Quint Digital Media Limited (QUINT, BSE 539515), an Indian digital media company, published its results for the quarter ended June 30, 2021 (Q1).
The Quint completed one full year of operations as a listed entity and recorded revenues of INR 24+ Cr. In addition, during the same period, it recorded an EBITDA of INR 7+ Cr. The Company saw a strong Q1 FY22 (June 21) performance, with the revenues shooting up by 106 % compared with the corresponding first quarter – Q1 FY21 (June 20). The quarter also saw the Company continue its earnings with an EBITDA level of INR 2.36 Cr. It is a complete upturn in performance compared with the corresponding first quarter – Q1 FY21 (June 20), which saw an EBITDA level of INR (3.16) Cr.
Reuters Institute (independent, global Think Tank) in its Reuters Institute Digital News Report 2021, India, recognized THE QUINT as one of the top digital news brands in the online category.
The digital properties had nearly 15.67 Mn subscribers/followers across various platforms at the end of Q1.
As another step towards growth & expansion, the Company will undertake a detailed evaluation of the proposal to acquire the direct and indirect stakes in certain media operations founded and owned by Raghav Bahl and Ritu Kapur viz. Quintillion Media Private Limited, Quintillion Business Media Private Limited, Quintype Technologies India Private Limited, Owlet Films Private Limited, YKA Media Private Limited, and Spunklane Media Private Limited.