HMVL’s profit, revenue surge in June quarter

Hindustan’s publisher and digital platform OTTPlay’s operator Hindustan Media Ventures Ltd (HMVL) saw his abdomen after the tax for the increase in June quarter. La10.24 CRORE LaA year ago 52 Lakh.

Income from operations increased La182.99 CRORE La162.18 Crore said in a regulatory file on Monday, HMVL in the previous quarter. In the first quarter, the total costs were higher. La197.94 CRORE AND La188.55 Crore.

Revenue from printing and publication of newspapers and periodicals La163.35 CRORE LaA year ago 154.35 Crore.

HMVL also, La20.01 Crore Stock or Convertible Self -Counter -Refted Tool (Mandatory Convertible Preference Shares) Financial Marketplace Bankbazaar’s parent company A&A Dukaan Financial Services Pvt Ltd.

In 2022, OTTPlay, a suggestion and content discovery platform for flow services initiated by HT Labs, turned into a flow service from video stream platforms.

With the introduction of OTTPLAY Premium, the service is now hosting multiple Indian and international video streams and allows subscribers to choose from language -based or thematic subscription packages.

In addition to International Brands Hallmark Films, OTTPlay participated in Sonyliv, Zee5, Lionsgate Play, Sun Nxt, Sun Nxt, Shemaroome, Curiosity Stream, Shortstv and Docubay Streaming Services.

Although telecom operators also offer video flow platforms as a packaged service, collectors such as OTTPlay, Amazon Prime Video, Tata Play and Airtel Xstream Premium expand the access and subscriber base of platforms that cannot invest in distribution and marketing in an aggressive way.

HT Labs is also the innovation platform of HT Media, the publisher of Mint and Hindustan Times. Hmvl, a subsidiary of HT Media, publishes Nandan (a Children’s Magazine) and Kadambini (a socio-cultural magazine).