Quint Digital Limited (QDL) a multi-brand digital and media-tech group has published its standalone and consolidated results for the quarter and nine months ended 31 December, 2023. QDL will set up a wholly owned subsidiary outside India; and make a pivot towards expanding its media-tech operations globally.
QDL has completed the sale of the remaining 51% stake in loss-making Quintillion Business Media to AMG Media for Rs. 52.45 crores.
Post divestment of Quintillion Business Media, QDL achieved profitability; consolidated PBT for Q3FY24 stood at Rs. 2.04 crores; a positive swing of 130+% over Q3FY231. Consolidated PBT for 9 months ended 31 December, 2023, stood at Rs. 5.71 crores. This is a positive swing of 134+% over 9 months ended 31 December, 20221.
Consolidated revenues for QDL for Q3 stood at Rs. 22.03 crores, witnessing a growth of 14% over Q3FY23 (consolidated revenues stood at INR 19.30 crores). Consolidated revenues of Rs. 67.55 crores for 9 months of FY23 (ended December 2023), witnessing a growth of 16+% over the same period in FY23 (INR 58.08 crores).
The Quint’s standalone revenues for Q3 grew by 15+% to Rs. 13.94 crores; Q3 revenues stood at Rs. 12.11 crores.
Media-tech operations at Quintype continue as the sun rise sector for the group; revenues increased by 27+% to Rs. 6.95 crores in Q3FY24. Q3FY23 revenues stood at INR 5.35 crores.
Quintype’s nine-month revenues stood at Rs. 20.42 crores, a growth of 34+% over the 9 months ended 31 December, 2022.
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