Hindustan Media Ventures Limited (HMVL) has reported a 6% year-over-year increase in consolidated revenue for the quarter ended June 30, reaching INR 451.00 crore. The company's financial performance shows signs of improvement across various segments, with notable growth in its print and digital businesses.

Financial Highlights

• Consolidated revenue: INR 451.00 crore (up 6% YoY)
• EBITDA: INR 10.00 crore (up 33% YoY)
• PAT: Loss of INR 11.00 crore (59% improvement YoY)
• Cash position: INR 976.00 crore

Print Business Performance

The print business emerged as a key driver of growth for HMVL:

• Advertising revenue: INR 255.00 crore (up 17% YoY)
• Print English advertising revenue: INR 140.00 crore (up 19% YoY)
• Print Hindi advertising revenue: INR 116.00 crore (up 14% YoY)

However, circulation revenue declined by 8% to INR 51.00 crore.

Digital Business Growth

The digital segment showed promising results:

• Revenue: INR 56.00 crore (up 21% YoY)
• Platforms driving growth: Mosaic, Shine, and OTTplay

Despite the revenue increase, the digital segment remained loss-making.

Radio Segment Challenges

The radio business faced headwinds:

• Revenue: INR 31.00 crore (down 13% YoY)
• Operating losses widened

Management Commentary

Chairperson Shobhana Bhartia commented on the results, stating, "The first quarter of the current financial year has begun on a strong note, with both operating revenue and profitability showing growth as compared to the previous year. The Print business has seen strong growth in advertising revenue, reflecting our leading market presence and the continued relevance of Print as an effective medium."

She also noted, "Our Digital businesses continue to show steady momentum, with our platforms – Mosaic, Shine and OTTplay driving growth through differentiated, future-ready offerings. We are working towards accelerating growth of our Digital business, while deepening the impact of our Print offerings and reimagining the Radio business with experiential and integrated formats."

Outlook

HMVL maintains a strong cash position of INR 976.00 crore, providing financial stability as it navigates the evolving media landscape. The company's focus remains on quality journalism, immersive entertainment, and creating relevant experiences for its diverse audience across print, digital, and radio platforms.

As the media industry continues to transform, HMVL's multi-pronged approach to growth across its various segments positions it to capitalize on emerging opportunities while addressing challenges in traditional media formats.

Hindustan Media Ventures Limited (HMVL) has reported a remarkable turnaround in its financial performance for the first quarter. The media company's consolidated net profit surged to 102.00 million rupees, marking a significant increase from 5.00 million rupees in the same period last year.

Strong Revenue Growth

The company's revenue also showed impressive growth, rising to 1.83 billion rupees from 1.62 billion rupees year-over-year. This 13% increase in revenue indicates improved operational performance across the business segments.

Segment Performance

HMVL's financial results reveal strong performance in its core segments:

1. Printing & Publishing: This traditional segment remained the largest revenue generator, contributing 1,633.50 million rupees to the total revenue.
2. Digital: The digital segment showed promising growth, bringing in 183.90 million rupees, reflecting the company's efforts to adapt to changing media consumption patterns.

Financial Highlights

• EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at 177.20 million rupees, showcasing the company's operational efficiency.
• Expenses: Total expenses for the quarter were 1,979.40 million rupees, with significant allocations to cost of materials (536.10 million rupees) and employee benefits (468.40 million rupees).
• Other Income: The company reported other income of 267.20 million rupees, contributing substantially to the overall profit.

Balance Sheet Strength

HMVL maintained a strong financial position:

• Net Worth: The company's net worth stood at 16,223.90 million rupees, indicating a robust capital base.
• Current Ratio: At 1.62, the current ratio suggests a healthy liquidity position.
• Debt-Equity Ratio: With a low debt-equity ratio of 0.04, Hindustan Media Ventures demonstrates a conservative approach to leverage.

Management Commentary

While specific management comments were not provided, the significant improvement in financial metrics suggests that HMVL's strategies for both its traditional print business and digital initiatives are yielding positive results.

Future Outlook

The company's strong performance in Q1, particularly the growth in digital revenue, positions it well for the evolving media landscape. HMVL's ability to maintain profitability while investing in digital transformation will be crucial for sustained growth in the coming quarters.

Investors and industry observers will be watching closely to see if Hindustan Media Ventures can maintain this momentum, especially given the ongoing shifts in media consumption habits and advertising trends.

Note: All financial figures are based on the un-audited consolidated financial results for the quarter, as reported by Hindustan Media Ventures Limited.