MUMBAI: Fever FM, the demerged radio subsidiary of HT Media which operates FM stations in Delhi, Mumbai, Bangalore and Kolkata, has posted a standalone operating profit of Rs 30.3 million for the quarter ended 31 December.

In the year ago period, the company had posted an operating loss of Rs 13.3 million.

Fever FM has posted revenue of Rs 179.6 million, up 76.95 per cent, as compared to Rs 101.5 million a year ago.

HT Media has employed a capital of Rs 781.6 million in its radio business, according to data provided till 31 December.

Meanwhile, HT Media has posted a consolidated net profit (after minority interest) of Rs 477.9 million (from Rs 357.9 million a year ago). Total income in the quarter went up to Rs 4.65 billion (from 3.66 billion) while expenses surged to Rs 3.98 billion (from Rs 3.09 billion).

The consolidated financials include Hindustan Media Ventures Ltd, HT Music and Entertainment Company Ltd, HT Digital Media Holdings, Firefly e-Ventures, HT Burda Ltd, HT Mobile Solutions, HT Overseas and the joint venture, Metropolitan Media Company.