India · Delayed Price · Currency is INR HT Media Earnings Call Transcripts
Fiscal Year 2027
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Revenue grew 15% year-over-year with EBITDA nearly tripling and margins expanding, driven by strong print advertising and disciplined cost management. A preferential equity issue is planned to retire debt, though shareholders raised concerns about dilution and pricing.
Fiscal Year 2026
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Profitability improved in Q4 and FY 2026, led by strong print ad yields and cost discipline, while revenue remained stable. Radio and digital segments faced headwinds, prompting exits from non-viable businesses. Cash position is robust, with future investments focused on core and digital growth.
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Q3 FY25-26 saw stable revenue and improved profitability, with print and digital segments showing growth while radio faced headwinds. An exceptional item of INR 41.4 crore was booked due to new labour codes, and net cash remains strong at INR 945 crore.
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Revenue grew 4% year-over-year and 11% sequentially, led by strong print and digital performance, while radio remained challenged. EBITDA rose 33% with margin expansion, but digital and radio segments posted losses due to strategic investments and impairments.
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Q1 FY 2026 saw 6% YoY revenue growth to INR 451 crore, with print ad revenue up 17% and digital up 21%. Circulation volumes held steady, but English print revenue declined due to discounting. Radio remained challenged, while net cash stayed strong at INR 1,000 crore.
Fiscal Year 2025
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Revenue and profitability grew across most quarters, with strong gains in print and digital segments. Print margins expanded due to lower newsprint costs, while digital losses narrowed as revenue scaled. Net cash exceeded INR 1,000 crore.
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Revenue grew 9% YoY and 11% sequentially, with EBITDA up 64% YoY and strong cash reserves maintained. Print, radio, and digital segments all posted growth, though print circulation revenue declined due to promotions. Investments continue in digital and OTT, with a focus on long-term value creation.
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Revenue and operating profitability grew in Q2 FY2024-25, led by print advertising and digital gains, especially from OTTplay. Debt reduction and Ads for Equity investments improved financial metrics, while festive season and pricing initiatives are expected to support future growth.
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Revenue declined 4% YoY due to lower government ad volumes from election-related restrictions, but cost controls and digital growth helped offset some impact. Print and radio remained flat or declined, while digital revenue rose 31% YoY, though OTTplay remains loss-making.