HT Media Ltd has registered a decline of 57.78% in its consolidated net profit for the three month period ended March 31, 2012, which remained at Rs 22.62 crore, owing to higher overall expenses.

The firm had recorded net profit of Rs 53.58 crore during the corresponding period of last fiscal.

Company’s total income from operations in the fourth quarterly period remained at Rs 494.1 crore from Rs 467.27 crore during the same period of the last financial.

The company stated that its total expenditures in the period under review climbed to Rs 470.84 crore from Rs 403 crore during the same period of the last financial.

Cost of materials consumed in the three month period ended March 31, 2012 remained at Rs 185.65 crore from Rs 163.74 crore during the last fiscal.

The company’s directors announced 20% dividend of 40 paise per equity share having face value Rs 2 for the fiscal 2011-12 at an expenditure of Rs 9.4 crore.

For the financial 2011-12, HT Media Ltd's net profit remained at Rs 171.53 crore from Rs 185.82 crore in the previous fiscal.

Company’s total income from operations in the financial remained at Rs 2,002.98 crore from Rs 1,776.17 crore in the previous fiscal.

The company’s shares, on Friday (May 18), closed at Rs 114.15 after surging 1.4% on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 171 and a low of Rs 110.10 on BSE.

Current EPS & P/E ratio of the stock stood at 6.50 & 17.56 respectively.