HTMEDIA
H T Media financials
- Market cap
- ₹622 Cr
- Calls analysed
- 7
H T Media Q1 FY27
What went well
- Total revenue grew by 15% year-on-year to INR 497 crore.
- EBITDA increased nearly 3x to INR 90 crore, with a 12-point margin expansion.
- PAT improved substantially to INR 47 crore, and PAT margin reached 9%.
What to watch
- Elevated newsprint prices, a weaker rupee, and global supply chain uncertainties pose ongoing concerns.
- The Digital segment's operating revenue declined by 28%, resulting in a negative operating EBITDA of INR 3 crore with a negative 12% margin.
What H T Media does
HT Media publishes English and Hindi newspapers under the Hindustan Times, Hindustan and Mint mastheads, earning advertising and circulation revenue from these dailies. It operates an FM radio network — Fever FM, Punjabi Fever, Radio Nasha and Radio One — monetised mainly through advertising and events. Its Digital arm runs Shine, a recruitment and upskilling platform, and Mosaic Digital, which publishes business and technology content through the VCCircle and TechCircle brands. The company also curates live events (HT Events) built around its media brands.
Segments
- Radio
- Digital
- Business segments
- 3 (Print, Radio, Digital)
- Flagship print mastheads
- Hindustan Times, Hindustan, Mint (English & Hindi)
- FM radio station brands
- 4 (Fever FM, Punjabi Fever, Radio Nasha, Radio One)
- Digital platforms
- Shine (recruitment/upskilling); Mosaic Digital — VCCircle & TechCircle (business/tech content)
- Live-events vertical
- HT Events
Guidance record · Q1 FY27
what the last two calls moved 9 tracked 0 delivered 4 missed 5 open- OTTplay Annual Revenue missed said Q3 FY25 Promised: ₹200-250 crores in a couple of years Q1 FY27: Business remains discontinued. Promise is permanently missed.
- Remaining Radio Frequencies 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: Radio segment operating EBITDA improved to -3cr from -7cr in Q4 FY26, showing progress towards increased profitability.
All 9 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 6.0%, net profit up 36.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 240 | 286 | 302 | 222 | 244 +2% | 278 −3% | 288 −5% | 236 +6% |
| EBITDA | -6 | 5 | 22 | -15 | 9 +260% | 19 +259% | 23 +5% | 1 +107% |
| Net profit | -10 | 7 | -48 | -13 | -51 −436% | -18 −374% | -40 +17% | -8 +37% |
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 −5.6% 1Y
1Y: ₹26.39 on 10 Sept 2025 → ₹24.92. High ₹28.66 (5 Aug 2026), low ₹18.14 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +8.2%
- 5 Aug
- Q4 FY26
- +2.3%
- 29 May
- Q3 FY26
- +3.6%
- 28 Jan
- Q2 FY26
- −2.7%
- 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 fell 15.5% a year over 3 years, FY23 to FY26. Operating margin widened to 3.5%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.7k Cr | ₹930 Cr | ₹1.0k Cr | ₹1.0k Cr |
| Operating profit | ₹-139 Cr | ₹-9 Cr | ₹1 Cr | ₹36 Cr |
