HT Media Limited (HTMEDIA) Q3 24/25 earnings summary

Executive summary

• Consolidated revenue and operational profitability improved year-over-year and sequentially, driven by festive season demand and strong performance across print, radio, and digital segments.

• EBITDA increased 64% year-over-year and 42% sequentially to INR 46 crore.

• PAT loss narrowed to INR 3 crore, a 50% sequential improvement.

• Print advertising revenue grew due to favorable price/mix, with margin improvements on both YoY and QoQ basis.

• Board approved unaudited financial results, amalgamation, and investment in Mosaic Media Ventures.

Financial highlights

• Consolidated revenue for Q3 FY25 was Rs. 48,980 lakhs, up 9% YoY and 11% sequentially.

• EBITDA stood at Rs. 4,640 lakhs, up 64% YoY and 42% sequentially.

• PAT/net loss for Q3 FY25 was Rs. 324 lakhs, improved from Rs. 1,514 lakhs YoY.

• Cash/net cash position at INR 940 crore as of December, up 22% YoY.

• Loss per share (consolidated) for Q3 FY25 was Rs. (0.26), improved from Rs. (0.57) in Q3 FY24.

Outlook and guidance

• No specific revenue or earnings guidance provided.

• Focus on sustaining positive momentum across print, radio, and digital, ensuring smooth leadership transition, and continued investment in digital platforms and new business adjacencies.

• Investment in Mosaic Media Ventures aims to grow the subsidiary's media and research business.