HT Media Shares Surge 18% as Q1 Net Profit Jumps to ₹48 Crore, EBITDA Turns Positive
Key Takeaways
- •HT Media's first-quarter net profit rose to ₹48 crore from ₹4 crore in the corresponding period of the previous year.
- •The company's EBITDA turned positive during the quarter, indicating a recovery in operating performance.
- •HT Media shares climbed approximately 18% following the release of the strong quarterly financial results.
- •The profit increase reflects the company's cost efficiency initiatives and efforts to expand digital revenue streams.
- •The ability to sustain improved financial performance across subsequent quarters remains the key metric for investors to monitor.
Shares of HT Media Ltd jumped approximately 18% after the company reported a sharp rise in first-quarter net profit and a return to positive EBITDA.
The Indian media group posted a net profit of ₹48 crore for the quarter, compared with ₹4 crore in the corresponding period a year earlier. The company's EBITDA also turned positive during the quarter, signaling improved operating performance.
HT Media is one of India's major print and digital media companies, chaired by Shobhana Bhartia. It publishes prominent newspapers including Hindustan Times (English), Hindustan (Hindi), and Mint (business). The company also operates several digital platforms and radio brand Fever FM. Its shares trade on Indian stock exchanges under the ticker symbol HTMEDIA.
The significant year-over-year increase in profitability reflects the company's ongoing efforts to improve cost efficiency and grow its digital revenues amid a broader transformation of India's media industry. Like many legacy print publishers, HT Media has faced pressure from declining print advertising as ad spend shifts toward digital platforms. The return to positive EBITDA suggests those restructuring and digital-pivot initiatives may be gaining traction, though the sustainability of the improvement across subsequent quarters remains the key metric for investors to monitor.
Source: CNBC-TV18
