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 Q3 results for the quarter ending 30 December for the fiscal year 2025-26.
The group, comprising HT Media and HMVL, reported a total revenue of Rs 532 crore in Q3 FY26, as compared to Rs 530 crore in Q3 of the previous fiscal, registering a flat growth. Total revenue in Q2FY26 was Rs 499 crore, the group stated in its results published online. Total EBITDA was Rs 46 crore in Q3FY26, up 9% from Rs 46 crore in Q3FY25. EBITDA in Q2FY26 was Rs 44 crore.
HT Media’s operating revenue was Rs 497 crore in Q3FY26, a marginal rise from Rs 490 crore in Q3FY25. In Q2FY26, the revenue was Rs 452 crore. Income from other sources stood at Rs 36 this quarter, down 12% from Rs 41 crore in the same quarter, last fiscal. Raw material expense was recorded at Rs 110 crore in Q3FY26 in comparison to Rs 114 crore in Q3FY25 and Rs 108 crore in Q2FY26. Employee cost in this quarter and the corresponding quarter in FY25 were similar to raw material expense. Profit after tax was in Q3FY26 Rs 17 crore, up from (-) Rs 3 crore in Q3FY25.
Hindustan Media Ventures’ operating revenue was Rs 212 crore in Q3FY26, up 7% from Rs 197 crore in Q3FY25 and Q2FY26. HMVL’s toral revenue was Rs 236 crore in Q3FY26, up 7% from Rs 221 crore in Q3FY25. PAT stood at Rs 17 crore in Q3FY26 compared to Rs 18 crore in Q3FY25 and Rs 10 crore in Q2FY26.
HT Media print
The combined print division recorded advertisement revenue of Rs 301 crore in Q3FY26, against Rs 309 crore in Q3FY25 and Rs 278 crore in Q2FY26. Circulation revenue was Rs 53 crore in Q3FY26, against Rs 52 crore in Q3FY25 and Rs 53 crore in Q2FY26. Operating revenue of print was Rs 395 crore this quarter, against Rs 387 crore in Q3FY25 and Rs 358 crore in Q2FY26.
The English print division recorded Rs 179 crore in advertisement revenue in Q3FY26, compared to Rs 181 crore in Q3FY25, and Rs 154 crore in Q2FY26. English circulation revenue was Rs 14 crore in Q3FY26, against Rs 13 crore in Q3FY25 and Rs 14 crore in Q2FY26. “Ad revenue demonstrated strong growth sequentially on the back of healthy uptick in most commercial segments but was flat versus last year despite shift in festive days. Circulation revenue improved both annually and sequentially,” the company stated.
Print Hindi recorded Rs 123 crore revenue in Q3FY26 against Rs 128 crore in Q3FY25 and Rs 124 crore in Q2FY26. Hindi’s circulation revenue was Rs 38 crore this quarter against Rs 39 crore in Q3FY25 and Rs 39 crore in Q2FY26. “Ad revenue saw a marginal decline during the period, mainly on account of a shift in festive days vis-à-vis the base period,” it said.
Digital recorded a 30% jump in revenue Y-o-Y, registering Rs 67 crore in Q3FY26 against Rs 51 crore in Q3FY25. In Q2FY26, it was Rs 61 crore.
“The third quarter of the financial year saw the Company make consistent operational progress, characterized by stable topline performance and a steady growth in overall profitability. These results reinforce the effectiveness of our ongoing operational initiatives to strengthen our businesses,” said Shobhana Bhartia, chairperson and editorial director, HT Media & Hindustan Media Ventures, in a statement.
She said the core print segment continues to demonstrate resilience, posting growth on both an annual and sequential basis. “This performance was largely driven by strong growth in advertising – particularly in our English language titles – alongside steady circulation revenues. The combination of these gains and a disciplined approach to costs has translated into meaningful growth in profitability.”
The radio business, she said, continues to navigate a challenging market environment where revenues and margins remain under pressure.
“Our digital business delivered a strong performance during the quarter, with revenues rising and margins improving. This trajectory validates our commitment to scaling our digital-first offerings while maintaining a clear path toward profitability,” she said.
“Looking ahead, we remain focused on sustaining the momentum seen this quarter across our business portfolio. By leveraging the enduring strength of our established Print mastheads, recalibrating our Radio offerings and further scaling up our new-age digital platforms, we continue to reinforce our commitment to delivering trusted journalism and high-quality content to our diverse audience,” Bhartia said.
