Also, its revenue from the segment jumped to Rs 382.5 crore compared to Rs 228.6 crore in the trailing quarter. The revenue stood at Rs 152.6 crore in the same period last year.
The company witnessed a total income of Rs 387.32 crore as against Rs 228.9 crore in Q1 and Rs 170.39 crore in Q2 FY19. The company reported a consolidated net profit after tax of Rs 124.18 crore for the quarter as against a net loss after tax of Rs 57.70 crore for the quarter ended 30th June 2019 and a net loss after tax of Rs 175.20 crore for the quarter ended 30th September 2018.
As reported earlier, Hinduja Ventures Ltd. (HVL) is the listed holding company of India’s leading and only integrated digital platform IndusInd Media & Communications Ltd. (IMCL), now has been rechristened as NXTDigital.
Also, OneOTT Intertainment Ltd. (OIL) – the broadband arm and its subsidiary IN Entertainment (India) Limited the content arm of the Hinduja Group had become subsidiaries of IMCL in August 2019.