THE QUINT completes one full year of operations as a listed venture- Records revenues of INR 24Cr+ for the 12-month period

BUSINESS

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