HMVL Q4 FY26 Results: Revenue Stable, Profit Jumps 44% to ₹153 Crore
Hindustan Media Ventures Limited reported consolidated results for Q4 FY26. Total revenue was stable at ₹1,971 crore for FY26. PAT surged 44% to ₹153 crore for the full year. Print advertising revenue grew 8% to ₹1,148 crore. Radio business revenue declined 32%.
The results show improved profitability and operational efficiency in key segments like Print. However, the decline in the Radio segment and stable overall revenue suggest a moderate impact on overall company valuation.
The company reported a significant increase in Profit After Tax (PAT) for the full financial year and improved EBITDA margins across segments, indicating positive financial performance despite stable revenues.
Hindustan Media Ventures Limited (HMVL) announced its audited financial results for the quarter and financial year ended March 31, 2026. The company presented a detailed investor presentation covering consolidated performance for both HT Media Limited and HMVL.
For the fourth quarter of FY2025-26, HMVL reported a total revenue of ₹558 crore, a 2% decrease year-on-year. However, EBITDA saw a 5% increase to ₹131 crore, with the EBITDA margin expanding to 23% from 22% in the previous year. Profit After Tax (PAT) for the quarter stood at ₹96 crore, a 15% decrease year-on-year, with PAT margin at 17%.
For the full financial year FY2025-26, total revenue remained stable at ₹1,971 crore, a marginal 0% change from FY2024-25. EBITDA increased by 8% to ₹298 crore, and EBITDA margin improved to 15%. PAT saw a significant jump of 44%, reaching ₹153 crore for the full year, with PAT margin at 8%.
The Print business, encompassing both English and Hindi publications, demonstrated strong performance. Advertising revenue for the Print segment grew by 8% year-on-year for the full year, reaching ₹1,148 crore, while operating revenue increased by 8% to ₹1,500 crore. Operating EBITDA for Print surged by 82% to ₹208 crore, with a healthy margin expansion.
Specifically, Print – Hindi (HMVL) saw advertising revenue grow by 8% to ₹504 crore for the full year, and operating revenue increased by 2% to ₹193 crore. Operating EBITDA for Print – Hindi rose by 0% to ₹155 crore.
The Radio business faced challenges, with operating revenue declining by 32% to ₹140 crore for the full year. The segment continued to be under pressure with subdued margins, reflecting a -16% EBITDA margin.
The Digital segment's operating revenue grew by 2% to ₹155 crore for the full year, but margins saw a slight dip, with an EBITDA margin of -5%.
Mrs. Shobhana Bhartia, Chairperson and Editorial Director, commented that the fourth quarter and the full year marked a period of decisive transformation characterized by meaningful improvement in profitability, even as consolidated revenue remained broadly stable. She highlighted the strong performance of the Print business and the strategic streamlining of the Radio business, including the surrender of non-viable licenses. The discontinuation of the ‘OTTplay’ business was noted as part of the focus on profitable growth in Digital.
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