Quint Digital Limited (QDL) ("formerly known as Quint Digital Media Limited") Records INR 13.06 Crore Revenue for Q2 FY23
Tuesday, 7 November 2023
*Quint Digital Limited* (QDL) (QUINT, BSE 539515), Indias leading multi-brand digital and media-tech group - being the only new-age digital media and technology player listed on an Indian stock exchange - published its standalone and consolidated results for the quarter and half year ended September 30, 2023.
Quint Digital Limited (QDL), Quintillion Media Limited ("*QML*") and Quintillion Business Media Limited ("*QBML*") entered into a binding share purchase agreement with AMG Media Networks Limited to divest the remaining 51% stake in QBML for a sales consideration of INR 52+ crores. The completion of the disinvestment of QBML will lead to de-consolidation of related losses, and the group will swing to consolidated profitability.
The Quint's standalone revenues for Q2FY24 grew by 11% to INR 13.06 crores; Q2FY23 revenues stood at INR 11.79 crores. Quintype continued as the most lucrative sector for the group - revenues increased by 30%+ to INR 7 crores in Q2FY24; Q2FY23 revenues stood at 5.35 crores.
Consolidated revenues for H1FY24 stand at INR 45.52 crores - a growth of 17%+ over H1FY23.
The audience footprint across the websites and digital platforms - including Facebook, Instagram, YouTube, Twitter, Snapchat etc. - continued its strong momentum in the quarter. The digital properties had nearly 23+ million subscribers/followers across various platforms at the end of Q2FY24.
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