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HTMEDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HT Media's Board approved FY2026 audited financial results showing consolidated revenue of Rs. 1,803 crore, marginally up from Rs. 1,746 crore in FY25. However, the company swung to a net loss of Rs. 54.27 crore from a profit of Rs. 1.95 crore in FY25, primarily due to exceptional items totaling Rs. 123 crore including Rs. 3,306 lakh impairment of radio business assets, Rs. 4,054 lakh loss from new Labour Code implementation, and Rs. 3,316 lakh loss on surrender of radio licenses. EBITDA from continuing operations improved to Rs. 298 crore from Rs. 275 crore. The Board also approved investing up to Rs. 5 crore in Mosaic Media Ventures Pvt Ltd, a wholly-owned subsidiary. Discontinued operations (OTTplay business) reported a loss of Rs. 8,769 lakh for the year.
The significant loss despite stable revenue is concerning as it reflects underlying business challenges in radio and digital segments with large impairments. The investment in subsidiary is minor but shows continued funding support for subsidiary operations. Weak financial performance may negatively impact investor sentiment.