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Home Featured

Quint Digital Media reports 68 pc revenue growth at Rs 35.55 cr for FY22

by MN4U Bureau
May 31, 2022
in Featured, Print
Reading Time: 1 min read
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Quint Digital announces acquisition of 100% stake in Quintillion Media and 47.92% stake in Spunklane Media
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Quint Digital Media, a leading multi‑brand digital media and media–tech group, announced its standalone and consolidated results for the quarter and full year ended March 31, 2022.

The company recorded the highest ever FY22 revenue of Rs 35.55 cr with a growth of over 68 pc compared to FY21 revenue of Rs 21.13 crore. EBDITA stood at Rs 14.90 cr with a growth of 850 pc over FY21.

The operating revenues for Q4 FY22 grew by 11 pc and stood at Rs 10.31 cr. EBDITA grew by 13 pc at Rs 4.27 cr.

On a consolidated basis, the company recorded total operating revenues of Rs 55 cr, witnessing a growth of 55+ pc over the previous year. Further, the losses on a consolidated basis witnessed a reduction of more than 58 pc over the previous year.

QDML had acquired identified stakes in the digital media and media-tech operations of Quintillion Business Media, Quintype Technologies India Private Limited, Spunklane Media Private Limited, and YKA Media Private Limited on January 19, 2022.

In accordance with the applicable accounting framework, QDML has consolidated the financial performance of the digital media and media-tech operations of Quintillion Business Media, Quintype Technologies India Private Limited, Spunklane Media Private Limited, and YKA Media Private Limited.

Tags: Quint Digital MediaQuintillion Business MediaQuintype TechnologiesSpunklane Media

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