Hindustan Media Ventures Limited has submitted to the Exchange, the financial results for the Quarter and Financial Year ended March 31, 2026.
HMVL · price
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Hindustan Media Ventures Limited (HMVL) reported audited results for FY26. Revenue from continuing operations grew 9.9% to Rs 739.6 crore from Rs 673.1 crore. However, profit after tax from continuing operations declined 13.2% to Rs 142.5 crore from Rs 164.2 crore. EBITDA from continuing operations was marginally higher at Rs 202.7 crore (FY25: Rs 198.2 crore), indicating margin compression. The company took exceptional items totalling Rs 67 lakh in continuing operations (net) comprising labour code impact of Rs 151.9 lakh, partly offset by a Rs 37.3 lakh reversal of impairment in subsidiary, and a Rs 11.5 lakh inventory write-down. The OTTplay digital business was discontinued effective March 31, 2026, contributing a loss of Rs 92.4 crore after tax. No dividend was recommended for FY26. The Board also approved investing up to Rs 21.66 crore in Assetvault Limited. Auditors issued an unmodified opinion.
The stock faces pressure as PAT from core operations declined despite modest revenue growth, and the large loss from the discontinued OTTplay business significantly dents overall profitability. The flat EBITDA margin signals cost pressures in the print media business.