Hindustan Media Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 26 May 2026 | Media | Market Cap: ₹638 Cr
Print Business**: Print revenues remain under pressure but continue to form a substantial core; growth driven mainly by pricing improvements and special events rather than volume increases. The company anticipates long-term value creation through investments in future-looking businesses like OTTplay and Digital, aiming for sustainable growth.
From Hindustan Media's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹92.1
Market Cap
₹638 Cr
P/E Ratio
4.0
How does Hindustan Media rank in Media?
Compare Hindustan Media against every Media company this quarter on revenue, margins and earnings-call signals.
Hindustan Media — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹212 Cr, net profit ₹1 Cr.
Full financials →📊 Revenue & Sales Performance
- →**Print Business**: Print revenues remain under pressure but continue to form a substantial core; growth driven mainly by pricing improvements and special events rather than volume increases. Circulation volumes show some decline or flat trends.
- →**Advertising Growth**: Advertising revenue in Print and Radio shows solid growth, with Print up 9% YoY and Radio growing strongly (29% YoY). Pricing and mix improvements support growth rather than volume.
- →**Digital & OTTplay**: Digital revenue up 32% YoY with ongoing investments in OTTplay expected to scale in future years. Management aims for OTTplay to capture beyond 1% of India's OTT market, potentially translating to INR 200-250 cr annual revenue within 2-3 years.
- →**Revenue Outlook**: Overall, expect top-line growth driven by advertising pricing, new initiatives, and diversification into digital and events, with operating leverage anticipated as investments mature.
- →**Long-term Focus**: Company is investing prudently for future growth avenues while acknowledging Print remains under structural pressure.
📈 Profitability & Margins
- →The company anticipates long-term value creation through investments in future-looking businesses like OTTplay and Digital, aiming for sustainable growth.
- →Print business shows operating leverage with revenues growing faster than expenses despite ongoing challenges.
- →OTTplay expenses are currently high but expected to decline as the business matures and scales, improving profitability over 4-5 years.
- →Digital revenue grew 32% to INR 51 crore, with losses reducing by 24% year-on-year, indicating operational improvement.
- →Management expects the rate of top-line growth to eventually outpace expense growth as new businesses mature.
- →Full-year FY25 earnings call will provide updated outlook; management remains cautiously optimistic but emphasizes gradual progress.
- →Return on capital metrics currently under pressure, with no near-term dividend expected; focus remains on strategic investments and balance sheet strength.
🏗️ Capital Expenditure Plans
- →The company is making strategic investments in future-looking businesses, particularly in the digital space such as OTTplay, Shine (a classifieds platform), and Mosaic Ventures (catering to VC and PE stages).
- →Investments in OTTplay and other digital businesses are substantial and ongoing, with efforts to scale and create long-term sustainable value.
- →The company is using its strong balance sheet to invest prudently in these adjacencies to diversify revenue streams beyond print and radio, which are under pressure.
- →Investments in OTTplay are currently expensed fully, but the company expects expenses here to decrease as the business matures.
- →The firm also engages in an AFE (Ad-for-Equity and Ad-for-Property) business involving minority investments in associated companies, with related deposits reported in the balance sheet.
- →There is a focus on deepening current investments rather than expanding widely without strategic rationale.
💰 Fundraising & Capital Structure
- →There is no explicit mention of any current or future fundraising through debt or equity in the transcript.
- →The company emphasizes its strong balance sheet and significant cash reserves.
- →Management indicates prudent investment in future businesses using existing balance sheet strength rather than seeking new funds.
- →They are focusing on calibrated investments where they have a right to succeed rather than broadly deploying capital.
- →There is an expressed intent to simplify structure if possible, but no mention of fundraising plans.
- →Overall, the approach is to utilize internal resources and existing balance sheet strength for growth and diversification without immediate plans for debt or equity fundraising.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Hindustan Media Q3 FY25 results?
Print Business**: Print revenues remain under pressure but continue to form a substantial core; growth driven mainly by pricing improvements and special events rather than volume increases. The company anticipates long-term value creation through investments in future-looking businesses like OTTplay and Digital, aiming for sustainable growth.
What is Hindustan Media share price analysis?
Hindustan Media currently shows a neutral. The stock trades at a P/E of 4.0 with a market cap of ₹638 Cr. Investors should review the full earnings analysis for detailed insights.
Is Hindustan Media planning capital expenditure?
The company is making strategic investments in future-looking businesses, particularly in the digital space such as OTTplay, Shine (a classifieds platform), and Mosaic Ventures (catering to VC and PE stages).
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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.