HT Media reported 67% jump in net profit at Rs 52.81 crore for the quarter ended March 30, 2011.For the same quarter of the previous financial year, the company's net profit was Rs 31.67 crore.
The company's net sales for the three months period ended March 30, 2011 increased 20% at Rs 328.60 crore, compared to Rs 273.84 crore in the corresponding quarter of the prior fiscal.
HT media has been showing stagnant performance in terms of topline and bottomline since past 5 years. At the current market price of Rs. 159 the stock is discounting FY-11 EPS by 21 times which is on the higher side considering the fact that company has not been able to grow its revenue and profits in past years.
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