Hindustan Media Ventures Ltd today reported 11.81 per cent increase in its standalone net profit at Rs 33.88 crore in the first quarter ended June 30.
The company had posted a standalone net profit of Rs 30.30 crore in the same quarter of 2013-14, Hindustan Media Ventures Ltd (HMVL) said in a filing to the BSE.
Net sales during the quarter increased by 16.81 per cent to Rs 207.14 crore from Rs 177.33 crore in the year-ago period.
During the three months ended June 30, total expenses increased to Rs 173.32 crore from Rs 145.98 crore a year earlier, it added.
HMVL is in the business of printing and publication of newspapers and periodicals, including popular Hindi daily Hindustan.
Shares of HMVL were trading at Rs 165 apiece in afternoon trade on the BSE, up 0.21 per cent from its previous close.