Mumbai: The Board of Hinduja Ventures Limited (HVL)at its meeting held today approved un-audited standalone financial results for the quarter and half year ended September 30, 2017.
HVL Standalone Results:-
- HVL on standalone basis reported a total income of Rs. 104.24 Crores for the half year ended September 30, 2017 as against Rs. 121.12 Crores for the half year ended September 30, 2016.
- The net profit after tax for the half year ended September 30, 2017 of Rs. 55.05 Crores as against Rs.52.40 Crores during half yearended September 30, 2016. The Net Profit After Tax for the period ended grew by 5.06%.
- For the quarter ended September 30 2017, the total income of the Company stood at Rs.53.58 Crores compared to Rs.50.66 Crores for the quarter ended June 30, 2017 and Rs.59.20 Crores for the quarter ended September 30, 2016.
- The net profit after tax for the quarter ended September 30, 2017 stood at Rs. 29.55Crores as against Rs.25.50 Crores for the quarter ended June 30, 2017 and Rs.28.19 Crores for the quarter ended September 30, 2016.
Hinduja Ventures Limited (HVL) operates across three segments: media and communication, real estate, and investment and treasury. Hinduja Ventures Limited (‘HVL’) is the Holding Company of one of India’s largest integrated media companies i.e. IndusInd Media & Communications Limited (IMCL).
IndusInd Media & Communications Limited (IMCL):-
Post the demerger of the Headend-in-the-Sky (HITS) business from Grant Investrade Limited, a subsidiary of HVL into IMCL, the expansion of its customer base has happened significantly. The new growth is all happening on thestrength of the HITS platform (NxtDigital) which has given IMCL an all India reach.
IMCL now is the only National MSO to cover all the 29 states and 4 Union territories. The Cable Operator Digital Premise Equipment (COPES) are installed in mostdistricts with signals transmitted to over 1200 Pin Codes in India.Over 1.5 million new active digital homes have been added in last 10 months alone.It is uniquely positioned as a Prepaid B2B with user friendly applications.
NXTDIGITAL, the HITS Network has attracted and helped the Last Mile Owners (LMO) in becoming state-of-the-art digital services providers and have helped them to compete against other service providers like private and public sector DTH by enabling them to provide wholesome services for their end consumers.Also considering the entrepreneur abilities and strength of the young Indian youth and the always innovative and forward looking Cable operators; this platform is aptly suited for the new generation of Entrepreneurial Cable operators across India.
Now IMCL can ensure smooth digitalization process in entire country including rough terrains and remote areas, through satellite based digital cable delivery – HITS (NxtDigital) or through classical terrestrial based digital Headend digital cable delivery (Indigital) depending on the needs in various urban, semi urban, rurban and pure rural areas.