Consolidated Financial Performance (HT Media Group)
Full Year FY2026 Performance (vs FY2025):
- Total Revenue: ₹1,971 crore (0% YoY change)
- EBITDA: ₹298 crore (8% increase from ₹276 crore)
- EBITDA Margin: 15% (up from 14%)
- PAT: ₹153 crore (44% increase from ₹106 crore)
- PAT Margin: 8% (up from 5%)
- Cash Position: ₹1,001 crore (1% decrease from ₹1,008 crore)
Q4 FY2026 Performance (vs Q4 FY2025):
- Total Revenue: ₹558 crore (2% decrease from ₹568 crore)
- EBITDA: ₹131 crore (5% increase from ₹124 crore)
- EBITDA Margin: 23% (up from 22%)
- PAT: ₹96 crore (15% increase from ₹83 crore)
- PAT Margin: 17% (up from 15%)
Expense Breakdown (Full Year FY2026):
- Raw Material Expense: ₹430 crore (4% increase from ₹415 crore)
- Employee Cost: ₹419 crore (3% increase from ₹408 crore)
- Other Expenses: ₹824 crore (5% decrease from ₹865 crore)
- Other Income: ₹168 crore (23% decrease from ₹218 crore)
Business Unit Performance
Print Business (Combined English & Hindi):
Full Year FY2026:
- Advertising Revenue: ₹1,148 crore (8% increase from ₹1,065 crore)
- Circulation Revenue: ₹208 crore (2% decrease from ₹211 crore)
- Operating Revenue: ₹1,500 crore (8% increase from ₹1,386 crore)
- Operating EBITDA: ₹208 crore (82% increase from ₹114 crore)
- Operating EBITDA Margin: 14% (up from 8%)
Q4 FY2026:
- Advertising Revenue: ₹313 crore (10% increase from ₹285 crore)
- Circulation Revenue: ₹51 crore (4% increase from ₹49 crore)
- Operating Revenue: ₹427 crore (15% increase from ₹373 crore)
- Operating EBITDA: ₹97 crore (63% increase from ₹60 crore)
- Operating EBITDA Margin: 23% (up from 16%)
Print - English Business:
- Advertising demonstrated strong growth for the year driven by Government and Commercial revenue
- Circulation improved significantly for the quarter
Print - Hindi Business (HMVL):
- Advertising saw an upswing as Government revenue improved and key Commercial segments performed well
- Circulation held steady for both quarter and year
Radio Business:
Full Year FY2026:
- Operating Revenue: ₹140 crore (32% decrease from ₹204 crore)
- Operating EBITDA: -₹22 crore (from -₹6 crore)
- Operating EBITDA Margin: -16% (from -3%)
Q4 FY2026:
- Operating Revenue: ₹43 crore (48% decrease from ₹82 crore)
- Operating EBITDA: -₹7 crore (from -₹3 crore)
- Operating EBITDA Margin: -16% (from -3%)
The decline attributed to high events-led revenue in the base period and industry-wide issues. Company has surrendered non-viable radio licenses to sharpen network footprint.
Digital Business:
Full Year FY2026:
- Operating Revenue: ₹155 crore (2% increase from ₹152 crore)
- Operating EBITDA: -₹8 crore (from -₹4 crore)
- Operating EBITDA Margin: -5% (from -3%)
Q4 FY2026:
- Operating Revenue: ₹39 crore (0% change from ₹39 crore)
- Operating EBITDA: -₹2 crore (from -₹1 crore)
- Operating EBITDA Margin: -6% (from -4%)
Company discontinued 'OTTplay' business as part of focus on profitable growth.
Management Commentary
Chairperson Shobhana Bhartia stated that FY2026 marked "a period of decisive transformation" with meaningful improvement in profitability despite stable consolidated revenue. She noted concerns about rising newsprint costs amplified by weakening rupee and global supply chain disruptions, but emphasized cost discipline management.
Balance Sheet Highlights
HT Media Limited Consolidated Balance Sheet (as of 31st March 2026):
- Total Assets: ₹3,969 crore (from ₹3,933 crore)
- Non-current Assets: ₹1,948 crore
- Current Assets: ₹2,022 crore
- Total Equity: ₹2,009 crore (from ₹2,049 crore)
- Non-current Liabilities: ₹144 crore (from ₹173 crore)
- Current Liabilities: ₹1,816 crore (from ₹1,710 crore)
Hindustan Media Ventures Limited Consolidated Balance Sheet (as of 31st March 2026):
- Total Assets: ₹2,466 crore (from ₹2,285 crore)
- Non-current Assets: ₹1,207 crore
- Current Assets: ₹1,259 crore
- Total Equity: ₹1,587 crore (from ₹1,534 crore)
- Non-current Liabilities: ₹45 crore (from ₹28 crore)
- Current Liabilities: ₹833 crore (from ₹723 crore)