HT Media

HT Media delivered a solid Q4 FY26 with consolidated revenue of ₹558 croreCurrent reported value: ₹558 crore. No comparable prior figure is available in the source record. (down 2% YoY) but EBITDA of ₹131 croreCurrent ₹131 crore vs previous available quarter ₹51 crore. (up 5% YoY) and margin expansion of 100 bps to 23%Current reported value: 100 bps to 23%. No comparable prior figure is available in the source record.. PAT came in at ₹96 croreCurrent reported value: ₹96 crore. No comparable prior figure is available in the source record. with a 17% margin. The print segment drove performance with advertising revenue up 10%Current 10%. Reported change: +10pp YoY. YoY to ₹313 crore, led by yield improvement rather than volume. English and Hindi ad revenues grew 9% and 12%Current 12%. Reported change: +12pp YoY. respectively. Circulation revenue rose 4% YoY, aided by higher copies in English (up 13%Current 13%. Reported change: +13pp YoY.). Radio and digital segments remained under pressure, with radio operating at a negative EBITDA of ₹17 crore. Management decisively exited the OTT play business and surrendered six loss-making radio licenses, signaling a focus on profitable growth. Forward strategy prioritizes core print investments and digital businesses. Key risk: rising newsprint costs due to rupee weakness and global supply chain disruptions could pressure margins.