Quint Digital Media Limited records strong growth in standalone revenues on a full year basis ends March 31, 2022 at INR 35 cr+

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YOY revenue growth of 68% 

  • EBDITA growth of 850% on a full year basis
  • Standalone operating revenues for the quarter ended March 31, 2022 at INR 10.30 crs+; maintains growth in sequential revenues of over 11%
  • Growth Momentum likely to continue in FY 22-23
  • Full year standalone PAT shows a positive swing of over 300%
  • Consolidated Operating Revenues On A Full Year Basis Stand At INR  56 Crs+; Growth Of 55+% 

Noida, June 02, 2022: Quint Digital Media Limited (QUINT, BSE 539515), India’s leading multi‑brand digital media and media–techgroup, being the only new-age digital media and technology player listed on an Indian stock exchange, published itsstandalone and consolidated results forthe quarter and full year ended March 31, 2022.

During the quarter ended March 31, 2022, the Companyhad completed the acquisition of identified stakes in the digital media and media-tech operations of Quintillion Business, Quintype Technologies, Spunklane Media and YKA Media.  The consolidated results for the full year ended March 31, 2022 include the financial performance of the said acquisitions.

  1. Highlights of the standalone financial performance:
·               The Quint maintains its growth momentum; revenues witness strong growth on a quarterly and a full year basis.

·               The Quint recorded highest ever full year (FY22) revenues of INR 35.55 Crs; a growth of over 68% vis-à-vis FY 21.

·               For the full year (FY22), EBIDTA stood at INR 14.90 Crs; up by a robust850% vis-à-vis FY 21.

·               Operating revenues for Q4 FY22 (March 22) stood at INR 10.31 Crs (sequential growth of 11%)with EBIDTA of INR 4.27 Crs (sequential growth of 13%).

 

·               EarningsPer Share (EPS) increases from a negative (INR 1.36) to positive INR 2.17. 

Overall financial performance is summarized in Annexure A

 

  1. Highlights of the consolidated financial performance
  • QDML had acquired identified stakes in the digital media and media-tech operations of Quintillion Business Media, Quintype Technologies India Private Limited, Spunklane Media Private Limited and YKA Media Private Limited on January 19, 2022.
  • In accordance with the applicable accounting framework, QDML has consolidated the financial performance of the digital media and media-tech operations of Quintillion Business Media, Quintype Technologies India Private Limited, Spunklane Media Private Limited and YKA Media Private Limited.
  • On a consolidated basis, QDML recorded total operating revenues of INR 55+Crs, witnessing a growth of 55+% over the previous year. Further, the losses on a consolidated basis witnessed a reduction of more than 58% over the previous year. 
  1. Highlights of the audience engagementmatrix for The Quintplus Other Group Properties:

The audience footprint across the websites and digital platforms- including Facebook, Instagram, YouTube, Twitter, Snapchat etc.- continued its strong momentum in the quarter. Some of the key data points, aggregated across the websites and digital platforms, are given below:

Quarterly trends                                                                                                                                Million

Description/ Period Quarter 4 Quarter 3 Quarter 2 Quarter 1
FY2021-22
Page Views 281 313 183 193
Video Views 269 322 334 317
Aggregate Unique Viewers across platforms* 315 313 343 328
Impressions 3,120 3,689 3,386 4,108

Source: based on data provided by platforms/ other agencies

*This number is not deduplicated since it’s across various platforms

Annual trends

                                                                                                                                                                                Million

Description/ Period FY2020-21 FY2021-22 Growth % (YOY)
Page Views 873 968 11%
Video Views 962 1,244 29%
Aggregate Unique Viewers across platforms* 832 1,293 55%
Impressions 12,108 14,303 18%

Source: based on data provided by platforms/ other agencies

*This number is not deduplicated since it’s across various platforms 

The digital properties had nearly 22 Mn subscribers/followers across various platforms at the end of FY 22.

  1. Recognition of The Quint brand and its quality of journalism: 

The brand and quality of journalism of The Quint is demonstrated by the numerous awards won by The Quint during the year ended March 31, 2022

  1. AFAQS MEDIA BRAND AWARDS: 

Best Branded Content Campaign: #MakeItPossible – in partnership with Ariel 

  1. IMA SOUTH INDIAN MARKETING AWARDS 2021: 

Gold, Branded content-media (#makeitpossible campaign)

Silver, Branded content-media (#T20campaionship with Ayaz Memon campaign) 

  1. SOUTH ASIAN DIGITAL MEDIA AWARDS 2021: 

Best News Website (or) Mobile Service: Silver: thequint.com, The Quint

Best Use of Online Video: Gold – Life in an Auto: The Inspiring Story of 74-year-old Sole Breadwinner, Desraj JyotSingh, The Quint 

  1. RED INK AWARDS 2021: 

Human Rights (TV) Category 

  1. RAMNATH GOENKA AWARDS 2021: 

Tridip K Mandal, in the Uncovering India Invisible category (Broadcast Media) for his documentary, ‘Diaries from the Detention Camps of Assam’. 

  1. Other updates:
  1. The Board of Directors of QDML at its board meeting on March 1, 2022 had approved a rights issue of equity shares to raise upto INR 125 Crs in fresh capital. QDML is working on finalizing the draft letter of offer for submission to the Securities and Exchange Board of India.
  1. QDML has entered into a Franchisee Agreement for a period of 5 years and launched its overseas platform named as ‘Quint World’ wef April 1, 2022.
  1. QDML and its wholly owned subsidiary viz. Quintillion Media Limited have entered into definitive agreements with AMG Media Networks Limited for the sale of 49% stake in Quintillion Business Media Limited (entity housing the business and financial news platform viz. bqprime.com). The closing of the transaction is subject to customary closing conditions and approvals.
  2. Quintype Technologies India Limited intends to enter into a master franchisee arrangement for Middle East Territory. The arrangement is subject to necessary approval from the shareholders of QDML. 

Annexure A

INR in Crs

Particulars Q4 –

March 31, 2022

Q3 –

December 31, 2021

Revenue from Operations 10.31 9.25
Other Income 0.43 0.25
Total Income 10.74 9.51
Employee benefit expenses 2.51 2.36
Finance cost 0.32 0.25
Depreciation and amortization expense 2.09 1.97
Other expenses 3.97 2.88
Total Expenses 8.88 7.46
Exceptional Items 0.50
Profit before tax 1.86 1.55
Tax expenses 0.47 0.44
Profit after tax 1.40 1.11

 INR in Crs

Particulars Financial Year- March 31,

2022

Financial Year- March 31, 2021
Revenue from Operations 35.55 21.13
Other Income 1.61 0.67
Total Income 37.16 21.80
Employee benefit expenses 9.46 10.22
Finance cost 1.09 0.91
Depreciation and amortization expense 7.32 2.55
Other expenses 12.29 9.48
Total Expenses 30.17 23.16
Exceptional Items 0.50 0.57
Profit before tax 6.49 (1.94)
Tax expenses 1.66 (0.08)
Profit after tax 4.83 (1.86)