The Delhi-headquartered HT Media group, which publishes the English daily Hindustan Times, Hindi Hindustan, and business daily Mint and operates a host of digital properties and radio stations, has announced its consolidated Q2 results for the quarter ending 30 September for the fiscal year 2026-27 (Q2 FY27).
According to the consolidated financial summary, HT Media recorded a total revenue of Rs 502 crore in Q2FY27 against Rs 478 crore in Q2FY26, a marginal 5% rise. Operating revenue was recorded at Rs 442 crore this quarter against Rs 431 crore in the same period last year. The Y-o-Y revenue growth was mainly driven by print.
Raw material expenses recorded a 15% rise from Rs 108 crore last year to Rs 125 crore in Q2FY27. Employee cost of HT Media fell from Rs 105 crore in Q2FY26 to Rs 95 crore this quarter.
EBITDA of HT Media was Rs 88 crore in Q2FY27 against Rs 70 crore in Q2FY26, a 26% Y-o-Y rise. PAT was at Rs 39 crore in Q2FY27, a 102% rise from Rs 20 crore in the same period last year.
HMVL’s operating revenue rose from Rs 176 crore in Q2FY26 to Rs 197 crore in Q2FY27, a 12% spike. Total revenue rose 22% from Rs 204 crore in Q2FY26 to Rs 248 crore in Q2FY27. EBITDA rose 65% from Rs 45 crore to Rs 74 crore. PAT went up 63% from Rs 34 crore to Rs 56 crore.
Coming to the combined print segment comprising the dailies HT, Hindustan and Mint, operating revenue was recorded at Rs 386 crore in Q2FY27 against Rs 357 crore in Q2FY26 — an 8% rise. In comparison, Q1FY27 recorded revenue of Rs 376 crore.
Print English’s revenue rose from Rs 182 crore in the same period last year to Rs 192 crore this quarter. Print Hindi recorded Rs 194 crore and Rs 174 crore in Q2FY27 and Q2FY26, respectively.
Print English advertisement recorded a 5% Y-o-Y growth and print Hindi a 10% growth. Material cost went up 15%, the results stated. The margins softened as newsprint costs rose industry wide.
Digital and radio
The digital segment recorded a 30% Y-o-Y revenue slump in Q2FY27, falling to Rs 28 crore from Rs 40 crore in Q2FY26. While digital revenue declined, the segment turned profitable, the results said, adding the trend reflects the deliberate reset of the digital business operations.
Radio revenue too fell 23%, from to Rs 32 crore to Rs 25 crore in the same period owing to the streamlining of the overall station network.
Shobhana Bhartia, chairperson and editorial director, HT Media & Hindustan Media Ventures, said “In the second quarter of the financial year, your company consolidated the gains made in the first quarter and grew its consolidated revenue year-on-year with improved profitability, despite the shift in the festive season to the third quarter this year.”
Print, she said, continued to anchor the company’s performance, with advertising revenue growing year-on-year across both English and Hindi titles. “However, higher newsprint costs, compounded by the rupee’s depreciation amid global uncertainty, exerted some pressure on margins. These factors remain important considerations for the coming quarters.”
She said the Radio business’ revenue declined year-on-year and sequentially following the rationalization of the station network. “This rationalization has strengthened our profitability and established a more sustainable operating base for the business.”
Digital operations, she said, recorded a modest sequential improvement in both revenue and profitability, reflecting the continued focus on a leaner portfolio and quality of earnings, with an emphasis on sustainable and profitable growth.
“As we enter the festive quarter, the company remains focused on strengthening its core businesses and maintaining financial discipline. Our endeavor remains to stay relevant in a changing media landscape while balancing the interests of our audiences and shareholders. We thank you for your continued confidence and support.”
