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Quint Digital Media Limited Records INR 18.47 Crore Revenue for Q3 FY23

Quint Digital Media Limited (QDML) recorded total operating revenues of INR 18.47+ crore for Q3 of FY23, witnessing a growth of 26%+ over the previous year (consolidated operating revenues stood at INR 14.65 crore in Q3 FY22). Quintype, the SAAS-based media-tech company, witnessed a 100%+ increase in revenues to INR 5.41 crore (against INR 2.70 crore in Q3 FY22). Nine-month...

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Feb 1, 2023 • 6:40 PM

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“Quint Digital Media Limited Records INR 18.47 Crore Revenue for Q3 FY23”

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1 Feb 2023

Quint Digital Media Limited (QDML) recorded total operating revenues of INR 18.47+ crore for Q3 of FY23, witnessing a growth of 26%+ over the previous year (consolidated operating revenues stood at INR 14.65 crore in Q3 FY22).

Quintype, the SAAS-based media-tech company, witnessed a 100%+ increase in revenues to INR 5.41 crore (against INR 2.70 crore in Q3 FY22). Nine-month revenues (ended 31 December 2022) stand at INR 14.98 crore, an increase of about 135% over the nine months.

The losses on a consolidated basis (attributable to QDML; net of non-controlling interest) witnessed a reduction of 23% for the nine-month period ended 31 December 2022 (over the same period in FY22). The transaction for divestment of a 49% stake in BQPRIME is expected to be completed in Q4 FY23, which will lead to a further reduction in the losses attributable to QDML.