The Quint’s Q2 FY23 standalone revenues up 17% at Rs 11.23 cr

Quint Digital Media Ltd (QDML) has published its standalone and consolidated results for the quarter and half year ended September 30, 2022. QDML has recorded consolidated total operating revenues of Rs 19.73+ crore, witnessing a growth of 37+% over the previous year (consolidated operating revenues stood at Rs 14.39 crore in Q2 FY22).

The losses on a consolidated basis (attributable to QDML; net of non-controlling interest) witnessed a reduction of more than 25% over the previous year. The transaction for divestment of 49% stake in BQPRIME is expected to be completed in Q3 FY23, which will lead to a further reduction in the losses attributable to QDML.

Quintype, the SAAS-based media-tech company, witnessed a 160%+ increase in revenues to Rs 5.21 crore (against Rs 1.97 crore in Q1 of FY22). Half yearly revenues stand at Rs 9.57 crore, an increase of ~160% over H1 FY22.

In terms of standalone performance, The Quint maintained a strong momentum during Q2 and expects business momentum to be strong in Q3 of FY23 as well. Total revenues for Q2 FY23 (September 22) stood at Rs 11.79 crore, a growth of 8%+ on a quarter on quarter basis.

EBIDTA increased by 50%+ to Rs 5.54 crore (Q1 FY23 at Rs 3.62 crore), while profit after tax (PAT) increased by 150% over Q1 FY23.

Total revenues for H1 FY23 (September 2022) stood at Rs 22.51 crore vis-a-vis Rs 16.91 crore for H1 FY22 (September 2021). EBIDTA witnessed a growth of 30%+ to Rs 9.15 crore (H1 FY22 at Rs 6.86 crore). PAT increased by 20%+ to Rs 2.83 crore.