New Delhi: HT Media Ltd reported a significant reduction in its consolidated net loss, narrowing it down to Rs 6.33 crore for the September quarter of FY2025. This is a marked improvement compared to a net loss of Rs 56.95 crore in the same period last year, as per the company’s regulatory filing.
The company’s revenue from operations rose by 7.55% to Rs 423.75 crore, up from Rs 393.99 crore in Q2 FY2024. Total income, which includes other sources, increased 12.24% to Rs 479.28 crore.
HT Media’s total expenses for the quarter were reported at Rs 488.67 crore, reflecting a 2.44% increase.
Chairperson Shobhana Bhartia attributed the improved performance to focused pricing strategies, effective cost management, and a favorable business environment. “The second quarter of the current fiscal saw an improvement in the overall performance of your company. Our revenue grew and operating profitability increased,” she stated.
In detail, HT Media’s revenue from the printing and publishing segment increased by 3.11% to Rs 334.20 crore. Conversely, revenue from radio broadcasting and entertainment dipped slightly to Rs 35.06 crore. However, the digital segment showed remarkable growth, with revenue soaring 53.85% to Rs 55.51 crore, largely driven by the success of its OTTplay business.
Bhartia noted, “The print business posted better numbers on the back of pricing-led advertising growth, which, coupled with our emphasis on operational efficiency, resulted in enhanced profitability. While the radio business was flat, the digital business saw considerable upside.”
Looking ahead, HT Media aims to capitalize on the upcoming festive season, anticipating a boost in growth from increased retail and commercial activity. “We remain committed to enhancing audience experience, providing innovative solutions for advertisers, and delivering engaging content to our customers,” Bhartia added.
Following the announcement, shares of HT Media Ltd closed at Rs 24.42 on the BSE, down 0.33% from the previous trading day.
