Hindustan Media Ventures Limited has informed the Exchange regarding Outcome of Board Meeting held on May 28, 2026.
HMVL · price
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Hindustan Media Ventures Limited reported FY26 standalone revenue from continuing operations of Rs. 7,396.4 Cr, up 9.9% from Rs. 6,731 Cr in FY25. However, profit after tax from continuing operations declined 13.2% to Rs. 1,424.5 Cr from Rs. 1,641.6 Cr. The company discontinued its OTTplay business effective March 31, 2026, reporting losses of Rs. 923.9 Cr (after tax) from discontinued operations. Exceptional items included Rs. 151.9 Cr loss from new Labour Codes impact and Rs. 11.5 Cr inventory write-down in continuing operations, plus Rs. 101.6 Cr provision for OTTplay discontinuation. The Board approved investing GBP 1.67 Mn (~Rs. 21.66 Cr) in Assetvault Limited (AasaanWill) and recommended no dividend for FY25-26. Auditors issued an unmodified (clean) opinion.
Revenue growth was modest at ~10% but profitability declined due to exceptional items and losses from discontinued operations. No dividend recommendation may disappoint income-seeking investors. The clean audit opinion indicates no material concerns about financial statements.