Q1 2027 HT Media Ltd Earnings Call Transcript
Key Points
- Consolidated revenue grew 15% YoY to INR497 crore, with EBITDA nearly tripling to INR90 crore and margin expanding by 12 points.
- PAT improved substantially to INR47 crore, with PAT margin rising to 9%.
- Print advertising revenue grew 15% YoY, driven by yield improvements and government rate hikes, while circulation revenue remained resilient.
- Radio segment is now operating on a leaner, more sustainable footprint after surrendering non-viable station licenses, with revenue broadly steady.
- Net cash position remains robust at INR942 crore, and the company is focused on disciplined cost management, including employee cost reductions.
- Elevated newsprint prices, a weaker rupee, and global supply-chain uncertainties pose significant cost pressures, with newsprint at a post-COVID peak of $650-$700 per metric ton.
- Digital segment revenue declined 28% YoY, with negative EBITDA of INR3 crore, as the company resets its portfolio for sustainable growth.
- Radio segment reported negative EBITDA of INR3 crore, indicating ongoing operational challenges despite restructuring.
- The proposed preferential issue at INR24 per share, well below book value of INR70, will dilute existing shareholders by 15% and reduce book value per share.
- Management's decision to raise capital via preferential issue, rather than a rights issue, has drawn criticism from shareholders, who question the timing and pricing, especially given the company's healthy consolidated cash position.
Good afternoon, ladies and gentlemen. This is Aaditya Mulani from the HT Media Group. I would like to welcome you all to our quarter-one financial year 2026-'27 earnings webinar.
(Event Instructions)
I now hand over to Ms. Anna Abraham, HT Media Group's Deputy CFO, Chief Financial Officer, HMVL, and Head of Investor Relations. Thank you and over to you, Anna.
Thank you, Aaditya. Good afternoon, everyone. Welcome to this webinar.
Today, on the call, with me are Mr. Piyush Gupta, Group CFO; Mr. Pervez Bajan, Head, Financial Controllership and Taxation; and members of the Investor Relations team.
We hope you've had an opportunity to review the results of Hindustan Media Ventures Limited and those of HT India Limited. We will be discussing the same at the webinar today.
Please note that our discussion will follow the presentation slides, which, along with the financial statements, are available on the
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