Quint Digital Media records strong growth at Rs 35.55 cr in FY22

Quint Digital Media records strong growth at Rs 35.55 cr in FY22

The growth momentum is likely to continue in FY 22-23.

Quint

Mumbai: Multi‑brand digital media and media–tech group Quint Digital Media on Tuesday published its standalone and consolidated results for the quarter and full-year ended 31 March 2022.

The company has recorded strong growth in standalone revenues on a full-year basis of Rs 35.55 crore, which indicates a growth of over 68 per cent. Earnings before interest, taxes, depreciation and amortization (Ebitda) stood at 850 per cent on a full-year basis.

For the year, profit after tax shows a positive swing of over 300 per cent and the growth momentum is likely to continue in FY22-23. Consolidated operating revenues on a full-year basis stand at Rs 56 crore, indicating 55 per cent growth.

Coming to the consolidated report, 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 19 January 2022.

During the quarter ended 31 March 2022, the company had completed the acquisition of identified stakes in the digital media and media-tech operations of Quintillion Business, Quintype Technologies, Spunklane Media and YKA Media. The consolidated results for the full year include the financial performance of the said acquisitions.