HT Media Ltd (NSE:HTMEDIA)
₹ 27.74 +0.83 (+3.08%) Market Cap: 6.44 Bil Enterprise Value: 4.66 Bil PE Ratio: 0 PB Ratio: 0.40 GF Score: 68/100

Q2 2026 HT Media Ltd Earnings Call Transcript

Nov 11, 2025 / 12:30PM GMT
Release Date Price: ₹26.31 (-2.70%)

Key Points

Positve
  • HT Media Ltd (BOM:532662) reported a 4% year-over-year increase in total revenue, reaching INR499 crores.
  • EBITDA improved significantly by 33% to INR44 crores, with an expansion in EBITDA margin by 200 basis points to 9%.
  • The Print business saw a 10% growth in ad revenues, with operating EBITDA nearly doubling compared to the same period last year.
  • The Digital business demonstrated consistent growth with a 10% increase in operating revenue.
  • The company maintains a robust net cash position of INR947 crores, indicating strong financial health.
Negative
  • The Radio business continues to face challenges, with revenue slightly lower than the same period last year and an operating EBITDA of negative INR4 crores.
  • The Digital segment reported increased losses, rising to INR30 crores from INR21.7 crores in the previous quarter.
  • Circulation revenue for the English Print segment declined by 15% year-over-year, despite a sequential growth of 20%.
  • HT Media Ltd (BOM:532662) recorded a standalone exceptional item loss of INR37.76 crores due to impairments in radio and digital investments.
  • Staff costs or employee expenses have reduced sequentially, which may indicate cost-cutting measures impacting employee compensation.
Aaditya Mulani
HT Media Ltd - Investor Relations

Good evening, ladies and gentlemen. This is Aaditya Mulani from the HT Media Group. I would like to welcome you all to our quarter two financial year 2025-2026 earnings webinar. (Operator Instructions)

I now hand over to Ms. Anna Abraham, HT Media Group's Deputy CFO, Chief Financial Officer at HMVL, and the Head of Investor Relations. Thank you and over to you, Anna.

Anna Abraham
HT Media Ltd - IR Contact Officer

Thank you, Aaditya. Good evening, everyone. Welcoming all to the earnings webinar for the second quarter results of financial year '25-'26. On the call today, we have Mr. Piyush Gupta, Group CFO; Mr. Pervez Bajan, Head, Financial Controllership and Taxation; and members of our Investor Relations team.

The financial results of Hindustan Media Ventures Limited were announced yesterday, and those of HT Media was released earlier this evening. We will be discussing these results during the course of the call. Our discussion today will follow the presentation slides which, along with the

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