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HMVL - Hindustan Media

📊 NSE: HMVL 🏢 Entertainment / Electronic Media Software 📅 Last Updated: 12/13/2025 23:03

📢 Recent Corporate Announcements

HMVL Shareholders Approve Appointment of Sameer Singh as MD with 99.94% Votes

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 05 Mar 2026, 08:42 PM

Hindustan Media Ventures Limited (HMVL) has announced the approval of a special resolution to appoint Shri Sameer Singh as the Managing Director of the company, including the approval of his remuneration. The resolution was passed via postal ballot with an overwhelming majority of 99.94% of the total votes cast. While the promoter group provided full support, it is notable that public institutional investors voted 100% against the resolution, although their share of the total vote was minimal. The total voter turnout represented approximately 74.45% of the company's total equity.

Special resolution for the appointment of Sameer Singh as Managing Director passed with 99.94% majority.
Total votes polled were 54,848,287, representing 74.45% of the total 73,671,548 outstanding shares.
Promoter group cast 54,808,457 votes, all of which were in favour of the appointment.
Public institutional investors cast 21,491 votes, with 100% of those votes cast against the resolution.
Non-institutional public shareholders were divided, with 49.64% in favour and 50.36% against the proposal.

💡 Investors should view the formalization of leadership as a positive step for operational stability. However, the dissent from institutional and a section of retail shareholders regarding remuneration or the appointment warrants monitoring of future governance disclosures.

HMVL Announces Resignation of Non-Executive Director Manhar Kapoor

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 27 Feb 2026, 05:43 PM

Hindustan Media Ventures Limited (HMVL) has informed the exchanges about the resignation of Shri Manhar Kapoor from his position as a Non-Executive Non-Independent Director. The resignation is effective from the close of business hours on February 28, 2026. Mr. Kapoor cited other professional commitments within the larger group as the primary reason for his departure. This appears to be a routine internal management movement within the group structure.

Shri Manhar Kapoor (DIN: 06553730) resigned as Non-Executive Non-Independent Director.
The resignation is effective from the close of business hours on February 28, 2026.
Reason for resignation is cited as other professional commitments within the Group.
The announcement was made on February 27, 2026, in compliance with SEBI Regulation 30.

💡 This is a routine management change within the group and does not impact the company's operations. Investors should continue to monitor the company's financial performance and any new board appointments.

HMVL Appoints New Scrutinizers for Postal Ballot Following Demise of Previous Official

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Feb 2026, 04:33 PM

Hindustan Media Ventures Limited (HMVL) has issued a corrigendum to its Postal Ballot Notice dated January 27, 2026. The amendment is due to the unfortunate demise of the previously appointed scrutinizer, Shri Sanket Jain. The Board has now appointed Shri Dhawal Kant Singh or Shri Kabindra Jha of D.S. Associates to oversee the e-voting process. The e-voting period remains active from February 4, 2026, until March 5, 2026, and all other terms of the notice remain unchanged.

Appointment of Shri Dhawal Kant Singh (C.P. No. 7347) or Shri Kabindra Jha (C.P. No. 22748) as new scrutinizers.
E-voting window remains open from 9:00 A.M. on February 4, 2026, to 5:00 P.M. on March 5, 2026.
Corrigendum specifically modifies Notes 6 and 7 of the original Postal Ballot Notice regarding voting administration.
The cut-off date for eligibility to vote was Friday, January 30, 2026.

💡 This is a routine administrative update and requires no change in investment strategy. Shareholders should ensure they cast their votes via the NSDL e-voting module before the March 5 deadline.

HMVL Q3 FY26: Consolidated EBITDA Grows 9% YoY to ₹51 Cr; Digital Revenue Up 30%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 04 Feb 2026, 01:13 PM

Hindustan Media Ventures Limited (HMVL) reported a stable Q3 FY26 with consolidated revenue of ₹532 crore, remaining flat year-on-year but growing 7% sequentially. The Print segment demonstrated resilience with EBITDA margins expanding to 15% from 11% last year, aided by lower newsprint costs and disciplined spending. While the Radio business faced a ₹5 crore operating loss due to a high base effect, the Digital segment showed strong momentum with revenue rising 30% YoY to ₹67 crore. The company maintains a robust net cash position of ₹945 crore, providing significant financial flexibility.

