Hinduja Ventures Limited, through its subsidiaries, engages in the media and communications businesses in India. It provides cable television and broadband Internet, local television programming, and movie channel and movie based programming services. The company offers approximately 300 channels comprising video and audio channels in digital delivery network under the INDIGITAL brand; and operates 10,000 kilometers of hybrid fiber optic cable network, which includes 2,000 kilometers of two ways enabled underground fiber for triple-play. It also engages in the development of real estate properties; and treasury activities comprising trade/investments in shares and securities. The company is based in Mumbai, India.
Hinduja Ventures Ltd Reports Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2011
Hinduja Ventures Ltd. reported unaudited consolidated and standalone earnings results for the second quarter and half year ended September 30, 2011. For the quarter, the company reported total income was INR 1,423.6 million as compared to INR 1,163.1 million for the same period last year. Total income grew 22.39% for the quarter compared to previous period. Net profit after tax and minority interest was INR 305.9 million as compared to INR 285.1 million a rise of 7.29%. EBIDTA stood at INR 594.3 million as against INR 478.6 million, a rise of 24.18%. For the half year, the company reported total income of INR 2,683.2 million as compared to INR 2,134.7 million for the same period last year. Net profit after tax and minority interest grew by 8.20% form INR 482.0 million to INR 521.5 million. EBIDTA was INR 1,092.3 million as compared to INR 819.8 million a rise of 33.24%. For the quarter, on standalone basis, the company reported total income of INR 229.4 million as against INR 219.3 million. Net profit after tax stood at INR 165.4 million as compared to INR 155.2 million in the last year, a rise of 6.54%. For the half year on standalone basis, the company reported total income of INR 417.8 million as against INR 391.7 million for the same period last year. Net profit after tax grew 9.72% from INR 271.8 million to INR 298.3 million buoyed by treasury gains.
