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Revenue
₹216 Cr
verified against source
Revenue YoY
-2%
reported change
EBITDA
₹131 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
HMVL reported a mixed Q4 FY26 with consolidated revenue declining 2% YoY to ₹558 crore, but EBITDA grew 5% to ₹131 crore and margins expanded 100bps to 23%. PAT stood at ₹96 crore with a 17% margin. Print advertising revenue grew 10% YoY driven by yield improvement, while circulation revenue rose 4%. The company decisively exited the OTT play business and surrendered six loss-making radio licenses, incurring exceptional losses of ₹215 crore for the year. Management guided no further material losses from discontinued operations and plans to invest in core print and digital businesses. Risks include rising newsprint costs due to rupee weakness and competitive pressure on ad yields.
Colored figures show movement against the previous available record.
Guidance to track
- Management confirmed no additional exceptional losses expected from OTT play shutdown or radio license surrenders, except marginal residual subscriber servicing costs.
- Company will invest in circulation copy share and digital businesses (Shine, Mosaic) while maintaining ad yield improvements.
- Management plans to sustain ad rate improvements despite competitive pressures, though no specific targets given.
Risks flagged
- Management cited rising newsprint costs amplified by a weakening rupee and global supply chain disruptions as a near-term concern.
- Management acknowledged that maintaining 100% ad yield gains is not sustainable due to likely competitive reactions.
- Radio segment revenue declined and margins remain subdued; industry-wide issues persist despite surrendering loss-making licenses.
- Analyst questioned cash deployment policy; management indicated no plans for dividends or buybacks, focusing on investments.
Key quotes
- The fourth quarter of 2526 and the full year marked a period of decisive transformation for your company. One characterized by meaningful improvement in profitability even as consolidated revenue remained broadly stable on an annual basis.
- We've looked at the entire portfolio of businesses and we've cleaned up as much as possible.
- We are not desperate sellers. We've got a reasonable portfolio and we'll be active sellers in the market.
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