HMVL

Hindustan Media Ventures financials

Market cap
₹676 Cr
Sector
Media, Entertainment & Publication
Calls analysed
7
Latest concall · Q1 FY27 · call held 12 Aug 2026

Hindustan Media Ventures Limited Q1 FY27

Revenue ₹497 cr +15%EBITDA ₹90 cr +200%EBITDA Margin 18.1% PAT ₹47 cr

What went well

  • Total revenue grew by 15% to INR 497 crore, indicating strong top-line growth.
  • EBITDA increased nearly 3x to INR 90 crore, with a significant 12-point margin expansion, showcasing improved operational efficiency.
  • PAT improved substantially to INR 47 crore, achieving a 9% PAT margin, reflecting enhanced profitability.

What to watch

  • Elevated newsprint prices ($650-700/metric ton), a weaker rupee, and global supply chain uncertainties are causes for concern, potentially impacting future margins.
  • The preferential issue pricing at INR 24.7 per share, significantly below the book value of INR 70 per share, was criticized for leading to 15% dilution for public shareholders and ethical implications.
Read the full call →

What Hindustan Media Ventures Limited does

Hindustan Media Ventures Limited, a subsidiary of HT Media Limited, publishes the Hindi daily newspaper 'Hindustan' along with regional publications Hindustan Smart, Fursat and Anokhi. It serves readers across Delhi, Uttarakhand, Uttar Pradesh, Bihar and Jharkhand, earning revenue mainly from advertising and newspaper circulation. The company holds leading readership positions in several of these markets and runs large-scale brand and community-engagement events such as Hindustan Utsav, Hindustan Olympiad and Hindustan Shikhar Samagam alongside its core publishing business.

Segments

  • Print - Hindi
Markets served
Delhi, Uttarakhand, Uttar Pradesh, Bihar and Jharkhand
Key publications/brands
4 (Hindustan, Hindustan Smart, Fursat, Anokhi)
Readership rank - Bihar
#1 (Average Issue Readership, IRS Q4 2019)
Readership rank - Uttarakhand
#1 (Average Issue Readership, IRS Q4 2019)
Readership rank - Delhi
#2 (Average Issue Readership, IRS Q4 2019)
Readership rank - Jharkhand
#2 (Average Issue Readership, IRS Q4 2019)
Headquarters New Delhi, India Company website

Guidance record · Q1 FY27

what the last two calls moved 11 tracked 3 delivered 3 missed 5 open
  • OTTplay Expenses delivered said Q3 FY25 Promised: Go down for sure Q1 FY27: Business discontinued as of Q4 FY26. Q1 FY27 results reflect the positive financial impact of this decision, confirming the 'achievement' of expense reduction by elimination.
  • Radio Business Yields missed said Q3 FY25 Promised: Bring it up to a pre-Covid level sooner rather than later Q1 FY27: Operating EBITDA remains negative at -3 cr. The business has been fundamentally restructured, and the original promise of returning to pre-Covid yield levels is no longer relevant and remains unachieved.
  • Radio Business Profitability on track said Q4 FY26 Promised: All existing frequencies are profitable frequencies and obviously our intent is to increase the profitability as we go forward. Q1 FY27: Operating EBITDA loss reduced to -3 cr from -7 cr in Q4 FY26. This is an improvement in profitability.

All 11 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 19.4%, net profit up 410.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue172 197 182 165 197 +15%183 −7%216 +19%197 +19%
EBITDA-14 2 24 9 -10 +29%20 +900%65 +171%28 +211%
Net profit14 18 45 10 10 −29%1 −94%27 −40%51 +410%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −6.8% 1Y

₹60₹70₹80₹90₹100Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 11 Nov 2025Q3 FY26 — 28 Jan 2026Q4 FY26 — 29 May 2026Q1 FY27 — 12 Aug 2026

1Y: ₹85.75 on 10 Sept 2025 → ₹79.9. High ₹104.45 (4 Aug 2026), low ₹55.93 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+0.2%
12 Aug
Q4 FY26
+7.1%
29 May
Q3 FY26
+2.4%
28 Jan
Q2 FY26
−4.3%
11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 2.2% a year over 3 years, FY23 to FY26. Operating margin widened to 11.0%.

