HT Media FY26 PAT rises 44% to ₹153 crore, margins expand
HT Media reported a 44% year-on-year increase in consolidated profit after tax (PAT) to ₹153 crore for FY26, with EBITDA margins expanding to 15% from 14% in the previous year. Total revenue remained stable at ₹1,971 crore, while the Print segment drove profitability with an 8% increase in revenue to ₹1,500 crore. The company discontinued its OTTplay business and surrendered six loss-making radio licenses as part of a strategic reset.
*this image is generated using AI for illustrative purposes only.
HT Media reported its audited financial results for the quarter and year ended March 31, 2026, showcasing a 44% year-on-year increase in consolidated profit after tax (PAT) to ₹153 crore for FY26. The company achieved an EBITDA margin of 15% for the full year, up from 14% in the previous year, while total revenue remained stable at ₹1,971 crore. For the quarter ended March 31, 2026, PAT stood at ₹96 crore, a 15% increase from ₹83 crore in Q4 FY25, with an EBITDA margin of 23%.
Consolidated Performance
The Board of Directors approved the audited financial results during a meeting held on May 29, 2026. The statutory auditors, S.R. Batliboi & Co. LLP, issued an unmodified opinion on the results. The financial performance reflects a margin expansion on a year-on-year basis for both the quarter and the full year, supported by a robust cash position which stood at ₹1,001 crore as of March 31, 2026.
| Particulars | Q4 FY26 (Audited) | Q4 FY25 (Audited) | Year Ended FY26 (Audited) | Year Ended FY25 (Audited) |
|---|---|---|---|---|
| Total Revenue: | ₹558 crore | ₹568 crore | ₹1,971 crore | ₹1,964 crore |
| EBITDA: | ₹131 crore | ₹124 crore | ₹298 crore | ₹275 crore |
| EBITDA Margin (%): | 23% | 22% | 15% | 14% |
| PAT: | ₹96 crore | ₹83 crore | ₹153 crore | ₹106 crore |
| PAT Margin (%): | 17% | 15% | 8% | 5% |
Business Unit Performance
The Print segment remained the primary revenue driver, contributing ₹1,500 crore for the year, an 8% increase. The segment reported an operating EBITDA of ₹208 crore, a significant rise from ₹114 crore in FY25, with margins expanding to 14%. Advertising revenue grew 8% to ₹1,148 crore, while circulation revenue was steady at ₹208 crore. The Radio business faced challenges, with operating revenue declining 32% to ₹140 crore and operating EBITDA turning negative at ₹(22) crore. The Digital segment revenue held steady at ₹155 crore for the year.
Strategic Updates
During the earnings call, management highlighted that the Print business performance was led by yield improvement in advertising revenues. The company has decided to discontinue its OTTplay business as part of a strategic reset to focus on profitable growth. Additionally, HT Media has surrendered six loss-making radio licenses to streamline its Radio business footprint. The Board approved an investment of up to ₹5 crore by subscribing to the equity shares of Mosaic Media Ventures Private Limited, a wholly-owned subsidiary. Commercial papers outstanding as of March 31, 2026, were ₹1,000 crore.
Historical Stock Returns for HT Media
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.74% | +1.47% | +9.69% | -1.64% | +15.89% | -13.46% |
How will the discontinuation of the OTTplay business impact the company's digital growth strategy and overall revenue diversification?
What measures is HT Media taking to stabilize the Radio segment following the surrender of six loss-making licenses?
How does the company plan to utilize its robust cash position of ₹1,001 crore to drive future growth or reduce debt?
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