HT Media Limited has released the transcript of its conference call held on May 29, 2026, discussing the audited financial results for the quarter and financial year ended March 31, 2026. For the fourth quarter of FY2025-26, HT Media reported a total revenue of ₹558 crore, a 2% decrease year-on-year. However, EBITDA increased by 5% to ₹131 crore, with margins expanding by 100 basis points to 23%. Profit After Tax (PAT) stood at ₹96 crore, resulting in a PAT margin of 17%. On a full-year basis, revenue remained flat, while EBITDA grew by 8% to ₹298 crore. EBITDA margins saw a 100-basis point improvement, and PAT was ₹153 crore with an 8% margin. The company maintained a robust net cash position exceeding ₹1,000 crore. The Print business demonstrated strong performance, with advertising revenue growing 10% to ₹313 crore in the quarter and 8% to ₹1,148 crore for the full year, primarily driven by yield improvements. Circulation revenue saw a 4% increase in the quarter to ₹51 crore and was nearly flat for the full year at ₹1,500 crore. Operating EBITDA for the Print segment was ₹97 crore in Q4FY26 with a 23% margin, and ₹208 crore for the full year with a 14% margin. The Radio business experienced a revenue decline due to a high base from prior year's event-led revenue and industry-wide issues. Operating revenue for the quarter was ₹43 crore with an operating EBITDA of negative ₹7 crore. For the full year, revenue was ₹140 crore with an operating EBITDA of negative ₹22 crore. The company has surrendered non-viable licenses to improve profitability. In the Digital segment, primarily Shine and Mosaic, revenues for continued operations remained steady. Operating revenue for the quarter was ₹39 crore with an operating EBITDA of negative ₹2 crore. For the full year, operating revenue was ₹155 crore with an operating EBITDA of negative ₹8 crore. The company also confirmed the discontinuation of the 'OTTplay' business, citing challenging market conditions and the focus on profitable growth. Management indicated that future investments will be prioritized towards the core Print business and Digital ventures. The company does not anticipate further significant one-time losses from discontinued operations, though marginal losses related to servicing residual OTTplay subscriptions may occur in FY2027.
