Quint Digital Limited, a multi-brand digital and media-tech group — 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 31 December 2023.
Quint Digital Limited completed the sale of the remaining 51% stake in loss-making Quintillion Business Media to Gautam Adani’s AMG Media for Rs52.45 crore, a release said.
After divestment of Quintillion Business Media, QDL achieved profitability; consolidated PBT (profit before tax) for Q3FY24 stood at Rs 2.04 crore; a positive swing of 130+% over Q3FY231. Consolidated PBT for nine months ended 31 December 2023, stood at Rs 5.71 crore; a positive swing of 134+% over nine months ended December 31, 20221.
Consolidated revenue for QDL for Q3FY24 stood at Rs 22.03 crore, witnessing a growth of 14% over Q3FY23 (consolidated revenue stood at Rs 19.30 crore). Consolidated revenue of Rs 67.55 crore was recorded for nine months of FY23 (ended December 2023), witnessing a growth of 16+% over the same period in FY23 (Rs 58.08 crore).
The Quint’s standalone revenue for Q3FY24 grew by 15+% to Rs 13.94 crore; Q3FY23 revenue stood at Rs 12.11 crore.
Media-tech operations at Quintype continue as the sunrise sector for the group; revenue increased by 27+% to Rs 6.95 crore in Q3FY24; Q3FY23 revenue stood at INR 5.35 crore.
Quintype’s nine-month revenue stood at Rs 20.42 crore, a growth of 34+% over the 9 months ended 31 December, 2022.
QDL to set up a wholly owned subsidiary outside India; and make a strong pivot towards expanding its media-tech operations globally.