Year endingFY23FY24FY25FY26
Revenue₹714 Cr₹705 Cr₹713 Cr₹761 Cr
Operating profit₹-86 Cr₹-74 Cr₹-6 Cr₹84 Cr
Operating margin-12.1%-10.5%-0.8%11.0%
Interest₹16 Cr₹14 Cr₹7 Cr₹7 Cr
Depreciation₹30 Cr₹28 Cr₹20 Cr₹17 Cr
Net profit₹-47 Cr₹10 Cr₹78 Cr₹48 Cr
Net margin-6.5%1.4%10.9%6.3%
Cash from operations₹52 Cr₹16 Cr₹38 Cr₹72 Cr
Free cash flow₹40 Cr₹24 Cr₹42 Cr₹91 Cr
ROCE-3.0%0.0%5.0%12.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹74 Cr₹74 Cr₹74 Cr₹74 Cr₹74 Cr₹74 Cr
Reserves₹1.5k Cr₹1.5k Cr₹1.4k Cr₹1.4k Cr₹1.5k Cr₹1.5k Cr
Borrowings₹88 Cr₹120 Cr₹107 Cr₹85 Cr₹40 Cr₹85 Cr
Other liabilities₹433 Cr₹474 Cr₹604 Cr₹684 Cr₹711 Cr₹794 Cr
Total liabilities₹2.1k Cr₹2.2k Cr₹2.2k Cr₹2.2k Cr₹2.3k Cr₹2.5k Cr
Fixed assets₹330 Cr₹323 Cr₹358 Cr₹368 Cr₹366 Cr₹414 Cr
Capital work in progress₹16 Cr₹20 Cr₹35 Cr₹3 Cr₹0 Cr₹0 Cr
Investments₹1.4k Cr₹1.5k Cr₹1.4k Cr₹1.4k Cr₹1.5k Cr₹1.7k Cr
Other assets₹344 Cr₹327 Cr₹370 Cr₹457 Cr₹406 Cr₹360 Cr
Total assets₹2.1k Cr₹2.2k Cr₹2.2k Cr₹2.2k Cr₹2.3k Cr₹2.5k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count shrank 10% to 16,498.

Promoters
74.4%
FIIs
0.1%
Government
0.1%
Public
25.2%
Others
0.2%

Since Jun 2025

  • Government +0.07 pp
  • FIIs −0.06 pp
  • Public −0.01 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 74.4%, FIIs 0.2%, Public 25.1%, Others 0.3%.Dec '23: Promoters 74.4%, FIIs 0.3%, Public 25.0%, Others 0.3%.Mar '24: Promoters 74.4%, FIIs 0.2%, Public 25.2%, Others 0.2%.Jun '24: Promoters 74.4%, FIIs 0.2%, Public 25.2%, Others 0.2%.Sep '24: Promoters 74.4%, FIIs 0.2%, Public 25.2%, Others 0.2%.Dec '24: Promoters 74.4%, FIIs 0.2%, Public 25.2%, Others 0.2%.Mar '25: Promoters 74.4%, FIIs 0.2%, Public 25.2%, Others 0.2%.Jun '25: Promoters 74.4%, FIIs 0.2%, Public 25.2%, Others 0.2%.Sep '25: Promoters 74.4%, FIIs 0.2%, Public 25.2%, Others 0.2%.Dec '25: Promoters 74.4%, FIIs 0.1%, Government 0.1%, Public 25.2%, Others 0.2%.Mar '26: Promoters 74.4%, FIIs 0.1%, Government 0.1%, Public 25.2%, Others 0.2%.Jun '26: Promoters 74.4%, FIIs 0.1%, Government 0.1%, Public 25.2%, Others 0.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Hindustan Media Ventures Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Ht Media Limited 74.40%unchanged
Elimath Advisors Private Limited 7.54%+1.03 pp
Shalu Aggarwal 1.48%−0.55 pp
Ranga Prasad Nuthakki 1.06%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Hindustan Media Ventures Limited

Guides on how to read this kind of business and the numbers that matter.