HT Media Reports 4% Revenue Growth and Improved Margins in Q2 Results
HT Media Limited's Q2 FY24 results show a 4% year-on-year revenue increase to ₹499.00 crore. EBITDA improved to ₹44.00 crore from ₹33.00 crore, with margins expanding to 9%. The print segment led growth with a 7% revenue rise to ₹358.00 crore. Digital revenue grew 10% to ₹61.00 crore, while radio saw a 4% sequential growth. The company narrowed losses with PAT improving to -₹4.00 crore from -₹6.00 crore year-on-year. HT Media maintains a strong cash position of ₹947.00 crore.

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HT Media Limited , a leading media company, reported improved financial results for the quarter ended September 30, with increased revenue and enhanced profitability compared to the same period last year.
Financial Performance
The company's consolidated revenue grew by 4% year-on-year to ₹499.00 crore, also marking an 11% sequential increase. HT Media significantly improved its EBITDA to ₹44.00 crore from ₹33.00 crore in the same quarter last year, with margins expanding to 9% from 7%.
The company narrowed its losses, with Profit After Tax (PAT) improving to -₹4.00 crore from -₹6.00 crore year-on-year, demonstrating progress towards profitability.
Segment Performance
HT Media's financial results reveal varied performances across its different business segments:
Print Business
The print segment drove growth with operating revenue rising 7% annually to ₹358.00 crore, led by a robust 10% growth in advertising revenue to ₹278.00 crore. Notably, print operating margins expanded substantially to 11% from 6%, showcasing improved efficiency in this traditional segment.
Digital Segment
The digital segment demonstrated strong growth with a 10% increase in revenue to ₹61.00 crore. However, margins in this segment remained under pressure at -49%, indicating ongoing investments and challenges in digital monetization.
Radio Business
The radio broadcast segment showed sequential improvement with a 4% quarterly revenue growth to ₹32.00 crore. However, on an annual basis, revenue declined by 8%, reflecting the challenges faced by traditional audio media.
Balance Sheet and Liquidity
HT Media maintained a strong cash position of ₹947.00 crore, providing the company with financial flexibility to navigate market uncertainties and invest in growth opportunities.
Future Outlook
While HT Media has shown improvement in its financial performance, particularly in its print and digital segments, challenges remain in achieving profitability across all business areas. The company's focus on digital growth and maintaining strength in its traditional print business appears to be yielding positive results.
As the media landscape continues to evolve, HT Media's ability to innovate across its various segments and capitalize on emerging opportunities will be crucial for sustained growth and profitability in the coming quarters.
Investors and stakeholders will be watching closely to see if the company can maintain this positive momentum and further improve its bottom line in future reporting periods.
Historical Stock Returns for HT Media
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.54% | -5.20% | -15.39% | +12.88% | -5.05% | +64.70% |





























