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Total income rose to Rs 2,025.3 crore in the third quarter of this fiscal year from Rs 1,398.6 crore in the corresponding period of the previous year, according to a regulatory filing.

“Both Q2 over Q1 and Q3 over Q2, we have grown in subscribers but the rate of growth will get accelerated as the global ad networks find a solution and work with publishers like us. The net new subscriber addition is 4% quarter on quarter which used to be 5-6% month on month and that it is purely driven by marketing spends and our ability to spend on performance.”

The board of directors of the company in its meeting also declared an interim dividend of Rs 0.75 per equity share having a face value of Rs 2 each, the company said.

“We operate in a very conservative way on our debt. But the debt has not gone; there are a lot of small adjustments here and there and we are keeping a higher inventory. That is the order of the day. So, we are not trying to run very lean at this particular moment.”

The appearance of a downward gap in today’s trade ensures a shift of range on the lower side. Hence, minor recovery might be there. However, levels of 17,300 could turn out as near term resistance. Nifty broke below the recent low, however, sustenance below 17,000 is essential to unlocking further downside till 16,630 zone.

Kuantum Papers, Metropolis Healthcare, Globus Spirits and HLE Glasscoat shed 13-16 per cent each. Internet companies saw another round of knockout

“With the economy rebounding, we are seeing green shoots coming up for Q4 as the GDP looks stronger for the coming years. We expect people to get more aggressive in terms of riding on to the new wave that is going to come up....There is definitely no change in business strategy. Whatever we have committed is going to continue whether it is ROE commitments that we have made on 20% ROE, OCF and OCF growth as well as the OCF growth year on year. ”

The Nikkei share average lost 2.23% to close at 27,079.59, posting its biggest daily percentage drop since Jan. 27 and touching below the 27,000 level for the first time since Jan. 31. The broader Topix lost 1.63% to 1,930.65.

The revenue from operations for the quarter came in at Rs 5,784.74 crore, up 56.48 crore compared to Rs 3,696.61 crore in the year-ago quarter.

The S&P/ASX 200 index rose 0.4% to 7,243.90 in its best session since Feb. 10. The benchmark ended 1% lower on Friday.