Mumbai: Quint Digital Media (QDML) has published its standalone and consolidated results for the quarter and a half that ended on 30 September 2022.
On a quarterly basis, the total revenues of the company for Q2 FY23 (September 22) stood at Rs 11.79 crore, recording a growth of eight per cent on a quarter-on-quarter (QoQ) basis.
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The company mentioned double-digit growth of 17 per cent over Q2 FY22. While earnings before interest, taxes, depreciation, and amortisation (Ebitda) increased by 50 per cent to Rs 5.54 crore (Q1 FY23 at Rs 3.62 crore), profit after tax increased by 150 per cent over Q1 FY23.
The Quint maintained strong momentum in Q2 and anticipates continued strong business momentum in Q3 of FY23.
Total revenues for H1 FY23 (September 2022) were recorded at Rs 22.51 crore vs. Rs 16.91 crore for H1 FY22 (September 2021). Ebitda increased by 30 per cent to Rs 9.15 crore (H1 FY22 at Rs 6.86 crore). PAT increased by more than 20 per cent to Rs 2.83 crore.
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QDML recorded consolidated total operating revenues of Rs 19.73 crore, a growth of 37 per cent over the previous year (consolidated operating revenues stood at Rs 14.39 crore in Q2 FY22).
Quintype, a SAAS-based media-tech company, increased revenues by 160 per cent or more to Rs 5.21 crore (up from Rs 1.97 crore in Q1 FY22). Half-yearly revenues stood at Rs 9.57 crore, an increase of 160 per cent over H1 FY22.
The losses on a consolidated basis (attributable to QDML; net of non-controlling interest) witnessed a reduction of more than 25 per cent over the previous year. The transaction for the divestiture of a 49 per cent stake in BQPRIME is expected to be completed in Q3 FY23, which will lead to a further reduction in the losses attributable to QDML.
The company is expecting to complete the rights issue in Q3 FY23; the proceeds of the rights issue and consideration of the divestiture of a 49 per cent stake in BQPRIME will provide the company with significant cash reserves and further boost overall profitability.
The audience footprint across the websites and digital platforms (including Facebook, Instagram, YouTube, Twitter, Snapchat, etc.) continued its strong momentum in the quarter. Some of the key data points, aggregated across the websites and digital platforms, are given below:
