HTMEDIA - H T Media
📢 Recent Corporate Announcements
HT Media Limited has updated its list of officials authorized to determine the materiality of events or information, as required under Regulation 30(5) of SEBI (LODR) Regulations, 2015. The authorized group includes the Managing Director, CEO, Group CFO, and other senior executives. This update ensures that the company maintains clear protocols for disclosing significant information to stock exchanges. The filing provides specific contact details, including the investor relations email and the corporate office phone number 011-66561234. This is a standard administrative update and does not reflect any change in business operations.
- Compliance with Regulation 30(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Authorized officials include the Managing Director, CEO, Group CFO, and Chief Strategy Officer.
- Updated contact email provided as investor@hindustantimes.com for materiality-related queries.
- The announcement was officially recorded on March 9, 2026, signed by the Group General Counsel.
HT Media Limited shareholders have officially approved the appointment of Shri Sameer Singh as the Managing Director and Chief Executive Officer. The special resolution, which included the approval of his remuneration, was passed via postal ballot with an overwhelming 99.9783% of votes in favor. A total of 16.18 crore votes were polled, representing approximately 69.55% of the company's outstanding shares. While the promoter group voted 100% in favor, a segment of public non-institutional investors (33.44% of their polled votes) voted against the resolution.
- Special resolution for appointment of Sameer Singh as MD & CEO passed with 99.9783% votes in favor.
- Total votes polled were 16,18,82,100, accounting for 69.545% of the total 23.27 crore shares.
- Promoter group cast 16.17 crore votes, showing 100% unanimous support for the leadership change.
- Public non-institutional participation was low, with only 1.05 lakh votes polled out of 7.07 crore shares held.
- The resolution is deemed passed as of March 05, 2026, the final date of the e-voting process.
HT Media Limited has announced that Mr. Manhar Kapoor has resigned from his position as Whole-Time Director, effective February 28, 2026. Despite stepping down from the Board of Directors, Mr. Kapoor will continue to serve the company as Group General Counsel, Company Secretary, and Compliance Officer. The resignation is intended to allow him to focus exclusively on his responsibilities as a Key Managerial Personnel (KMP) under the Companies Act. This transition appears to be an internal restructuring of roles rather than a departure from the organization.
- Mr. Manhar Kapoor (DIN: 06553730) resigned as Whole-Time Director effective February 28, 2026.
- He will continue to act as Group General Counsel and Company Secretary (KMP).
- He will also retain his position as the Compliance Officer of the company.
- The resignation was submitted on February 27, 2026, to focus on legal and secretarial duties.
- The change is a shift in board status rather than a complete exit from the firm.
HT Media Limited has issued a corrigendum to its Postal Ballot Notice dated January 28, 2026, regarding the appointment of new Scrutinizers. This change was necessitated by 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 voting process. The e-voting period remains active from February 4, 2026, to March 5, 2026. This is a procedural update to ensure the fair and transparent conduct of the postal ballot.
- New Scrutinizers appointed: Shri Dhawal Kant Singh (C.P. No. 7347) or Shri Kabindra Jha (C.P. No. 22748) from D.S. Associates.
- E-voting period remains unchanged, running from February 4, 2026 (9:00 AM) to March 5, 2026 (5:00 PM).
- The corrigendum specifically amends Notes 6 and 7 of the original Postal Ballot Notice regarding Scrutinizer details.
- Institutional members are now directed to send voting authority documents to info@dsassociate.com.
- The cut-off date for determining member eligibility for the corrigendum was Friday, January 30, 2026.
HT Media reported a stable performance in Q3 FY26 with total revenue of INR 532 crore and a 9% YoY growth in EBITDA to INR 51 crore. The Print segment showed resilience with a 15% EBITDA margin, driven by a 16% sequential growth in English advertising revenue. While the Radio business faced challenges with a revenue decline to INR 34 crore due to a high base effect, the Digital segment grew significantly by 30% YoY to INR 67 crore. The company maintains a robust net cash position of INR 945 crore, providing a strong financial cushion for future operations.
- Consolidated EBITDA improved by 9% YoY to INR 51 crore with a 10% margin.
- Print segment operating revenue reached INR 395 crore with a healthy 15% EBITDA margin.
- Digital business revenue surged 30% YoY to INR 67 crore, showing improving margins.
- Net cash remains robust at INR 945 crore as of December 31, 2025.
- English print advertising revenue grew 16% sequentially to INR 179 crore.
