Quint Digital Media hits new 52-week high after robust Q1FY22 earnings

Quint Digital Media Limited, India’s leading digital media company has published its results for the quarter ended 30th June, 2021 (Q1).

Highlights of financial performance:
THE QUINT completed one full year of operations as a listed entity and recorded revenues of Rs 24+cr. In addition, during the same period, it recorded an EBITDA of Rs 7+cr.

The Company saw a strong Q1FY22 (June 21) performance with the revenues shooting up by 106% as compared with corresponding first quarter – Q1 FY21 (June 20).

The quarter also saw the Company continue its earnings with an EBITDA level of Rs 2.36cr. It is a complete upturn in performance compared with the corresponding first quarter – Q1FY21 (June 20) which saw an EBITDA level of Rs (3.16)cr.

Post the approval of the shareholders at the 36th Annual General Meeting, the Company appointed Walker Chandiok & Co LLP, Chartered Accountants, as the Statutory Auditors till the conclusion of the 41st Annual General Meeting.

Highlights of audience engagement:
Reuters Institute (independent, global Think Tank) in its Reuters Institute Digital News Report 2021, India, recognized THE QUINT as one of the top digital news brands in the online category.

This is a breakthrough achievement for THE QUINT, as it is the only new-age digital-first news portal that is part of the list dominated by traditional and legacy media players.

The management is confident that as economic activity opens up fully and with the increased digital adoption, the Company’s digital properties will become the leading players in the new-age digital media sector.

On Monday, the stocks hit new 52-week high at Rs347 per piece.

At around 9:40 AM, Quint Digital was trading at Rs339.90 per piece higher by 6.87% on Sensex. India Infoline