HT Media Limited has informed the Exchange about Acquisition
HTMEDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HT Media Limited's Board of Directors met on May 29, 2026 and approved the audited consolidated financial results for Q4 and FY ended March 31, 2026. The company reported consolidated revenue from continuing operations of Rs. 1,80,331 Lakhs for FY26, up from Rs. 1,74,584 Lakhs in FY25. However, net loss after tax from continuing and discontinued operations was Rs. 5,427 Lakhs compared to a profit of Rs. 195 Lakhs in FY25. Exceptional items totaling Rs. 11,423 Lakhs included impairment of radio business assets (Rs. 3,306 Lakhs), digital business assets (Rs. 632 Lakhs), loss on surrender of radio licenses (Rs. 3,316 Lakhs), and impact of new Labour Codes (Rs. 4,054 Lakhs). The Board also approved investment of up to Rs. 5 crores by subscribing to equity shares of Mosaic Media Ventures Private Limited, a wholly-owned subsidiary. Segment-wise, Printing & Publishing remained profitable (Rs. 15,168 Lakhs profit) while Radio and Digital segments continued to incur losses.
The company posted a net loss for FY26 driven by significant exceptional items and continued losses in radio and digital segments. The Rs. 5 crore investment in the subsidiary is a minor capital infusion with limited near-term impact on the stock. The headline referencing 'Acquisition' appears to be a mislabeling since the investment is in an existing wholly-owned subsidiary.