Consolidated EBITDA increased by 9% YoY to ₹51 crore with a 10% margin.
Print segment operating revenue reached ₹395 crore, with English ad revenue growing 16% sequentially.
Digital business revenue surged 30% YoY to ₹67 crore, with narrowing margin losses.
Net cash remains strong at ₹945 crore, consistent with the previous quarter.
Print Hindi circulation revenue held steady at ₹38 crore despite a high base effect in advertising.

💡 Investors should focus on the company's ability to scale its Digital segment toward profitability and the sustained margin expansion in the core Print business. The high cash balance offers a margin of safety and potential for future strategic investments.

HMVL Proposes Appointment of Sameer Singh as MD with Basic Salary up to ₹316 Lakhs

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 03 Feb 2026, 01:11 PM

Hindustan Media Ventures Limited (HMVL) has issued a postal ballot notice to seek shareholder approval for the appointment of Shri Sameer Singh as Managing Director for a five-year term starting March 1, 2026. The proposed remuneration package includes a basic salary starting at ₹243 lakhs per annum, with a maximum ceiling of ₹316 lakhs. The package also includes significant allowances for housing (up to ₹158 lakhs) and variable pay that can reach 100% of the fixed components. Shareholders can cast their votes via the e-voting facility from February 4 to March 5, 2026.

Appointment of Shri Sameer Singh as Managing Director for a 5-year tenure effective March 1, 2026
Proposed basic salary of ₹243 lakhs per annum with a ceiling of ₹316 lakhs
Housing allowance capped at ₹158 lakhs per annum and special allowance up to ₹59 lakhs
Variable pay and bonus components allowed up to 100% of the aggregate fixed remuneration
E-voting period scheduled from 9:00 AM on Feb 4, 2026, to 5:00 PM on March 5, 2026

💡 Investors should review the proposed leadership change and ensure the remuneration package is aligned with the company's long-term growth strategy and profitability. Monitor the voting results to assess shareholder confidence in the new Managing Director.

HMVL Q3 FY26 Results: Total Revenue Up 7% YoY to ₹236 Cr; PAT at ₹17 Cr

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 28 Jan 2026, 01:44 PM

Hindustan Media Ventures Limited (HMVL) reported a 7% YoY increase in total revenue to ₹236 crore for the quarter ended December 31, 2025. While EBITDA declined 9% YoY to ₹23 crore, it showed a strong sequential recovery of 27% compared to Q2 FY26. The Hindi print segment saw a marginal 4% YoY decline in advertising revenue to ₹123 crore, primarily due to shifts in the festive calendar. Profit After Tax (PAT) stood at ₹17 crore, representing a significant 68% growth on a quarter-on-quarter basis.

Total Revenue grew 7% YoY to ₹236 crore in Q3 FY26.
PAT reached ₹17 crore, up 68% sequentially from ₹10 crore in Q2 FY26.
Hindi Print Ad Revenue declined 4% YoY to ₹123 crore, while Circulation Revenue remained stable at ₹38 crore.
Raw material expenses decreased by 3% YoY to ₹54 crore, reflecting disciplined cost management.
Group-level Digital segment revenue surged 30% YoY to ₹67 crore, showing strong momentum in new-age platforms.

💡 Investors should monitor the recovery in Hindi advertising revenue and the sustainability of the sequential margin improvement. The growth in the digital segment is a positive long-term driver, but the core print business remains sensitive to festive cycles and newsprint costs.

HMVL Q3 PAT Drops 95% YoY to ₹0.89 Cr Due to Exceptional Items; Sameer Singh Appointed MD

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 27 Jan 2026, 01:22 PM

Hindustan Media Ventures Limited (HMVL) reported a sharp 95% YoY decline in consolidated Net Profit to ₹89 Lakhs for Q3 FY26, down from ₹1,799 Lakhs in the previous year. This decline was primarily driven by a one-time exceptional charge of ₹1,609 Lakhs related to the implementation of new Labour Codes. While revenue from operations grew 7.5% YoY to ₹21,224 Lakhs, the bottom line was severely impacted by these regulatory-driven costs. Additionally, the board has appointed Shri Sameer Singh as Managing Director for a five-year term starting March 1, 2026.