HT Media has issued a postal ballot notice to seek shareholder approval for the appointment of Shri Sameer Singh as Managing Director & CEO for a five-year term effective March 1, 2026. The proposed remuneration package includes a fixed component of ₹3.16 crore per annum, comprising ₹60 lakhs basic salary and ₹256 lakhs special allowance. Additionally, the appointee is eligible for variable pay and bonuses up to 100% of the aggregate fixed pay. Shareholders are invited to vote on this special resolution via e-voting between February 4 and March 5, 2026.
- Appointment of Sameer Singh as MD & CEO for a 5-year tenure starting March 1, 2026
- Proposed fixed annual remuneration of ₹3.16 crore, with a ceiling of ₹4.12 crore for basic and special allowances
- Variable pay and performance bonuses capped at 100% of the total fixed salary components
- E-voting period for shareholders set from February 4, 2026, to March 5, 2026
- The resolution is proposed as a Special Resolution requiring 75% majority approval
HT Media reported a significant turnaround in profitability for Q3 FY26, posting a PAT of ₹17 crore compared to a loss of ₹3 crore in the same quarter last year. Total revenue remained stable at ₹532 crore, supported by a robust 30% growth in the Digital segment and a 16% sequential increase in English Print advertising. While the Radio business faced headwinds with a 34% revenue decline due to high base effects, the overall EBITDA margin improved to 10%. The company continues to maintain a strong liquidity position with net cash of ₹945 crore.
- Consolidated PAT turned positive at ₹17 Cr in Q3 FY26 versus a loss of ₹3 Cr in Q3 FY25.
- Digital segment revenue grew 30% YoY to ₹67 Cr, driven by properties like OTTplay.
- Print segment EBITDA expanded 43% YoY to ₹60 Cr, with margins improving to 15%.
- Radio revenue declined 34% YoY to ₹34 Cr, resulting in an operating EBITDA loss of ₹5 Cr.
- Maintained a strong balance sheet with net cash of ₹945 Cr as of December 31, 2025.
HT Media has announced the appointment of Sameer Singh as Managing Director and CEO for a five-year term starting March 1, 2026. For the quarter ended December 31, 2025, the company reported a consolidated net loss of ₹23.7 crore, a significant increase from the ₹3.24 crore loss in the year-ago period. The bottom line was heavily impacted by a net exceptional loss of ₹40.35 crore during the quarter. Despite the net loss, operational performance remained stable with revenue from operations rising slightly to ₹496.61 crore and EBITDA improving to ₹50.70 crore.
- Sameer Singh appointed as MD & CEO for a 5-year tenure effective March 2026.
- Consolidated revenue from operations grew to ₹496.61 crore in Q3 FY26 from ₹489.80 crore YoY.
- Net loss widened significantly to ₹23.70 crore compared to a loss of ₹3.24 crore in Q3 FY25.
- EBITDA increased to ₹50.70 crore from ₹46.40 crore in the same quarter last year.
- The company recorded a substantial exceptional item loss of ₹40.35 crore during the quarter.
HT Media reported a marginal 1.4% YoY increase in revenue from operations to ₹496.6 crore for Q3 FY26. While EBITDA showed improvement at ₹50.7 crore compared to ₹46.4 crore in the previous year, the company reported a consolidated net loss of ₹23.7 crore. This loss was primarily driven by a significant exceptional item loss of ₹40.35 crore during the quarter. Additionally, the board has approved the appointment of Sameer Singh as the Managing Director and CEO for a five-year term starting March 1, 2026.
- Revenue from operations grew slightly to ₹49,661 lakhs from ₹48,980 lakhs YoY.
- EBITDA increased to ₹5,070 lakhs in Q3 FY26, up from ₹4,640 lakhs in Q3 FY25.
- Consolidated net loss widened to ₹2,370 lakhs due to an exceptional loss of ₹4,035 lakhs.
- Sameer Singh appointed as MD and CEO for a 5-year term effective March 1, 2026.
- Nine-month cumulative revenue stands at ₹1,36,026 lakhs with a total comprehensive loss of ₹3,159 lakhs.
HT Media reported a 10% sequential growth in revenue from operations to ₹49,661 Lakhs for the quarter ended December 31, 2025. While EBITDA improved to ₹5,070 Lakhs, the company recorded a net loss of ₹2,370 Lakhs due to a significant exceptional charge of ₹4,035 Lakhs. A major leadership transition was announced with Sameer Singh appointed as MD and CEO effective March 1, 2026. The operational performance shows recovery, but the bottom line remains impacted by non-recurring items.
