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 Q1 results for the quarter ending 30 June for the fiscal year 2026-27.
The group, comprising HT Media and HMVL, reported a total revenue of Rs 497 crore in Q1 FY27, as compared to Rs 433 crore in Q1 of the previous fiscal, registering a 15% Y-o-Y growth. Total revenue in Q4FY26 was Rs 558 crore, the group stated in its results published online. Total EBITDA was Rs 90 crore in Q1FY27, up 224% from Rs 28 crore in Q1FY26. EBITDA in Q4FY26 was Rs 131 crore.
HT Media’s operating revenue was Rs 437 crore in Q1FY27, an 11% rise from Rs 394 crore in Q1FY26. In Q4FY26, the revenue was Rs 511 crore. Income from other sources stood at Rs 60 crore this quarter, up 52% from Rs 39 crore in the same quarter, last fiscal. Raw material expense was recorded at Rs 117 crore in Q1FY27 in comparison to Rs 101 crore in Q1FY26 and Rs 111 crore in Q4FY26. Employee cost in this quarter was Rs 99 crore compared to Rs 111 crore in the same quarter, last fiscal. Profit after tax was in Q1FY27 Rs 47 crore, up 991% from Rs 4 crore in Q1FY26.
Hindustan Media Ventures’ operating revenue was Rs 197 crore in Q1FY27, up 20% from Rs 165 crore in Q1FY26. HMVL’s total revenue was Rs 244 crore in Q1FY27, up 28% from Rs 191 crore in Q1FY26. PAT stood at Rs 56 crore in Q1FY27 compared to Rs 26 crore in Q1FY26 and Rs 63 crore in Q4FY26.
The combined print division recorded advertisement revenue of Rs 295 crore in Q1FY27, up 15% from Rs 256 crore in Q1FY26 but down 6% from Rs 313 crore in Q4FY26. Circulation revenue was Rs 52 crore in Q1FY27, against Rs 51 crore in Q1FY26 and Rs 51 crore in Q4FY26. Operating revenue of print was Rs 376 crore this quarter, against Rs 323 crore in Q1FY26 and Rs 427 crore in Q4FY26.
The English print division recorded Rs 156 crore in advertisement revenue in Q1FY27, compared to Rs 140 crore in Q1FY26, and Rs 172 crore in Q4FY26. English circulation revenue was Rs 13 crore in Q1FY27, against Rs 12 crore in Q1FY26 and Rs 13 crore in Q4FY26.
Print Hindi recorded Rs 139 crore revenue in Q1FY27 against Rs 116 crore in Q1FY26 and Rs 142 crore in Q4FY26. Hindi’s circulation revenue was Rs 38 crore this quarter against Rs 39 crore in Q1FY26 and Rs 38 crore in Q4FY26.
Digital recorded a 28% drop in revenue Y-o-Y, registering Rs 27 crore in Q1FY27 against Rs 38 crore in Q1FY26. In Q4FY26, it was Rs 39 crore.
“We began the financial year on a steady note, with consolidated revenue growing year-on-year and profitability improving in tandem. Print remained the anchor of the business, with advertising revenue continuing to grow year-on-year and circulation revenue remaining resilient. The growth in profitability was achieved on the back of steady advertising revenue and disciplined cost management,” Shobhana Bhartia, chairperson and editorial director, HT Media & Hindustan Media Ventures, said in a statement.
However, elevated newsprint prices, a weaker rupee and global supply-chain uncertainties, are cause for concern going forward, she said.
“Radio revenue remained broadly steady year-on-year. The segment is now operating on a leaner and more sustainable footprint following the surrender of licenses for certain non-viable stations. Digital revenue moderated during the quarter as we deliberately reset the portfolio around leaner, more focused offerings with the intent of driving sustainable and profitable growth.”
“Beyond the quarter’s operating performance, the Board approved a preferential issue last month, subject to regulatory and shareholder approval. The proposed issue is a proactive step towards strengthening the Company’s capital structure, streamlining its debt profile and providing capital for general business requirements. As we begin the financial year, your continued confidence and support remain central to our purpose. We remain focused on strengthening our core businesses, delivering trusted journalism and quality content, and creating sustainable, long-term value for all our stakeholders,” she said.