Revenue from operations increased 7.5% YoY to ₹21,224 Lakhs in Q3 FY26.
Consolidated Net Profit (PAT) fell to ₹89 Lakhs from ₹1,799 Lakhs in Q3 FY25.
Recognized an exceptional loss of ₹1,609 Lakhs for incremental gratuity and compensated absences under new Labour Codes.
EBITDA decreased to ₹2,339 Lakhs compared to ₹2,573 Lakhs in the same quarter last year.
Shri Sameer Singh appointed as Managing Director for a five-year term effective March 1, 2026.

💡 Investors should be cautious as the sharp profit decline reflects significant regulatory-driven cost pressures, despite modest revenue growth. Monitor the transition to the new leadership under Sameer Singh for potential strategic shifts in the core print business.

HMVL Q3 PAT Plummets to ₹0.89 Cr Due to ₹16.09 Cr Exceptional Item; New MD Appointed

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 27 Jan 2026, 01:20 PM

Hindustan Media Ventures Limited (HMVL) reported a 7.5% YoY increase in revenue from operations to ₹212.24 crore for the quarter ended December 31, 2025. However, Net Profit (PAT) saw a massive decline to ₹0.89 crore compared to ₹17.99 crore in the same quarter last year. This sharp drop was primarily driven by a one-time exceptional charge of ₹16.09 crore related to the implementation of new Labour Codes. Additionally, the company announced the appointment of Sameer Singh as Managing Director for a five-year term starting March 2026.

Revenue from operations grew 7.5% YoY to ₹21,224 Lakhs from ₹19,747 Lakhs.
Net Profit (PAT) crashed to ₹89 Lakhs from ₹1,799 Lakhs in the previous year's quarter.
Exceptional loss of ₹1,609 Lakhs recognized due to incremental impact of new Labour Codes on gratuity and leave encashment.
EBITDA stood at ₹2,339 Lakhs for Q3 FY26 compared to ₹2,573 Lakhs in Q3 FY25.
Sameer Singh appointed as Managing Director for 5 years effective March 1, 2026, subject to shareholder approval.

💡 Investors should note that the profit decline is largely due to a non-recurring regulatory expense, but the shrinking operating margins (-0.36% adjusted) warrant caution. Monitor the leadership transition and its impact on the company's digital and print strategy.

HMVL Q3 PAT Drops to ₹0.89 Cr Due to ₹16.1 Cr Exceptional Charge; Sameer Singh Appointed MD

🔵 WATCH ⭐ 8/10

EARNINGS 📅 27 Jan 2026, 01:16 PM

Hindustan Media Ventures Limited (HMVL) reported a sharp decline in consolidated Profit After Tax (PAT) to ₹89 Lakhs for Q3 FY26, down from ₹17.99 Crore YoY, primarily due to a one-time exceptional charge of ₹16.09 Crore related to the new Labour Codes. However, Revenue from Operations showed healthy growth of 7.5% YoY, reaching ₹212.24 Crore. The company also announced a significant leadership change with the appointment of Sameer Singh as Managing Director for a five-year term starting March 2026. While the bottom line was impacted by regulatory provisions, core EBITDA remained resilient at ₹23.39 Crore.

Consolidated Revenue from Operations grew 7.5% YoY to ₹212.24 Crore in Q3 FY26.
Reported a one-time exceptional loss of ₹16.09 Crore due to provisions for the new Labour Code (gratuity and compensated absences).
Net Profit (PAT) fell significantly to ₹0.89 Crore from ₹17.99 Crore in the same quarter last year.
Sameer Singh appointed as Managing Director effective March 1, 2026, for a 5-year tenure.
Nine-month (9M FY26) revenue stands at ₹592.10 Crore, up from ₹531.64 Crore YoY.

💡 Investors should treat the profit decline as a non-recurring accounting adjustment due to regulatory changes and focus on the 7.5% revenue growth. Monitor the leadership transition in March 2026 for any shifts in the company's digital or print strategy.

