Records highest ever revenues of INR 9.5Cr + for Q2 and INR 16 Cr for the half-year ended September 30, 2021
Revenues increase by 80% and EBITDA witnesses a positive swing of more than 300% on a YOY (Q) basis
Quint Digital Media Limited (QUINT, BSE 539515), India’s leading digital media company and only new-age digital-first news operator listed on an Indian stock exchange, published its results for the quarter and half-year ended September 30, 2021 today.
Highlights of financial performance:
- With the increased economic activity, The Quint witnessed a faster and more widescale digital adoption across different sectors of the economy leading to a robust growth in revenue and profitability.
- The Quint witnessed a very strong Q2 FY22 (September 21) performance with the revenues shooting up by 50%+ as compared with Q1 FY22 (June 21). On a year-on-year basis, the revenues increased by over 80% as compared with Q2 FY20 (September 20).
- On a half-yearly basis, the revenues grew by over 90% over the same period during FY 21 and the EBITDA witnessed a positive swing by more than 400%.
- The quarter also witnessed The Quint continue its earnings growth with an EBITDA level of INR 4.50 Cr. It is a complete upturn in performance as compared with Q2 FY21 (September 20) which saw an EBITDA level of INR 1.03 Cr.
Overall financial performance is summarized below:
INR in 000
| Particulars | Q2 –September 30, 2021 | Q2 –September 30, 2020 | Half year ended September 30, 2021 | Half year ended September 30, 2020 |
| Revenue from Operations | 95,983 | 52,398 | 159,922 | 83,444 |
| Other Income | 5,030 | (24) | 9,186 | 3,263 |
| Total Income | 101,013 | 52,374 | 169,108 | 86,707 |
| Employee benefit expenses | 24,224 | 18,016 | 46,006 | 58,100 |
| Finance cost | 2,522 | 2,660 | 5,219 | 4,332 |
| Depreciation and amortization expense | 18,347 | 6,108 | 32,623 | 8,439 |
| Other expenses | 31,778 | 18,399 | 54,511 | 44,242 |
| Total Expenses | 76,871 | 45,183 | 138,359 | 115,112 |
| Exceptional Items | – | 5,736 | – | 5,736 |
| Profit before tax | 24,142 | 1,455 | 30,749 | (34,141) |
| Tax expenses | 5,836 | (9,388) | 7,540 | (9,341) |
| Profit after tax | 18,307 | 10,843 | 23,209 | (24,800) |
Highlights of audience engagement:
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:
| Description/ Period | 15 months ending | Quarter 2 | Quarter 1 |
| September 30, 2021 | FY2021-22 | FY 2021-22 | |
| Page Views | 496.4 Mn | 104.2 Mn | 93.4 Mn |
| Video Views | 1.11 Bn | 298.4 Mn | 261.1 Mn |
| Unique Viewers | 997.4 Mn | 313.5 Mn | 291.5 Mn |
| Impressions | 13.1 Bn | 3.01 Bn | 3.52 Bn |
Source: based on data provided by platforms/ other agencies
The digital properties had nearly 16.03 Mn subscribers/followers across various platforms at the end of Q2.
In the video space, as per Facebook Leader-board, The Quint is the only new-age digital media portal that is rubbing shoulders with traditional and legacy media players. The Quint has also secured a higher video interaction rate on Facebook as compared to some of the leading players within a short span of 6 years.
The Quint also featured at the 18th position on Feedspots list of 100 Top Indian News Websites. In due recognition of its position and content, The Quint also bagged two very prestigious awards at the IMA South Indian Marketing Awards, 2021 – Gold in the branded content category & Silver in the branded content and podcast category.