HT Media Limited (HTMEDIA) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 began with strong year-over-year growth in operating revenue and profitability, driven by robust print advertising and expanding digital platforms, while radio faced industry-wide challenges and tepid growth.

• Print advertising revenue saw significant growth, with circulation volumes stable or improving sequentially.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025.

• Statutory auditors issued an unmodified limited review report on both standalone and consolidated results.

• Approved investment of up to Rs. 15 crore in Mosaic Media Ventures Private Limited, a wholly owned subsidiary.

Financial highlights

• Total consolidated revenue for Q1 FY26 was INR 451 crore (INR 41,215 lakhs), up 6% year-over-year, but down 23% sequentially.

• PAT loss narrowed to INR 11 crore (INR 1,137 lakhs) from INR 28 crore year-over-year; PAT margin improved to -3%.

• EBITDA for the quarter was INR 10 crore (INR 975 lakhs), up 33% year-over-year, but down 90% sequentially.

• Net cash position remains strong at nearly INR 1,000 crore (₹976 crore), up 14% year-over-year.

• Standalone revenue from operations was INR 22,210 lakhs, with a net loss after tax of INR 1,261 lakhs.

Outlook and guidance

• No specific revenue or earnings guidance provided; management expects continued investment in digital and print, selective market expansion, and ongoing circulation discounting to drive long-term growth.

• Focus remains on accelerating digital growth, deepening print impact, and reimagining radio with integrated formats.

• Investment in Mosaic Media Ventures aims to financially support the subsidiary and strengthen the group’s digital and research capabilities.