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Revenue
₹511 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.
HT Media delivered a solid Q4 FY26 with consolidated revenue of ₹558 crore (down 2% YoY) but EBITDA of ₹131 crore (up 5% YoY) and margin expansion of 100 bps to 23%. PAT came in at ₹96 crore with a 17% margin. The print segment drove performance with advertising revenue up 10% YoY to ₹313 crore, led by yield improvement rather than volume. English and Hindi ad revenues grew 9% and 12% respectively. Circulation revenue rose 4% YoY, aided by higher copies in English (up 13%). 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.
Colored figures show movement against the previous available record.
Guidance to track
- Management confirmed no additional closure losses from OTT play or radio license surrenders, except marginal residual subscriber servicing costs.
- Management plans to invest in print circulation for copy share and in digital businesses (Shine, Mosaic) for future growth.
- Management aims to maintain ad yields at or above current levels, though competitive reactions may temper gains.
Risks flagged
- Management cited rising newsprint costs amplified by a weakening rupee and global supply chain disruptions as a near-term concern.
- Radio segment revenue declined and margins remained subdued; despite surrendering loss-making licenses, the sector faces industry-wide headwinds.
- Despite a large cash pile (north of ₹1,000 crore), management indicated no plans to return capital to shareholders, focusing instead on investments.
- Other income dropped by ₹50 crore YoY due to mark-to-market losses on treasury investments, which may persist if yield curves remain unfavorable.
Key quotes
- The lever for the growth in revenues is primarily yields. Volume have been by and large flat which have tracked the industry.
- We've decided to call it quits on OTT play and we've been leading the investors towards this direction for the last three or four quarters.
- We are not desperate sellers. We've got a reasonable portfolio and we'll be active sellers in the market.
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