- Revenue from operations increased to ₹49,661 Lakhs in Q3 FY26 from ₹45,150 Lakhs in Q2 FY26.
- EBITDA grew to ₹5,070 Lakhs, up from ₹4,640 Lakhs in the corresponding quarter of the previous year.
- Reported a net loss of ₹2,370 Lakhs for the quarter, largely driven by an exceptional loss of ₹4,035 Lakhs.
- Sameer Singh appointed as Managing Director and CEO for a 5-year term starting March 2026.
- Total comprehensive loss for the nine-month period ended Dec 31, 2025, stands at ₹3,159 Lakhs.
HT Media Limited has scheduled a conference call for analysts and investors on Wednesday, January 28, 2026, at 2:30 PM IST. This call follows the Board of Directors meeting on the same day to approve the un-audited financial results for the quarter and nine months ended December 31, 2025. The webinar will feature senior management from the HT Media Group and will cover results for both HT Media Limited and Hindustan Media Ventures Limited. Investors are required to register in advance via the provided Zoom link to participate in the session.
- Earnings conference call scheduled for January 28, 2026, at 14:30 IST
- Board meeting to approve Q3 FY2025-26 results set for the same day, January 28
- Covers financial performance for the quarter and nine months ended December 31, 2025
- Joint results webinar for HT Media Limited and Hindustan Media Ventures Limited
HT Media Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the period ending December 31, 2025. The certificate, issued by KFin Technologies Limited, confirms that all dematerialization requests were processed within the mandatory 15-day timeframe. It further verifies that physical share certificates were mutilated and cancelled after the depository names were updated in the register of members. This is a standard procedural disclosure required by Indian listing regulations.
- Compliance certificate issued for the quarter ended December 31, 2025.
- Registrar KFin Technologies confirmed processing demat requests within 15 days of receipt.
- Physical security certificates were mutilated and cancelled after due verification.
- Confirmation that dematerialized shares are listed on the relevant stock exchanges.
HT Media Limited 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 company's un-audited financial results for the quarter and nine-month period ending December 31, 2025. The window will remain closed for all designated persons and their relatives until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be notified at a later date.
- Trading window closure begins on Wednesday, December 31, 2025.
- Closure applies to both standalone and consolidated un-audited financial results.
- Restriction remains in effect until 48 hours after the official results declaration.
- Designated persons and their immediate relatives are prohibited from trading during this period.
- Board meeting date for result approval to be announced in due course.
HT Media Limited has announced a reversal regarding its subsidiary, HT Music and Entertainment Company Limited (HTME). Previously, the company had surrendered its MIB license for the 'Fever' FM station in Chennai with a planned closure date of December 24, 2025. However, the company has now decided to put the closure of these operations on hold. This means the station will continue to operate for the time being, contrary to the earlier strategic exit plan announced in November 2025.
- HT Music and Entertainment Company Limited is a 100% wholly-owned subsidiary of HT Media.
- The planned closure of 'Fever' FM Chennai operations, scheduled for December 24, 2025, has been suspended.
- The company had previously surrendered the license issued by the Ministry of Information and Broadcasting (MIB).
- This update follows a prior disclosure made on November 25, 2025, regarding the exit from the Chennai radio market.
HT Media Limited has announced a reversal of its previous decision to shut down the 'Fever' FM Radio Station in Chennai. The operations were originally scheduled to close on December 24, 2025, following the surrender of the license by its wholly-owned subsidiary, HT Music and Entertainment Company Limited (HTME). This decision to close operations has now been put on hold, allowing the station to continue functioning for the time being. Investors should note that this follows a prior disclosure made on November 25, 2025, regarding the license surrender to the Ministry of Information and Broadcasting.
- Decision to close 'Fever' FM Chennai operations effective December 24, 2025, has been put on hold.
- The station is operated by HT Music and Entertainment Company Limited, a 100% subsidiary of HT Media.
- The subsidiary had previously surrendered its license to the Ministry of Information and Broadcasting (MIB).
- This update follows the initial closure disclosure made by the company on November 25, 2025.
Financial Performance
Revenue Growth by Segment
Consolidated revenue from operations increased by 6.5% to INR 1,806 Cr in FY 2024-25. Standalone revenue for Q2 FY26 was INR 244.42 Cr, representing a 1.88% YoY growth from INR 239.90 Cr. The Print business grew both annually and sequentially in Q2 FY26, while the Radio business saw sequential improvement in revenue.