HMVL to Host Q3 FY26 Earnings Conference Call on January 28, 2026

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 22 Jan 2026, 01:51 PM

Hindustan Media Ventures Limited (HMVL) has scheduled a conference call for analysts and investors on January 28, 2026, at 2:30 PM IST. This follows the Board of Directors meeting on January 27, 2026, where the company will approve un-audited financial results for the quarter and nine months ended December 31, 2025. The call will be a joint webinar with the senior management of HT Media Group. This is a standard procedure for the company to discuss its quarterly performance and future outlook with the investment community.

Board meeting scheduled for January 27, 2026, to approve Q3 FY26 financial results.
Investor conference call and webinar set for January 28, 2026, at 14:30 IST.
Joint session covering both HT Media Limited and Hindustan Media Ventures Limited.
Focus on financial performance for the nine-month period ending December 31, 2025.

💡 Investors should monitor the financial results on January 27 and attend the webinar to gain insights into advertising revenue trends and the company's digital transition strategy.

HMVL Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Jan 2026, 08:31 PM

Hindustan Media Ventures Limited (HMVL) has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The report, issued by KFin Technologies Limited, covers the quarter ended December 31, 2025. It confirms that no requests for the dematerialization of equity shares were received during the three-month period. This is a standard administrative filing required by Indian stock exchanges to ensure the integrity of shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025.
Registrar and Share Transfer Agent, KFin Technologies, confirmed zero dematerialization requests.
The reporting period spanned from October 1, 2025, to December 31, 2025.
The filing ensures adherence to SEBI (Depositories and Participants) Regulations, 2018.

💡 No action is required from investors as this is a routine regulatory filing. Focus should remain on the company's upcoming quarterly financial results for material performance updates.

HMVL Announces Trading Window Closure from Dec 31 for Q3 FY26 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Dec 2025, 03:10 PM

Hindustan Media Ventures Limited (HMVL) has announced the closure of its trading window starting December 31, 2025, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the Un-Audited Financial Results for the quarter and nine-month period ending December 31, 2025. The window will remain closed for all designated persons until 48 hours after the results are made public. This is a standard regulatory procedure and does not indicate any change in the company's operational fundamentals.

Trading window closure begins on Wednesday, December 31, 2025.
Applies to equity shares for the quarter and nine-month period ending December 31, 2025.
Window to reopen 48 hours after the announcement of Un-Audited Financial Results.
Restriction applies to all Designated Persons and their immediate relatives as per the Company's Code of Conduct.

💡 This is a routine regulatory announcement. Investors should focus on the upcoming quarterly financial results to evaluate the company's performance.

View All HMVL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Print (Hindi) operating revenue grew 14% YoY to INR 197 Cr in Q2 FY26 from INR 172 Cr. Digital business revenue is scaling with consistent growth, though specific segment percentages were not disclosed. Total revenue for H1 FY26 reached INR 379.86 Cr, a 13.7% increase from INR 334.17 Cr in H1 FY25.

Geographic Revenue Split

Primary focus is on Hindi-speaking markets, specifically targeting incremental revenue in Tier 2 and Tier 3 cities. Regional markets are showing early signs of rising advertising rates, though specific % split by state is not disclosed.

Profitability Margins

Operating EBITDA margin for the Print segment improved to 11% in Q2 FY26 from 6% in Q2 FY25. However, HMVL's consolidated PAT margin declined to 4% in Q2 FY26 from 7% YoY, and consolidated EBITDA margin dropped to 8% from 10% YoY due to higher digital investments.

EBITDA Margin

Consolidated EBITDA was INR 18 Cr in Q2 FY26, a 15% YoY decrease from INR 22 Cr. The margin contraction from 10% to 8% is attributed to suppressed margins in the Digital segment as the company scales OTTplay.

Capital Expenditure

HMVL plans to replace and overhaul old equipment and machinery to drive efficiency. While specific INR Cr for future capex is not disclosed, the company maintains a robust net cash position of INR 947 Cr as of Q2 FY26 to fund initiatives.

