Hindustan Media Ventures Q3 FY26: Revenue Stable, Digital Grows 30%
Hindustan Media Ventures Limited (HMVL) reported Q3 FY26 results with stable total revenue and improved EBITDA of ₹51 crore. The Print segment saw a 2% YoY revenue increase to ₹395 crore, while Digital revenue surged 30% YoY to ₹67 crore. Radio business faced revenue pressure. HMVL's standalone operating revenue grew 7% YoY to ₹212 crore.
The results show stable performance and growth in key segments, indicating a positive outlook, but the radio segment's performance and overall PAT remaining not meaningful suggest a moderate impact.
The company reported stable revenues and improved profitability, with strong growth in the digital segment and resilience in the print segment, despite challenges in radio.
Hindustan Media Ventures Limited (HMVL) has announced its un-audited financial results for the quarter ended December 31, 2025 (Q3 FY26). The company reported stable total revenue on an annual basis, with a sequential improvement of 7%. EBITDA saw a significant year-on-year increase of 9% and a sequential jump of 16%, reaching ₹51 crore. PAT, however, remained not meaningful (nm) in both periods, though the PAT margin improved to 3% sequentially from -1%.
The Chairperson's message highlighted consistent operational progress, with stable topline performance and steady growth in profitability. The Print segment demonstrated resilience, driven by strong advertising growth, particularly in English language titles, and steady circulation revenues, leading to healthy margin expansion. The Print segment's operating revenue increased by 2% YoY to ₹395 crore, with EBITDA growing by 43% YoY to ₹60 crore and margins improving to 15%.
Within the Print segment, English publications saw a 16% sequential increase in Advertisement Revenue, while Circulation Revenue improved both annually and sequentially. However, Print Hindi experienced a marginal decline in Advertisement Revenue (-2% YoY) and Circulation Revenue (-1% YoY), with operating revenue seeing a 1% YoY drop.
The Radio business navigated a challenging market, with revenues under pressure due to a high base effect from the previous year. Operating revenue dropped 34% YoY to ₹34 crore, and EBITDA turned negative at -₹5 crore. The Digital business, however, delivered a strong performance, with revenues rising 30% YoY to ₹67 crore and margins improving to -35% sequentially. Key digital properties, including OTTplay, continued to perform well.
Consolidated P&L for Hindustan Media Ventures Ltd. shows operating revenue of ₹212 crore in Q3 FY26, a 7% increase YoY and an 8% increase QoQ. EBITDA for HMVL stood at ₹23 crore, a 27% increase QoQ, with margins at 10%. PAT was ₹17 crore, a 68% increase QoQ, with margins at 7%.
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Hindustan Media Ventures Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Hindustan Media Ventures Limited. Read the original for the full detail.