Quint Digital Media Limited (QDML) Records INR 80.62+ Crore Revenue for FY23

Quint Digital Media Limited (QDML) is India’s solely pure-play, multi-brand, digital media, and media-tech firm.QDML’s consolidated revenues for FY23 elevated to INR 80.62+ crores, witnessing a development of 31+% over the identical interval in FY22 (INR 61.55 crores).

The Quint’s standalone revenues for FY23 grew by a wholesome 20% to INR 44.72 crores; FY22 revenues stood at INR 37.16 crores.

There was a rise in profitability and EBIDTA on a sequential and full-year foundation in a tricky financial surroundings.

Media-tech operations of Quintype continued their phenomenal development; revenues elevated by 150% to INR 22.49 crores in FY23 (FY22 revenues stood at INR 9 crores).

The firm efficiently accomplished the divestment of a 49% stake in BQ Prime to AMG Media for INR 47.83 crores. Cash and money equivalents as on 31 March 2023 stood at INR 156+ crores.

The firm efficiently accomplished the Rights Issue and raised INR 125 crores from shareholders. The Rights Issue acquired 1.21X bids, demonstrating the belief reposed by shareholders within the firm and its administration.

The viewers footprint throughout the web sites and digital platforms – together with Facebook, Instagram, YouTube, Twitter, Snapchat and so on. – continued its sturdy momentum. Page views witnessed a development of ​​over 39% over FY22. Further, the digital properties had almost 23 million subscribers/followers throughout numerous platforms on the finish of FY23.

The Quint gained 7 awards from the World Association of News Publishers (WAN-IFRA) on the South Asian Digital Media Awards 2022, together with the Champion Publisher of the Year Award. It additionally gained a number of different prestigious recognitions at India Audio Summit and Awards 2023, afaqs! Vdnonxt Awards, and extra.