Q1 2027 Hindustan Media Ventures Ltd Earnings Call Transcript
Key Points
- Consolidated revenue grew 15% year-over-year to INR497 crores, with EBITDA nearly tripling to INR90 crores and a 12-point margin expansion.
- Print segment advertising revenue grew 15% to INR295 crores, driven by yield improvements and government rate hikes, while circulation revenue remained resilient.
- The company maintains a robust net cash position of INR922 crores, providing financial stability and flexibility.
- Management's decision to shut down non-viable verticals is bearing fruit, with losses from discontinued operations substantially reduced and a path to sustained profitability.
- The proposed preferential issue is intended to retire 30-50% of debt at the parent level, which is expected to be accretive to EPS and improve the company's credit profile.
- Elevated newsprint prices, a weaker rupee, and global supply chain uncertainties pose significant concerns for future margins.
- Digital segment revenue declined 28% year-over-year, with operating EBITDA remaining negative at INR3 crores.
- Radio segment revenue remained flat, with operating EBITDA still negative at INR3 crores, indicating ongoing challenges in that business.
- The preferential issue at INR24 per share, well below the book value of INR70, has drawn sharp criticism from shareholders for causing significant dilution and a fall in book value per share.
- Management's inability to provide clear forward guidance on newsprint costs and margins, coupled with the lack of hedging options for the commodity, leaves earnings visibility uncertain.
Good afternoon, ladies and gentlemen. This is Aditya Malani from the HT Media Group. I would like to welcome you all to our quarter one financial year 2026-2027 earnings webinar. As a reminder, all the participants will be in listen-only mode. After we are through with the presentation, there will be an opportunity for you to ask questions.
I now hand over to Ms. Anna Abraham, HT Media Group Deputy CFO, Chief Financial Officer, HMVL, and Head Investor Relations.
Thank you and over to you, Anna.
Thank you, Aditya.
Good afternoon, everyone, and welcome to this webinar.
Today on the call with me is Mr. Piyush Gupta, Group CFO, Mr. Pervez Bajan, Head Financial Controllership and Taxation, and members of the Investor Relations team. We hope you have had an opportunity to review the results of Hindustan Media Ventures Limited and those of SGM India Limited. We will be discussing the same at the webinar today. Please note that our discussion will follow the presentation slides which
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