HT Media’s consolidated net loss has narrowed to Rs 18.98 crore for the first quarter ended in June 2023. The company had posted a net loss of Rs 41.80 crore in the April-June quarter of the previous fiscal.

The publication’s total income in Q1 2024 has increased by 3.12 per cent to Rs 445.17 crore.

HT Media Chairperson and Editorial Director Shobhana Bhartia has said, "Overall, our performance in Q1 23-24 has seen an improvement. While revenue is muted, profitability has expanded on the back of continued streamlining of costs and easing of commodity prices."

“The circulation and advertising grew on a year-on-year(YoY) basis in print, while in radio, non-FCT and value-added solutions drove the growth," she added.

The revenue has dropped by 6.93 per cent to Rs 323.55 crore from 'printing and publishing of newspapers and periodicals'.

Bhartia also stated that rising media spending by companies, growing consumer demand, more government spending, and relative easing in inflationary pressure, all augur well in the near term for Print, Radio and Digital sectors of the M&E industry, which should benefit the company.