H T Media Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 30 May 2026 | Media | Market Cap: ₹614 Cr
Print segment revenue is growing steadily with a 9% YoY increase, driven by advertising-led growth and increased circulation volumes despite some discounts. The company is investing significantly in OTTplay and Digital businesses, viewing them as future growth engines with long-term sustainable value creation, though exact 5-year financial projections can't be given.
From H T Media Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹27.6
Market Cap
₹614 Cr
P/E Ratio
5.0
How does H T Media Ltd rank in Media?
Compare H T Media Ltd against every Media company this quarter on revenue, margins and earnings-call signals.
H T Media Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹497 Cr, net profit ₹-24 Cr.
Full financials →📊 Revenue & Sales Performance
- →Print segment revenue is growing steadily with a 9% YoY increase, driven by advertising-led growth and increased circulation volumes despite some discounts.
- →Circulation volumes are increasing, though initial discounts slightly lower per-copy revenue; expected to stabilize as copies become structural.
- →Radio business saw strong revenue growth (29% YoY, 46% QoQ), with efforts to improve yields through digital audio initiatives and off-air events.
- →Digital business, including OTTplay, shows promising growth with 32% YoY revenue increase and ongoing investments aiming for scale and sustainable value. OTTplay expenses, although currently significant, are expected to decline as the business matures.
- →Management expects print revenue growth to continue being challenged but compensated by strategic investments in new digital avenues.
- →Long-term, revenue growth is anticipated to accelerate as digital ventures scale, operating leverage improves, and new business lines mature.
📈 Profitability & Margins
- →The company is investing significantly in OTTplay and Digital businesses, viewing them as future growth engines with long-term sustainable value creation, though exact 5-year financial projections can't be given.
- →Operating leverage is visible in the Print segment, with revenues growing faster than expenses, but consolidated profits are currently impacted due to OTTplay expenses (which are 65% lower y-o-y but still substantial).
- →Expenses related to strategic investments (OTTplay) are expected to decline over time as the business matures.
- →Print advertising revenues are stable with some growth due to pricing and mix improvements, but overall Print is under long-term pressure and declining industry trends.
- →Radio and Digital segments show strong revenue growth and improving operational metrics, albeit with regulatory challenges for Radio.
- →Earnings Improvement will depend on the scale-up of digital investments and successful diversification alongside Print's gradual decline.
🏗️ Capital Expenditure Plans
- →The company is making strategic investments primarily in OTTplay and Digital businesses, viewed as future growth avenues.
- →Investments in OTTplay are substantial and ongoing, focused on long-term sustainable value creation.
- →OTTplay expenses are expected to go down in the future as the business matures.
- →The company is cautious and calibrated in deploying capital, focusing on areas where it has a "right to win" and absorption capacity.
- →Additional investments include minority positions via Ad-For-Equity (AFE) deals in various businesses, reflected as assets on the balance sheet.
- →Capital deployment in other digital adjacencies like Shine (classifieds) and Mosaic Ventures (VC/PE-focused) is underway.
- →The company aims to diversify revenue streams beyond Print, which remains under pressure.
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were H T Media Ltd Q3 FY25 results?
Print segment revenue is growing steadily with a 9% YoY increase, driven by advertising-led growth and increased circulation volumes despite some discounts. The company is investing significantly in OTTplay and Digital businesses, viewing them as future growth engines with long-term sustainable value creation, though exact 5-year financial projections can't be given.
What is H T Media Ltd share price analysis?
H T Media Ltd currently shows a neutral. The stock trades at a P/E of 5.0 with a market cap of ₹614 Cr. Investors should review the full earnings analysis for detailed insights.
Is H T Media Ltd planning capital expenditure?
The company is making strategic investments primarily in OTTplay and Digital businesses, viewed as future growth avenues.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.