pivot towards expanding its media-tech operations globally.
1 Performa numbers considering deconsolidation of Quintillion Business Media Limited
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