New Delhi, Jan 27 (PTI) Hindustan Media Ventures Ltd (HMVL) on Thursday reported 11.50 per cent decline in consolidated net profit at Rs 31.14 crore for the third quarter ended December 31, 2021.

The company had posted a net profit of Rs 35.19 crore for October-December period a year ago, HMVL said in a BSE filing.

Also Read | Union Budget 2022-23: Rise in Old-Age Pension, Re-Engaging Seniors Among Demands.

However, revenue from operations was higher at Rs 199.72 crore during the period under review as against Rs 162.59 crore in the same quarter a year ago, the company said.

Total expenses were at Rs 182.69 crore as against Rs 153.53 crore.

Also Read | Vivo Y75 5G With Dimensity 700 SoC Launched in India at Rs 21,990.

HMVL publishes 'Hindustan', a Hindi daily newspaper.

Shares of HMVL on Thursday settled at Rs 72.85 apiece, up 2.10 per cent from the previous close.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)