HT Media Limited (HTMEDIA) Q2 24/25 earnings summary

Executive summary

• Revenue and operating profitability improved in Q2 FY25, driven by pricing, cost management, and operational efficiency, with print advertising and digital (especially OTTplay) leading growth.

• Radio business remained flat, while digital segment growth was offset by continued investment losses.

• Consolidated revenue from operations for Q2 FY25 was ₹42,375 lakhs, up from ₹39,399 lakhs in Q2 FY24, with total income at ₹47,928 lakhs for the quarter.

• The group reported a consolidated net loss after tax of ₹633 lakhs for Q2 FY25, a significant improvement from a loss of ₹5,695 lakhs in Q2 FY24.

• The company is focused on leveraging festive season demand and enhancing audience and advertiser experiences.

Financial highlights

• Consolidated revenue grew 12% year-over-year and sequentially, reaching INR 252 crore, and ₹479 crore reported in another source.

• EBITDA improved to ₹33 crore from a loss of ₹1 crore in Q2 FY24; EBITDA margin increased to 7%.

• PAT loss narrowed to ₹6 crore from ₹26 crore year-over-year; PAT margin improved to -1%.

• Net cash position increased 12% year-over-year to ₹919 crore.

• Positive cash flow was generated during the quarter, with asset sales contributing to positive investing cash flows.

Outlook and guidance

• No specific revenue or earnings guidance was issued.

• The company expects growth momentum to continue, supported by festive season activity and ongoing pricing improvements.

• Economic indicators suggest a slight plateauing in consumption, which may impact future growth.

• The impact of the proposed merger of HT Mobile Solutions Limited with the parent is pending NCLT order and has not been considered in the current results.