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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹497 Cr
verified against source
Revenue YoY
0%
reported change
EBITDA
₹51 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
HT Media's Q3 FY26 consolidated revenue was flat YoY at ₹532 crore, with EBITDA of ₹51 crore (margin 10%, up 900bps YoY) and PAT before exceptional items at ₹17 crore. Print advertising grew 8% YoY to ₹301 crore, driven by English titles, while circulation revenue held steady at ₹53 crore. Radio revenue fell sharply to ₹34 crore due to a high base effect from a prior-year event, though sequentially stable. Digital revenue surged 30% YoY to ₹67 crore, with segment losses narrowing to ₹23 crore. Management highlighted disciplined cost control and stable print performance but offered no specific forward guidance. Risks include potential newsprint price increases from Q1 FY27, competitive pressure in Hindi markets, and the impact of new labor code provisions on gratuity costs.
Colored figures show movement against the previous available record.
Guidance to track
- Management indicated no major shift in newsprint prices for the next quarter, with coverage extending to Q1 FY27, after which some upward movement may occur.
- Management reiterated that they do not provide specific guidance on projections, focusing on sustaining current momentum.
Risks flagged
- Management noted potential upward movement in newsprint prices after Q1 FY27, which could pressure margins.
- An exceptional item of ₹41.4 crore was booked for gratuity liability under new labor laws; future cost absorption remains uncertain.
- Hindi print advertising saw a marginal decline of 4% YoY, with management citing competitive pressure and pricing challenges.
Key quotes
- Our core print segment continues to demonstrate posting growth on more than annual cultural basis.
- The radio business continues to navigate a challenging market environment where revenues and margins pressure performances remain stable on a sequential basis.
- We have conversations but it's not good to share anything on this call.
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