HT Media Limited

Piyush Gupta

Group CFO - HT Media Ltd.

Pervez Bajan

Head Financial Controllership & Taxation - HT Media Group

rs,

year, your Company saw consistent growth in terms of both revenue and profitability in most quarters, indicating a broad-based upswing, especially in the latter half of the year. The improvement can be

12%

nt in net cash position as compared to the prior year. So, total revenue on quarterly basis grew 12%. PAT grew 88% from INR 30 cr to INR 57 cr. On a full year basis, the revenue growth was 7%, and PA

88%

position as compared to the prior year. So, total revenue on quarterly basis grew 12%. PAT grew 88% from INR 30 cr to INR 57 cr. On a full year basis, the revenue growth was 7%, and PAT came to a p

INR 30

as compared to the prior year. So, total revenue on quarterly basis grew 12%. PAT grew 88% from INR 30 cr to INR 57 cr. On a full year basis, the revenue growth was 7%, and PAT came to a positive numbe

INR 57

o the prior year. So, total revenue on quarterly basis grew 12%. PAT grew 88% from INR 30 cr to INR 57 cr. On a full year basis, the revenue growth was 7%, and PAT came to a positive number at INR 20 cr

7%

s grew 12%. PAT grew 88% from INR 30 cr to INR 57 cr. On a full year basis, the revenue growth was 7%, and PAT came to a positive number at INR 20 cr, which is a substantial increase. And EBITDA grew

INR 20

INR 57 cr. On a full year basis, the revenue growth was 7%, and PAT came to a positive number at INR 20 cr, which is a substantial increase. And EBITDA grew by 58%. If you see the net cash position, we h

58%

d PAT came to a positive number at INR 20 cr, which is a substantial increase. And EBITDA grew by 58%. If you see the net cash position, we have as of 31st March, cash in excess of INR 1,000 cr on the

INR 1,000

EBITDA grew by 58%. If you see the net cash position, we have as of 31st March, cash in excess of INR 1,000 cr on the books. Diving into the Print performance, despite muted growth in advertising and circu

INR 61

you look at the operating EBITDA margin, there's a strong growth, and quarter ended with EBITDA of INR 61 cr and on a full year basis, it was INR 121 cr, which is a growth of 67%. With a margin expansion,

INR 121

re's a strong growth, and quarter ended with EBITDA of INR 61 cr and on a full year basis, it was INR 121 cr, which is a growth of 67%. With a margin expansion, also, of ~400 basis points. If you break d

67%

r ended with EBITDA of INR 61 cr and on a full year basis, it was INR 121 cr, which is a growth of 67%. With a margin expansion, also, of ~400 basis points. If you break down the Print into Hindi and

“So, what is the rate at which you expect growth in the coming year in revenue?”

“So, we don't, give specific guidance on it, but broadly, as you can see, we have been, growing on a q-o-q basis, and the losses have also, reduced, from what we had reported last year.”

“We expect to keep up the momentum on the growth side, given that, it's still a very nascent business from that perspective and hopefully by the end of this year, we should be in a break-even situation.”

“So, look, Mohit, I think broadly because we don't give any guidance and we are investing behind a business in which we are seeing some traction on the top line, which of course is coming for a reasonable amount of cost.”

“4 May 20, 2025 And I can absolutely bet that, next year will be efficient.”

“Yeah, and do we expect similar growth going forward?”

“So, look, what I give you every year on a fully diluted basis our investment position will be, north of INR 1000 cr.”

“All right and going forward, if you can give us kind of a guidance on that segment.”

“also we have in this year done some level of investment, for scaling up for revenue going forward.”

“If we need to build businesses, businesses are difficult to set up within two years, so therefore, there will be some level of investment that we have to do if we have to make inroads into a new business segment, which is what OTTplay is, and to establish it.”

Anna Abraham

24

Yash R.

13

Piyush Gupta

9

Aaditya Mulani

7

Mehul Parikh

6

Mohit Kumra

5

Mehul Pathak

5

Jay Dattani

2

Yash R

1

Piyush Gupta

Thanks Aaditya, thanks, Anna. We'll be tracking the webinar on the screen. So, let's dive into it. So, the first slide is consolidated financial summary. As you can see, growth seen in overall revenue and profitability for the concluded quarter, as well as the fiscal year. On the left side is the quarterly financials. On the right side, you can see the annual numbers. Robust improvement in net cash position as compared to the prior year. So, total revenue on quarterly basis grew 12%. PAT grew 88% from INR 30 cr to INR 57 cr. On a full year basis, the revenue growth was 7%, and PAT came to a positive number at INR 20 cr, which is a substantial increase. And EBITDA grew by 58%. If you see the net cash position, we have as of 31st March, cash in excess of INR 1,000 cr on the books. Diving into the Print performance, despite muted growth in advertising and circulation, segment profitability remains very strong, led by softer newsprint prices. So, as you can see, the ad revenues are flat to

Piyush Gupta

We will now begin the Q&A session. You can click on the “Raise Hand” option, which will enable the moderator to unmute you for posing your query. Please introduce yourself before posing your query and kindly restrict to a maximum of 2 questions per participant, so that we may be able to address questions from all participants. We will wait for a few moments while the question queue assembles. The first question is from the line of Mohit Kumra. Please introduce yourself and ask your question. Good afternoon. This is Mohit Kumra. My questions are specifically directed to HMVL and to OTTplay to get even more specific. So, in this quarter, we have done about INR 20 cr of revenue and we are losing about INR 1.30 for every INR 1 of sale, approximately. So, what is the rate at which you expect growth in the coming year in revenue? And at what point do we at least get to a 1:1, break even? Like, what is your estimate in this matter? So, we don't, give specific guidance on it, but broadly, as y

Piyush Gupta

Absolutely. If you see the 4th quarter’s growth versus the same quarter, last year and versus the 1st quarter this year, both in absolute number and the gradient of growth, you can see a difference. I just look at the first quarter's call versus this quarter's call on OTTplay.

Piyush Gupta

On your latest balance sheet, how much, and I'm only speaking of HMVL right now, standalone. What is the amount of ad-for-equity property which is sitting on your balance sheet right now? Well, we don't give that number separately, but I can tell you, for quite some time now, substantial part of our ad-for-equity deals, are happening on the HMVL balance sheet. So, a substantial part of the properties and the risk and reward and the economics of that is sitting in HMVL's financials.

Piyush Gupta

Broadly, I will give you that number this year also. So, look, what I give you every year on a fully diluted basis our investment position will be, north of INR 1000 cr. Now those numbers are very high-level numbers. We will not be able to give you a diluted state, what's equity, what's convertible instruments, what's real estate, what's profit, what's the revenue, and so on and so forth, but a substantial part of that is sitting in HMVL for sure. 5

Mohit Kumra

So last year you confirmed that it was approximately INR 250 cr. Are we still around there only? I'm talking only of HMVL. May 20, 2025