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, 19:14 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

20 ℃

Light Rain in Kolkata/Bose

International

Section

Migrants in Chicago, other northern US cities struggle to find homes

CHICAGO, Illinois: As winter sets in and with cold weather just around the corner, Chicago is struggling to house hundreds ...

12th century leaning tower in Bologna secured to save it from collapse

BOLOGNA, Italy: Due to fears of a collapse, local officials have secured the area around one of two 12th century ...

Flights, trains cancelled in Bavaria after heavy snowfall

MUNICH, Germany: The heavy snow and icy conditions that hit Bavaria, Germany, canceled flights and long-distance trains out of Munich, ...

North Carolina to add thousands of people to Medicaid rolls this week

RALEIGH, North Carolina: After a decade of discussions and hesitations, North Carolina has expanded Medicaid coverage by offering government-funded health ...

Pentagon secretly providing bombs for Israeli bombardments

The U.S. has supplied Israel with scores of BLU-109 bunker-buster bombs since October 7, the Wall Street Journal has reported, ...

Biden administration says EPA to replace lead water pipes in 10 years

WASHINGTON D.C.: This week, the Biden administration announced a proposal by the Environmental Protection Agency (EPA) that would require U.S. ...

India

Section