HT Media Ltd

Financial performance

• Total revenue rose 15% to INR 497 crore; EBITDA up nearly 3x to INR 90 crore.
• PAT rose to INR 47 crore with PAT margin at 9%.
• Consolidated net cash position stood at INR 922 crore.

Segment update

• Print revenue grew 16% to INR 376 crore; EBITDA INR 50 crore, margin 13%.
• Print ad revenue up 15% to INR 295 crore; circulation revenue flat at INR 52 crore.
• English Print ad revenue up 12% to INR 156 crore; circulation INR 13 crore.
• Hindi Print ad revenue INR 139 crore; circulation flat.
• Radio revenue flat; EBITDA negative INR 3 crore.
• Digital revenue down about 28%; EBITDA negative INR 3 crore; margin -12%.

Capital and liquidity

• Preferential issue priced on SEBI formula to retire 30–50% of debt.
• Consolidated net cash position includes HT Media; no free cash at HT Media or Digicontent.
• Debt has built up over 4–5 years; equity raise improves EPS and debt profile.

Q&A highlights

• Ranga Prasad questioned preferential issue vs rights; management cited faster process and certainty.
• Pref issue pricing via SEBI formula; aim to retire 30–50% of debt.
• Mehul Pathak urged other capital options; management says options are on the table.
• Rohan Agarwal asked about other income mix; treasury gains and asset sale; future unpredictable.
• Yash R queried Print EBITDA margin sensitivity to newsprint; dollar risk acknowledged.

Guidance and outlook

• Cautionary note: no specific revenue or earnings projections provided.

Resolution: preferential warrants

• Special resolution to issue warrants on a preferential basis approved; promoter group participated.
• Voting outcome: 88.748% in favour, 11.252% against.

Resolution details

• Issuance of warrants on preferential basis approved; special resolution.
• Promoter group expressed interest in the agenda.

Voting outcome

• Total votes polled: 182,592,268; in favour: 162,046,174; against: 20,546,094.
• Promoter group voted in favour; overall 88.75% in favour.
• Resolution approved with requisite majority.

Capital raise details

• Special resolution to issue 3,87,87,137 warrants on a preferential basis.
• Aggregate size up to INR 95.30 crore.
• Allottees include promoter Hindustan Times Limited and six non-promoters.
• Issue price fixed at INR 24.57 per warrant.
• INR 90 crore for debt repayment; INR 5.30 crore for general corporate purposes.
• Voting conducted via remote and on-site; results to be declared subsequently.

Voting outcome

• Voting results not disclosed in the document.

Shareholding & governance

• No material changes to shareholding disclosed.
• No board/management changes announced.

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during 1 April 2026 to 30 June 2026.