{"id":178080,"date":"2026-01-28T05:46:25","date_gmt":"2026-01-28T10:46:25","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178080"},"modified":"2026-01-28T05:46:25","modified_gmt":"2026-01-28T10:46:25","slug":"hindustan-media-ventures-q3-results-show-revenue-growth-lower-profitability","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/hindustan-media-ventures-q3-results-show-revenue-growth-lower-profitability\/","title":{"rendered":"Hindustan Media Ventures Q3 Results Show Revenue Growth, Lower Profitability"},"content":{"rendered":"\n<p>Hindustan Media Ventures Ltd (NSE: HMVL) reported mixed operating performance for the quarter ended December 31, 2025 (Q3 FY26), with revenue growth offset by margin pressure and the impact of exceptional items. The company operates primarily in Hindi print publishing, with exposure to digital media through subsidiaries.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"328\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-95.png\" alt=\"\" class=\"wp-image-178082\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-95.png 602w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-95-300x163.png 300w\" sizes=\"auto, (max-width: 602px) 100vw, 602px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Performance<\/h2>\n\n\n\n<p>Revenue from operations rose to \u20b9212 crore in Q3 FY26, up 7% year-on-year and 8% sequentially. Total income stood at \u20b9236 crore, supported by stable other income. EBITDA before exceptional items declined 9% year-on-year to \u20b923 crore, with EBITDA margin at 10%, compared with 12% a year earlier. Higher other expenses weighed on operating profitability.<\/p>\n\n\n\n<p>Profit after tax before exceptional items declined 6% year-on-year to \u20b917 crore. Reported profit after tax was significantly lower at \u20b90.9 crore at the consolidated level due to exceptional charges related to Labor Code implementation, which included gratuity and long-term employee benefit adjustments.<\/p>\n\n\n\n<p>For the nine months ended December 31, 2025, revenue from operations increased to \u20b9592 crore from \u20b9532 crore a year earlier. Nine-month profit after tax declined year-on-year, reflecting cost pressures and exceptional items booked during the period.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Segment trends<\/h2>\n\n\n\n<p>The print segment remained the core revenue driver. Hindi print advertising revenue declined marginally year-on-year, reflecting calendar shifts in festive spending, while circulation revenue remained broadly stable. Sequential trends showed modest improvement in advertising volumes.<\/p>\n\n\n\n<p>Digital operations recorded strong growth, with segment revenue rising 30% year-on-year. EBITDA losses narrowed on both a year-on-year and sequential basis, indicating improved operating leverage. Radio revenues declined sharply year-on-year due to a high base from event-led business in the prior period, with margins remaining under pressure.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Balance Sheet &amp; Cash<\/h2>\n\n\n\n<p>The company maintained a strong balance sheet. Net worth stood at approximately \u20b91,622 crore as of December 31, 2025. Debt levels remained low, with a debt-to-equity ratio of 0.05x. Commercial paper outstanding was \u20b950 crore. Liquidity indicators, including current ratio, remained stable.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Market Context &amp; Stock Performance<\/h2>\n\n\n\n<p>Hindustan Media Ventures operates in a structurally challenged print media environment, marked by gradual advertising recovery and increasing digital competition. Regional print advertising showed relative resilience compared with national media, though cost inflation and regulatory changes continued to affect margins during the quarter.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Forward Outlook<\/h2>\n\n\n\n<p>Company highlighted stable operating trends in print, ongoing recalibration of the radio business, and continued focus on scaling digital platforms with improving margins. It indicated that labor code-related costs were regulatory-driven and non-recurring, with further clarity expected as implementation evolves.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Investors are Watching<\/h2>\n\n\n\n<p>Investors are monitoring the pace of advertising recovery in Hindi print markets, cost control following labor code implementation, and progress toward profitability in digital operations. Trends in circulation stability and working capital discipline remain key indicators.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Risks &amp; Concerns<\/h2>\n\n\n\n<p>Key risks include sustained margin pressure from rising employee and compliance costs, slower-than-expected advertising recovery, and continued losses in radio operations. Regulatory uncertainty related to labor codes and execution risk in scaling digital businesses also remain relevant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hindustan Media Ventures Ltd (NSE: HMVL) reported mixed operating performance for the quarter ended December 31, 2025 (Q3 FY26), with revenue growth offset by margin pressure and the impact of exceptional items. The company operates primarily in Hindi print publishing, with exposure to digital media through subsidiaries. Financial Performance Revenue from operations rose to \u20b9212 [&hellip;]<\/p>\n","protected":false},"author":2382,"featured_media":125269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,392],"tags":[14625,8828,14937,10169,9175,14492,14934,8548,10089],"class_list":["post-178080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-earnings","tag-3q-earnings","tag-communication-services","tag-digital-media","tag-earnings","tag-earnings-call","tag-financial-results","tag-print-media","tag-publishing","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":179787,"url":"https:\/\/alphastreet.com\/india\/hindustan-copper-q3-fy26-earnings-results\/","url_meta":{"origin":178080,"position":0},"title":"Hindustan Copper Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"February 6, 2026","format":false,"excerpt":"Hindustan Copper Ltd posted exceptional Q3 FY26 results with revenue more than doubling amid copper price strength. The sole integrated copper producer showcased operational leverage through the value chain. Executive Summary Hindustan Copper Ltd reported consolidated revenues of \u20b9687 crore for Q3 FY26, up 109.45% YoY from \u20b9328 crore. Net\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/COP.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/COP.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/COP.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/COP.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/COP.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/COP.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":173177,"url":"https:\/\/alphastreet.com\/india\/tata-technologies-q3-fy26-earnings-results\/","url_meta":{"origin":178080,"position":1},"title":"Tata Technologies Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 16, 2026","format":false,"excerpt":"Incorporated in 1994, Tata Technologies Limited is a global engineering services company offering Product Development and Digital Solutions. Q3 FY26 Earnings Results Revenue from Operations: \u20b913,657 million, up 3.2% QoQ from \u20b913,233 million in Q2 FY26 and up 3.7% YoY from \u20b913,174 million in Q3 FY25. Services Segment Revenue: \u20b910,602\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Tata Technologies Q3 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Technologies-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Technologies-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Technologies-Q3-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Technologies-Q3-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Technologies-Q3-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Technologies-Q3-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":173653,"url":"https:\/\/alphastreet.com\/india\/syngene-q3-fy26-earnings-results\/","url_meta":{"origin":178080,"position":2},"title":"Syngene Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 22, 2026","format":false,"excerpt":"Syngene (established in 1993) as a Biocon subsidiary is India's first Contract Research Organization (CRO) which expanded later to be an integrated service provider offering end-to-end drug discovery, development, and manufacturing services on a single platform (CRAMS). 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Q2 FY26 Earnings Summary Consolidated revenue rose 1.98% year on year to \u20b916,241 crore from \u20b915,926 crore. Total expenses increased 3.3% to \u20b913,002\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Q2 FY26","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/HU.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/HU.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/HU.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/HU.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/HU.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/HU.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179776,"url":"https:\/\/alphastreet.com\/india\/bharti-hexacom-expands-margins-as-revenue-rises-4-8-in-q3-fy26\/","url_meta":{"origin":178080,"position":4},"title":"Bharti Hexacom Expands Margins as Revenue Rises 4.8% in Q3 FY26","author":"Staff Correspondent","date":"February 6, 2026","format":false,"excerpt":"Executive Summary Bharti Hexacom Limited delivered a steady revenue performance and a stronger improvement in profitability during the third quarter of FY26, benefiting from higher data consumption, expanding customer base, and rapid growth in non-mobile services. Revenue for the quarter ended December 31, 2025, stood at \u20b92,360 crore, reflecting a\u2026","rel":"","context":"In &quot;Technology&quot;","block_context":{"text":"Technology","link":"https:\/\/alphastreet.com\/india\/category\/technology-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":178499,"url":"https:\/\/alphastreet.com\/india\/tata-motors-q3-fy26-earnings-results\/","url_meta":{"origin":178080,"position":5},"title":"Tata Motors Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 30, 2026","format":false,"excerpt":"Tata Motors Group is a leading global automobile manufacturer. Part of the illustrious multi-national conglomerate, the Tata group, it offers a wide and diverse portfolio of cars, sports utility vehicles, trucks, buses and defence vehicles to the world. It has operations in India, the UK, South Korea, South Africa, China,\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2382"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=178080"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178080\/revisions"}],"predecessor-version":[{"id":178085,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178080\/revisions\/178085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125269"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=178080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=178080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=178080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}