H T Media Ltd(HTMEDIA)

NSE: HTMEDIABSE: 532662

₹ 22.86-5.34%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 532 crWebsite: www.htmedia.inUpdated: 24 Oct 2026

About

H T Media publishes newspapers, including the English daily Hindustan Times, the Hindi daily Hindustan and the business title Mint. It also runs FM radio stations and digital businesses. It reported revenue of Rs 1,803.31 crore in FY26, and printing and publishing made up 83.6% of segment revenue that year. Hindustan Times has been published since 1924, and The Hindustan Times Limited, the promoter, holds 69.50% of the company.^[1][2][3]

Business segments

Printing and publishing of newspapers and periodicals: Rs 1,500.43 crore of revenue, 83.6% of segment revenue in FY26.^[3]
Digital: Rs 154.59 crore of revenue, 8.6% of segment revenue in FY26. Its share rose 3.4 points over FY2018-FY2026.^[3]
Radio broadcast and entertainment: Rs 139.5 crore of revenue, 7.8% of segment revenue in FY26.^[3]
In Q1 FY27, segment operating revenue was INR 376 crore for print (+16% YoY), INR 27 crore for digital (-28% YoY) and INR 32 crore for radio (+3% YoY).^[4]

Brands and products

The flagship print titles are the English daily Hindustan Times, the Hindi daily Hindustan and the business publication Mint (FY26).^[1]
The radio brands include Fever FM, Punjabi Fever and Radio Nasha (FY26).^[1]
The digital portfolio includes the Shine job portal and Shine Learning, which offers upskilling courses. HT Smartcast is the podcast and audio arm (FY26).^[1]
From Q4 FY26, the continuing digital businesses are Shine and Mosaic. Their revenue was INR 39 crore in Q4 FY26, flat YoY, and INR 155 crore for FY26.^[5]

Operations

The company's printing plants are in Greater Noida (Uttar Pradesh) and Navi Mumbai. Other publications are printed on a job-work basis (FY26).^[1]
Printing uses a mix of self-managed and franchisee-operated facilities (FY26).^[1]
Newsprint comes from domestic and international suppliers. Costs are managed by using different newsprint grades and an optimised web width (FY26).^[1]
Print plans to adopt lightweight, domestically sourced newsprint (FY26 annual report).^[1]
The company employed 1,503 people as of 31 March 2026.^[1]
As of 31 March 2026 there were 6 direct subsidiaries, including Hindustan Media Ventures, Next Mediaworks and Next Radio, plus HT Noida (Company) Limited as an indirect subsidiary.^[1]

Key operating numbers

Print advertising revenue was INR 295 crore in Q1 FY27, up 15% YoY. Management said much of the growth came from higher ad rates (yields).^[4]
English print ad revenue was INR 156 crore in Q1 FY27 (+12% YoY), and Hindi print ad revenue was INR 139 crore (+20% YoY).^[4]
Print circulation revenue was INR 52 crore in Q1 FY27, flat YoY, against INR 51 crore in Q4 FY26.^[4][5]
Print advertising revenue was INR 1,148 crore in FY26, up 8%. Management said volumes were broadly flat and the growth came from pricing.^[5]
Newsprint cost $650-700 per metric ton in Q1 FY27, which management called a post-COVID high.^[4]
Print operating EBITDA margin was 13% in Q1 FY27, compared with 14% for FY26.^[4][5]
Central government advertising rates rose by about 26% towards the end of CY2025.^[1]

Customers and distribution

Circulation is led by the Delhi market, and the company is pushing subscription-led growth (FY26).^[1]
English circulation revenue grew 13% in Q4 FY26, mainly because more copies were sold as the company went after market-by-market copy share gains.^[5]
Fever FM launched in Moradabad, the city's first private FM radio station (FY26).^[1]

Portfolio restructuring

OTTplay subscriptions stopped from 1 April 2026 and the streaming aggregation business was discontinued. No sale was reached despite talks with potential buyers.^[5][1]
The company surrendered licences for six loss-making FM radio frequencies to the Government of India. Management said all the remaining frequencies are profitable (FY26).^[5][1]
Radio's EBITDA loss narrowed to INR 3 crore in Q1 FY27 from INR 7 crore a year earlier, after the frequency surrenders.^[4]
Consolidated employee cost fell to about INR 99 crore in Q1 FY27 from INR 111 crore in Q1 FY26, as headcount was reduced at both HT Media and HMVL.^[4]
The HT Content Studio LLP joint venture was struck off and ceased to be a JV from 8 September 2025.^[1]

Recent developments

In Q1 FY27 the board approved a preferential share issue in HT Media and Digicontent Limited. The proceeds are meant to retire 30-50% of the debt in those two entities.^[4]
Consolidated net cash was INR 922 crore in Q1 FY27 and sits in HMVL. HMVL's own board decides how that cash is used, and no transfer to HT Media is planned.^[4]
In Q3 FY26 the company booked an exceptional charge of INR 41.4 crore to true up gratuity liabilities under the new labour code.^[6]
In Q2 FY26 the standalone company booked an exceptional impairment of INR 37.76 crore, about 90% of it on its radio subsidiaries.^[7]

Market Cap

₹532 Cr

High / Low

₹31 / 18

Stock P/E

-58.1

Price / Book

0.4

Book Value

₹70

EPS

₹-2.3

No. of Shares

23.28 Cr

ROCE

7.4%

ROE

-3.3%

OPM

10.4%

Debt / Equity

0.41

Sales

₹1,803 Cr

Net Profit

₹-49 Cr

Promoter holding

69.5%

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H T Media Ltd(HTMEDIA)

About

Business segments

Brands and products

Operations

Key operating numbers

Customers and distribution

Portfolio restructuring

Recent developments

Signal history

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