Credit Rating & Borrowing

HMVL holds an [ICRA]A1+ rating for its INR 250 Cr Commercial Paper program. Borrowing costs include a coupon rate of 6.28% for a specific INR 50 Cr issuance maturing in January 2026.

⚙️ Operational Drivers

Raw Materials

Newsprint and Ink are the primary raw materials. Raw material expenses for Q2 FY26 were INR 56 Cr, representing 28.4% of operating revenue, up 16% YoY from INR 48 Cr.

Import Sources

Sourced from diverse geographic locations including both international (imported) and domestic vendors to mitigate geopolitical supply chain disruptions.

Key Suppliers

Not specifically named, but the company utilizes a 'dual approach' involving both international and domestic suppliers with a focus on vendor diversification.

Capacity Expansion

Current capacity not disclosed in MT; however, the company is focused on 'resource efficiency' and overhauling existing machinery rather than just volume expansion.

Raw Material Costs

Raw material costs increased 16% YoY to INR 56 Cr in Q2 FY26. Procurement strategies include spot buying for imported newsprint to capitalize on favorable market pricing and aggressive negotiations with domestic vendors.

Manufacturing Efficiency

Achieved a 7% reduction in hazardous waste and implemented resource efficiency programs for primary inputs like newsprint and ink to reduce downtime.

Logistics & Distribution

Focus on intensifying circulation drives for 'Hindustan' to expand readership and consolidate market share in key regional markets.

📈 Strategic Growth

Expected Growth Rate

13.70%

Growth Strategy

Growth will be achieved through circulation drives for the 'Hindustan' newspaper to capture Tier 2/3 city markets, calibrated pricing actions to optimize ad revenue, and scaling the OTTplay platform through strategic partnerships and bundling arrangements.

Products & Services

Hindi daily newspaper (Hindustan), digital news platforms, and OTT content aggregation services (OTTplay).

Brand Portfolio

Hindustan (Print), OTTplay (Digital), and Radio (segment mentioned under HT Media group).

New Products/Services

OTTplay is the primary new-age digital product. While it suppresses near-term margins, it is expected to drive long-term digital revenue as it reaches product-market fit.

Market Expansion

Targeting Tier 2 and Tier 3 cities in Hindi-speaking markets to capture incremental advertising and circulation revenue.

Market Share & Ranking

Hindustan is a leading Hindi daily; the company aims to consolidate market share through aggressive circulation drives.

Strategic Alliances

OTTplay is pursuing strategic partnerships and bundling arrangements with telecom or internet service providers to broaden audience reach.

🌍 External Factors

Industry Trends

The industry is seeing a digital transformation with news gaining wider acceptance online. HMVL is positioning itself by aligning content with market trends and investing in OTT aggregation to counter the 8.1% operating losses seen in the broader group during FY23.

Competitive Landscape

Faces competition from newer advertising mediums and other regional print players. The group's radio business also faces duress across the industry.

Competitive Moat

Moat is built on a legacy brand (Hindustan) and deep penetration in Hindi-speaking markets. Sustainability depends on successfully transitioning the audience to digital platforms like OTTplay.

Macro Economic Sensitivity

Highly sensitive to inflation in newsprint prices and general economic activity affecting advertising spends by corporates.

Consumer Behavior

Shift toward digital platforms for news and entertainment is a critical risk, prompting the company to prioritize digital product focus.

Geopolitical Risks

Geopolitical conflicts impact the global supply chain for newsprint, leading to price volatility and sourcing uncertainties.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to Audit Bureau of Circulation (ABC) audits and standard media regulations. No specific new restrictive pollution or pricing norms were cited.

Environmental Compliance

Planted ~7,000 trees contributing to a reduction of ~169 metric tons in carbon emissions; achieved 7% reduction in hazardous waste.

Taxation Policy Impact

Effective tax rate is approximately 9.4% based on Q2 FY26 PBT of INR 12.89 Cr and PAT of INR 1.168 Cr (standalone).

Legal Contingencies

No specific pending court case values were disclosed, but the company received zero sexual harassment complaints in FY 2024-25.

⚠️ Risk Analysis

Key Uncertainties

Volatility in newsprint costs and the speed of digital migration are the primary uncertainties, with potential to impact operating margins by several percentage points.