HT Media Limited (HTMEDIA) Q4 25/26 earnings summary

Executive summary

• Q4 and FY 2026 marked a period of transformation with improved profitability, though consolidated revenue remained broadly stable year-over-year.

• Print business delivered strong performance, driven by advertising-led revenue growth and higher profitability in both English and Hindi segments.

• Radio business faced revenue decline due to a high base and industry-wide challenges; non-viable licenses were surrendered to improve profitability.

• Digital segment underwent a reset, discontinuing the OTTplay business to focus on profitable growth.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 were approved, with the audit opinion unmodified.

Financial highlights

• FY26 consolidated revenue was INR 1,80,331 lakhs, up from INR 1,74,584 lakhs in FY25; Q4 revenue was INR 558 crore, down 2% YoY.

• EBITDA for FY26 rose 8% YoY to INR 29,842 lakhs, with margin expanding to 15%; PAT for FY26 increased 44% YoY to INR 153 crore, PAT margin 8%.

• Net cash position remained robust, exceeding INR 1,000 crore at year-end.

• Consolidated net loss after tax and share of profit of JV was INR 5,427 lakhs for FY26, compared to a profit of INR 195 lakhs in FY25, due to significant exceptional items.

• Investment of up to Rs. 5 crores in Mosaic Media Ventures Private Limited, a wholly owned subsidiary, was approved.

Outlook and guidance

• No specific revenue or earnings guidance provided; management expects no further exceptional or one-time losses from discontinued businesses, barring minor residual impacts from winding down OTTplay.

• The Group continues to monitor regulatory developments, especially regarding new Labour Codes, and will adjust accounting as needed.

• Focus remains on investing in core print and digital businesses for sustainable long-term value and cost discipline.