Geographic Revenue Split
Not disclosed as a percentage split. However, the company holds established market positions in English print across Delhi NCR, Mumbai, Uttar Pradesh, and Punjab, and in Hindi print across Delhi NCR, Uttarakhand, Bihar, and Jharkhand.
Profitability Margins
Consolidated PAT margin improved to 0.7% in FY 2024-25 from -4.9% in FY 2023-24. Standalone net loss margin for Q2 FY26 was -19.74% compared to -5.36% in Q2 FY25, primarily impacted by an impairment of investment in subsidiaries of INR 37.76 Cr.
EBITDA Margin
Consolidated EBITDA margin increased to 9.2% in FY 2024-25 from 6.3% in FY 2023-24, a 2.9 percentage point improvement driven by newsprint cost rationalization. Standalone operating margin for Q2 FY26 was 3.67% compared to -5.93% in Q2 FY25.
Credit Rating & Borrowing
The company maintains a Negative outlook due to weaker operating performance in the digital segment. Gross liquidity was ~INR 1,612 Cr as of September 30, 2024, comfortably exceeding gross debt of ~INR 692 Cr. As of March 31, 2025, net cash position was nearly INR 970 Cr.
Operational Drivers
Raw Materials
Newsprint is the primary raw material, representing a significant portion of the cost structure in the Print segment.
Raw Material Costs
Newsprint-led raw material costs were rationalized in FY 2024-25, which was a key driver in improving the EBITDA margin from 6.3% to 9.2%.
Manufacturing Efficiency
Operating profit of the print segment improved to INR 60 Cr in 9MFY25 from INR 26 Cr in 9MFY24 due to steady newsprint prices and ad revenue improvement.
Strategic Growth
Expected Growth Rate
6.50%
Growth Strategy
Growth is targeted through the digital entertainment landscape via OTTplay, which shows robust renewal rates and rising engagement. In the Print segment, the company is focusing on cost optimization and expanding operating margins in key North Indian markets.
Products & Services
Newspapers (Hindustan Times, Mint, Hindustan), Radio broadcasts (Fever FM, Radio Nasha), and Digital entertainment subscriptions (OTTplay).
Brand Portfolio
Hindustan Times, Mint, Hindustan, Fever FM, Radio Nasha, OTTplay.
New Products/Services
OTTplay is the primary new digital platform, positioned as a frontrunner in India's evolving digital entertainment landscape.
Market Share & Ranking
Not disclosed as a percentage, but the company holds leading positions in Delhi NCR, Bihar, and Jharkhand for its print publications.
External Factors
Industry Trends
The industry is rapidly shifting from physical print to digital media. The digital entertainment landscape is growing, while core radio propositions across the industry remain under duress.
Competitive Landscape
The company competes with other major print media houses and digital-first news and entertainment platforms.
Competitive Moat
The company's moat is built on the established brand value of legacy publications like Hindustan Times and dominant market shares in specific regions like Bihar and Jharkhand, which provide a stable but maturing revenue base.
Macro Economic Sensitivity
Advertising revenues are highly sensitive to economic cycles and GDP growth, which directly impact corporate marketing spends.
Consumer Behavior
Increasing consumer preference for digital content consumption over physical newspapers is a primary trend affecting long-term demand.
Geopolitical Risks
Exposure to global newsprint prices, which are subject to international supply chain disruptions and geopolitical tensions.
Regulatory & Governance
Industry Regulations
Operations are subject to SEBI (LODR) regulations and media-specific licensing. A subsidiary company surrendered its license and closed operations on November 25, 2025.
Legal Contingencies
The company faces ongoing exposure to legal liabilities related to content and operations, though specific pending court case values were not disclosed.
Risk Analysis
Key Uncertainties
Prolonged delay in the ramp-up of the digital segment (OTTplay) could materially deplete liquidity. Newsprint price volatility remains a key uncertainty for the print business.
Geographic Concentration Risk
High revenue concentration in North India, specifically Delhi NCR, Bihar, and Jharkhand.
Third Party Dependencies
Dependency on newsprint suppliers for the primary raw material of the print segment.
Technology Obsolescence Risk
High risk of technology obsolescence as traditional print media is replaced by digital platforms, necessitating heavy investment in digital transformation.
Credit & Counterparty Risk
Receivables quality was not detailed, but the group's strong liquidity of INR 1,549 Cr provides a significant buffer against counterparty risks.