H T Media's Q3 Financial Results Released

Nov 08 2023 12:00 AM IST
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H T Media, a microcap company in the printing and publishing industry, has reported a slight growth of 0.14% in net sales for the quarter ended September 2023. However, the consolidated net profit has seen a significant decrease of -173.28%. MarketsMojo has given a 'Sell' call for the company's stock.
H T Media, a microcap company in the printing and publishing industry, has recently announced its financial results for the quarter ended September 2023. The company's net sales have shown a slight growth of 0.14% compared to the previous quarter, which saw a decline of -10.87%. However, the consolidated net profit has seen a significant decrease of -173.28% in the current quarter, as opposed to a decline of -23.06% in the previous quarter.

The operating profit (PBDIT) excluding other income has also shown a decline of -33.99% in the current quarter, compared to a growth of 35.70% in the previous quarter. The company's interest expenses have increased by 11.87% in the current quarter, as opposed to a growth of 1.95% in the previous quarter. The operating profit margin (excluding other income) has also fallen from the previous quarter.

MarketsMOJO has given a 'Sell' call for H T Media's stock, citing the company's flat financial performance in the current quarter. The company's score has also fallen from 0 to -1 in the last 3 months. This news may be of interest to investors and stakeholders of H T Media, as they closely monitor the company's financial performance.
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