Hindustan Media Ventures reports 7.5% rise in Q3 FY26 revenue

Hindustan Media Ventures (HMVL) reported higher revenues but a sharp decline in profitability for the quarter ended December 31, 2025, weighed down by exceptional losses during the period.

Revenue from operations rose to Rs 212.24 crore in Q3 FY26, up 7.8 percent quarter-on-quarter from Rs 196.87 crore in Q2 FY26 and 7.5 percent year-on-year from Rs 197.47 crore in the corresponding quarter last year. Total income for the quarter stood at Rs 236.39 crore, compared with Rs 224.92 crore in the September quarter and Rs 221.39 crore in Q3 FY25.

EBITDA improved sequentially to Rs 23.39 crore, registering a 27.4 percent quarter-on-quarter increase from Rs 18.35 crore in the previous quarter. However, on a year-on-year basis, EBITDA declined 9.1 percent from Rs 25.73 crore in Q3 FY25.

Profitability was significantly impacted by exceptional losses of Rs 16.09 crore during the quarter. As a result, profit before tax fell sharply to Rs 1.34 crore, compared with Rs 11.29 crore in Q2 FY26 and Rs 19.71 crore in the year-ago period. Profit after tax stood at Rs 0.89 crore, down 91.2 percent sequentially from Rs 10.08 crore and 95.1 percent year-on-year from Rs 17.99 crore.

Segment performance

The printing and publishing business remained the largest contributor to revenues, reporting segment revenue of Rs 180.66 crore in Q3 FY26. This represented a 3.1 percent sequential increase from Rs 175.25 crore in Q2 FY26 and a marginal 0.5 percent rise from Rs 179.72 crore in the corresponding quarter last year.

The digital segment continued to deliver strong growth, with revenues climbing to Rs 28.96 crore during the quarter. This marked a 40.3 percent quarter-on-quarter increase from Rs 20.64 crore in Q2 FY26 and a sharp 73.2 percent year-on-year jump from Rs 16.72 crore in Q3 FY25.

Unallocated revenue stood at Rs 3.30 crore in Q3 FY26, compared with Rs 2.27 crore in the previous quarter and Rs 2.39 crore a year ago. After adjusting for inter-segment revenue of Rs 0.68 crore, net revenue from operations for the quarter stood at Rs 212.24 crore.

Nine-month performance

For the nine months ended December 31, 2025, HMVL reported revenue from operations of Rs 592.10 crore, up 11.4 percent from Rs 531.64 crore in the same period last year. Total income for the period increased to Rs 671.02 crore, compared with Rs 618.63 crore a year earlier.

EBITDA for the nine-month period stood at Rs 59.46 crore, up 6.1 percent year-on-year. Profitability, however, remained under pressure, with profit before tax declining to Rs 24.40 crore from Rs 35.07 crore in the corresponding period last year due to exceptional losses. Profit after tax for the nine months ended December 2025 fell to Rs 21.21 crore, compared with Rs 32.38 crore in the year-ago period.