| Operating margin | -8.1% | -1.0% | 0.1% | 3.5% |
| Interest | ₹77 Cr | ₹63 Cr | ₹60 Cr | ₹51 Cr |
| Depreciation | ₹132 Cr | ₹80 Cr | ₹69 Cr | ₹67 Cr |
| Net profit | ₹-252 Cr | ₹-117 Cr | ₹-65 Cr | ₹-122 Cr |
| Net margin | -14.7% | -12.6% | -6.2% | -11.8% |
| Cash from operations | ₹-99 Cr | ₹-66 Cr | ₹30 Cr | ₹33 Cr |
| Free cash flow | ₹-109 Cr | ₹-52 Cr | ₹77 Cr | ₹24 Cr |
| ROCE | -3.0% | 1.0% | 3.0% | 3.0% |
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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹46 Cr | ₹46 Cr | ₹46 Cr | ₹46 Cr | ₹46 Cr | ₹46 Cr |
| Reserves | ₹1.1k Cr | ₹1.1k Cr | ₹803 Cr | ₹657 Cr | ₹1.6k Cr | ₹475 Cr |
| Borrowings | ₹758 Cr | ₹746 Cr | ₹759 Cr | ₹804 Cr | ₹801 Cr | ₹685 Cr |
| Other liabilities | ₹543 Cr | ₹531 Cr | ₹495 Cr | ₹457 Cr | ₹1.6k Cr | ₹385 Cr |
| Total liabilities | ₹2.4k Cr | ₹2.4k Cr | ₹2.1k Cr | ₹2.0k Cr | ₹4.0k Cr | ₹1.6k Cr |
| Fixed assets | ₹893 Cr | ₹803 Cr | ₹706 Cr | ₹572 Cr | ₹901 Cr | ₹433 Cr |
| Capital work in progress | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹16 Cr | ₹7 Cr | ₹3 Cr |
| Investments | ₹759 Cr | ₹738 Cr | ₹565 Cr | ₹433 Cr | ₹1.9k Cr | ₹442 Cr |
| Other assets | ₹793 Cr | ₹861 Cr | ₹831 Cr | ₹943 Cr | ₹1.2k Cr | ₹713 Cr |
| Total assets | ₹2.4k Cr | ₹2.4k Cr | ₹2.1k Cr | ₹2.0k Cr | ₹4.0k Cr | ₹1.6k 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 14% to 39,192.
- Promoters
- 69.5%
- DIIs
- 0.1%
- Public
- 29.8%
- Others
- 0.6%
Since Jun 2025
- FIIs −0.02 pp
- Public +0.02 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 69.5%, FIIs 0.1%, DIIs 0.1%, Public 29.7%, Others 0.6%.Dec '23: Promoters 69.5%, FIIs 0.3%, DIIs 0.1%, Public 29.6%, Others 0.6%.Mar '24: Promoters 69.5%, FIIs 0.1%, DIIs 0.1%, Public 29.7%, Others 0.6%.Jun '24: Promoters 69.5%, FIIs 0.1%, DIIs 0.1%, Public 29.7%, Others 0.6%.Sep '24: Promoters 69.5%, DIIs 0.1%, Public 29.8%, Others 0.6%.Dec '24: Promoters 69.5%, FIIs 0.0%, DIIs 0.5%, Public 29.3%, Others 0.6%.Mar '25: Promoters 69.5%, FIIs 0.0%, DIIs 0.5%, Public 29.3%, Others 0.6%.Jun '25: Promoters 69.5%, FIIs 0.0%, DIIs 0.1%, Public 29.8%, Others 0.6%.Sep '25: Promoters 69.5%, FIIs 0.1%, DIIs 0.1%, Public 29.7%, Others 0.6%.Dec '25: Promoters 69.5%, FIIs 0.1%, DIIs 0.1%, Public 29.8%, Others 0.6%.Mar '26: Promoters 69.5%, FIIs 0.0%, DIIs 0.1%, Public 29.8%, Others 0.6%.Jun '26: Promoters 69.5%, DIIs 0.1%, Public 29.8%, Others 0.6%.
Who is on the register
Named in the Jun 2026 filing
Every holder of H T Media above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| The Hindustan Times Limited | 69.50% | unchanged |
| Ranga Prasad N | 3.09% | unchanged |
| Ranga Prasad Nuthakki | 1.92% | unchanged |
| Anand Sagar | 1.31% | −0.11 pp |
| Shamit Bhartia | 0.00% | unchanged |
| Shobhana Bhartia | 0.00% | unchanged |
| Priyavrat Bhartia | 0.00% | 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 H T Media
Guides on how to read this kind of business and the numbers that matter.