Quint Digital Limited (QDL) Records INR 22.03 Crores Consolidated Revenues for Q3FY24

Quint Digital Limited (“QDL”) (QUINT, BSE 539515), India’s main multi-brand digital and media-tech group — being the one new-age digital media and expertise participant listed on the Indian inventory alternate — printed its standalone and consolidated outcomes for the quarter and 9 months ended December 31, 2023.

QDL accomplished the sale of the remaining 51% stake in loss-making Quintillion Business Media to AMG Media for INR 52.45 crores.

Post divestment of Quintillion Business Media, QDL achieved profitability; consolidated PBT for Q3FY24 stood at INR 2.04 crores; a constructive swing of 130+% over Q3FY23¹. Consolidated PBT for 9 months ended December 31, 2023, stood at INR 5.71 crores; a constructive swing of 134+% over 9 months ended December 31, 2022¹.

Consolidated revenues for QDL for Q3FY24 stood at INR 22.03 crores, witnessing a development of 14% over Q3FY23 (consolidated revenues stood at INR 19.30 crores). Consolidated revenues of INR 67.55 crores for 9 months of FY23 (ended December 2023), witnessing a development of 16+% over the identical interval in FY23 (INR 58.08 crores).

The Quint’s standalone revenues for Q3FY24 grew by 15+% to INR 13.94 crores; Q3FY23 revenues stood at INR 12.11 crores.

Media-tech operations at Quintype proceed because the solar rise sector for the group; revenues elevated by 27+% to INR 6.95 crores in Q3FY24; Q3FY23 revenues stood at INR 5.35 crores.

Quintype’s 9-month revenues stood at INR 20.42 crores, a development of 34+% over the 9 months ended December 31, 2022.

QDL to arrange an entirely owned subsidiary outdoors India; and make a robust pivot in the direction of increasing its media-tech operations globally.

¹ Performa numbers contemplating deconsolidation of Quintillion Business Media Limited