HT Media Limited

Piyush Gupta

Group CFO - HT Media Group

Pervez Bajan

Head Financial Controllership & Taxation - HT Media Group

“Well, yes, though we don't give a forward guidance, but let me tell you this, at this point in time, on the commodity cycle of newsprint prices, I think we are in the lowest quartile what we have seen because this is a cyclical commodity, as you know, which is not traded on any commodity exchange.”

“At this point in time, what looks like that we will be able to repeat the performance and look forward to seeing you in the next quarter's call.”

Piyush Gupta

2

Aaditya Mulani

1

Yash R

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Aaditya Mulani

Ladies and gentlemen, a reminder to all participants that you may use the “Raise Hand” option on your screen, if you wish to ask a question. The next question is from the line of Mr. Yash R.

Piyush Gupta

So, I had this question which I couldn't ask the last time. What about the newsprint prices? What are we anticipated to be in the coming quarters? Well, yes, though we don't give a forward guidance, but let me tell you this, at this point in time, on the commodity cycle of newsprint prices, I think we are in the lowest quartile what we have seen because this is a cyclical commodity, as you know, which is not traded on any commodity exchange. But the prices that we are seeing, and I'm talking about the dollar prices which effectively 12 = IIHT Media Limited ~GC:ldlril ~ November 11, 2025 are the base for the rupee prices for domestic inventory are on one on their lower side. What I know for a fact is that RISI's estimate - RISI, which publishes the forward-looking estimate is talking about slightly rising prices but not sharply but very gradually, but at this point in time, we are discussing with various suppliers in terms of the forward buying that we have to do. But right now, we have

Piyush Gupta

Thank you, all. With this, we come to the end of the Q&A session. If you have any further queries, please reach out to the Investor Relations team. Our contact details are given in the investor presentation and are also mentioned on our websites. I now hand over to Piyush for closing remarks. Thank you, friends, for making the time to join our earnings call. I really appreciate that. As you can see, we've got a good set of numbers. We will always strive to bring in the best performance and the best numbers. At this point in time, what looks like that we will be able to repeat the performance and look forward to seeing you in the next quarter's call. With that, thank you so much and have a great day. Note: This transcript has been edited for readability and does not purport to be a verbatim record of the proceedings. 13