Quint Digital Limited (QDL) ("formerly known as Quint Digital Media Limited") Records Rs 13.06 Crore Revenue for Q2 FY23

ANI PR Wire
07 Nov 2023, 14:44 GMT+10

NewsVoir

Noida (Uttar Pradesh) [India], November 7: Quint Digital Limited (QDL) (QUINT, BSE 539515), India's leading multi-brand digital and media-tech group -- being the only new-age digital media and technology player listed on an Indian stock exchange -- published its standalone and consolidated results for the quarter and half year ended September 30, 2023.

Quint Digital Limited (QDL), Quintillion Media Limited ("QML") and Quintillion Business Media Limited ("QBML") entered into a binding share purchase agreement with AMG Media Networks Limited to divest the remaining 51 per cent stake in QBML for a sales consideration of Rs 52+ crores. The completion of the disinvestment of QBML will lead to de-consolidation of related losses, and the group will swing to consolidated profitability.

The Quint's standalone revenues for Q2FY24 grew by 11 per cent to Rs 13.06 crores; Q2FY23 revenues stood at Rs 11.79 crores. Quintype continued as the most lucrative sector for the group -- revenues increased by 30%+ to Rs 7 crores in Q2FY24; Q2FY23 revenues stood at 5.35 crores.

Consolidated revenues for H1FY24 stand at Rs 45.52 crores -- a growth of 17%+ over H1FY23.

The audience footprint across the websites and digital platforms -- including Facebook, Instagram, YouTube, Twitter, Snapchat etc. -- continued its strong momentum in the quarter. The digital properties had nearly 23+ million subscribers/followers across various platforms at the end of Q2FY24.

(ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.

More Information

null in null

International

Section

Turkey, France battle wildfires amid early Europe heatwave

ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...

Venetians protest Bezos wedding with march through the town

VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...

New French law targets smoking near schools, public spaces

PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...

Trump hints at DOGE investigation of Musk subsidies

WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...

Native leaders, activists oppose detention site on Florida wetlands

EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...

Beijing crowds cheer AI-powered robots over real soccer players

BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...

India

Section