Ht Media Limited · NSE:HTMEDIA
Ht Media — Q2 FY2026 Earnings Presentation
24 slides from Ht Media's earnings presentation, November 2025
Slide 1: HT Media Group Q2 FY2025-26 Consolidated Results
HT MEDIA GROUP Q2 FY2025-26 Consolidated Results
Slide 2: Cautionary Statements
Cautionary Statements Certain statements in this presentation may be forward-looking. Such forward looking statements are subject to risks and uncertainties like regulatory changes, local political and economic developments, technological risks, geo-political macro changes and many other factors tha
Slide 3: Chairperson's Message
Chairperson’s Message “Building on the performance of the first-quarter of the financial year, we are happy to bring to you another quarter of solid performance, with growth in both operating revenue and profitability on an annual as well as a sequential basis. Overall revenue for the Print business
Slide 4: Table of Contents
Table of Contents PARTICULARS SLIDE NO. Consolidated Performance 5 Business Unit Performance 7 Print 8 Print – English 10 Print – Hindi (HMVL) 12 Radio 14 Digital 16 Annexures 20 4
Slide 5: Consolidated Performance
CONSOLIDATED PERFORMANCE 5
Slide 6: Consolidated Financial Summary
Consolidated Financial Summary ▪ Annual and sequential growth in revenue ▪ Improvement in EBITDA margins ▪ Robust cash position in INR crore Particulars Q2FY25 Q2FY26 YoY Q1FY26 QoQ Total Revenue 479 499 4% 451 11% 1 EBITDA 33 44 33% 10 347% EBITDA margin (%) 7% 9% 2% PAT1 (6) (4) 38% (11) 65% PAT m
Slide 7: Business Unit Performance
BUSINESS UNIT PERFORMANCE 7
Slide 8: Print
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 8
Slide 9: Print
Print ▪ Growth in Print revenue led by advertising ▪ Circulation has picked up pace sequentially ▪ Operating margins significantly improved in INR crore Particulars Q2FY25 Q2FY26 YoY Q1FY26 QoQ Ad. Revenue 252 278 10% 255 9% Circ. Revenue 55 53 -3% 51 4% Operating Revenue 334 358 7% 324 11% Operatin
Slide 10: Print – English
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 10
Slide 11: Print – English
Print – English in INR crore Advertisement Revenue YoY QoQ +8% +10% 143 154 140 154 Q2FY25 Q2FY26 Q1FY26 Q2FY26 ▪ Advertisement revenue demonstrated strong growth on the back of healthy uptick in most commercial segments Circulation Revenue YoY QoQ -15% +20% 16 14 14 12 Q2FY25 Q2FY26 Q1FY26 Q2FY26 ▪
Slide 12: Print – Hindi
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 12
Slide 13: Print – Hindi
Print – Hindi in INR crore Advertisement Revenue YoY QoQ +13% +7% 124 116 124 110 Q2FY25 Q2FY26 Q1FY26 Q2FY26 ▪ Consistent growth of advertisement revenue due to uptick seen for most commercial segments as well as in government Circulation Revenue YoY QoQ +1% -1% 39 39 39 39 Q2FY25 Q2FY26 Q1FY26 Q2F
Slide 14: Radio
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 14
Slide 15: Radio
Radio ▪ Segment revenue and margin showing improvement sequentially in INR crore Particulars Q2FY25 Q2FY26 YoY Q1FY26 QoQ Operating Revenue 35 32 -8% 31 4% Operating EBITDA (3) (4) -24% (7) 43% Op EBITDA Margin (%) -9% -12% -21% 15
Slide 16: Digital
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 16
Slide 17: Digital
Digital ▪ Segment revenue rose as key digital properties (incl. OTTplay) continued to gain traction ▪ Margins declined during the quarter in INR crore Particulars Q2FY25 Q2FY26 YoY Q1FY26 QoQ Operating Revenue 56 61 10% 56 8% Operating EBITDA (23) (30) -30% (21) -39% Op EBITDA Margin (%) -41% -49% -
Slide 18: Q&A
Q&A 1. To ask a question, Click on “Raise Hand” 2. On your turn, click on “Unmute Myself” 3. Ask your question 18
Slide 19: HT Media Group
HT Media Group Anna Abraham Aaditya Mulani IR@hindustantimes.com Anvita Raghuram htmedia@churchgatepartners.com 19
Slide 20: Annexures
ANNEXURES 20
Slide 21: Consolidated P&L – HT Media Ltd
Consolidated P&L – HT Media Ltd in INR crore Particulars Q2FY25 Q2FY26 YoY Q1FY26 QoQ Operating Revenue 424 452 7% 412 10% Other Income 56 48 -14% 39 21% Total Revenue 479 499 4% 451 11% Raw Material Expense 100 108 8% 101 7% Employee Cost 109 113 4% 120 -5% Other Expenses 237 234 -1% 221 6% EBITDA1
Slide 22: Consolidated Balance Sheet – HT Media Ltd
Consolidated Balance Sheet – HT Media Ltd in INR crore As at 31 Mar'25 Particulars As at 30 Sep'25 ASSETS Non- current assets 759 Financial assets 752 843 Property, plant and equipment 834 332 Others 342 1,934 Total non-current assets 1,928 Current assets 121 Inventories 132 1,702 Financial assets 1
Slide 23: Consolidated P&L – Hindustan Media Ventures Ltd
Consolidated P&L – Hindustan Media Ventures Ltd in INR crore Particulars Q2FY25 Q2FY26 YoY Q1FY26 QoQ Operating Revenue 172 197 14% 183 8% Other Income 36 28 -22% 27 5% Total Revenue 208 225 8% 210 7% Raw Material Expense 48 56 16% 54 5% Employee Cost 45 43 -5% 47 -9% Other Expenses 93 108 16% 92 17
Slide 24: Consolidated Balance Sheet – Hindustan Media Ventures Ltd
Consolidated Balance Sheet – Hindustan Media Ventures Ltd in INR crore As at 31 Mar'25 Particulars As at 30 Sep'25 ASSETS Non- current assets 567 Financial assets 601 338 Property, plant and equipment 361 118 Others 118 1,023 Total non-current assets 1,081 Current assets 32 Inventories 40 1,141 Fina