HT Media Ltd — Interim / Quarterly Report 2025

Feb 4, 2025

==> picture [508 x 96] intentionally omitted <==

04[th] February, 2025

BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street Mumbai - 400 001

National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra-Kurla Complex, Bandra (E) Mumbai - 400 051

Scrip Code: 532662 Trading Symbol: HTMEDIA

Sub: Presentation on the Un-Audited Financial Results of the Company for the quarter ended on 31[st] December, 2024

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the presentation on the Un-Audited Financial Results of the Company for the quarter ended on 31[st] December, 2024.

We request you to take the above information on record.

Thanking you,

Yours faithfully, For HT Media Limited

MANHAR Digitally signed by MANHAR KAPOOR KAPOOR Date: 2025.02.04 13:51:18 +05'30' (Manhar Kapoor) Group General Counsel & Company Secretary

Encl: As above

Corp. office : 5[th] Floor, Lotus Tower, A Block, Community Centre, New Friends Colony, New Delhi- 110025 Ph.: 011-66561234

==> picture [960 x 60] intentionally omitted <==

HT MEDIA GROUP

Q3 FY2024-25

Consolidated Results

==> picture [663 x 77] intentionally omitted <==

==> picture [960 x 67] intentionally omitted <==

Cautionary Statements

Certain statements in this presentation may be forward-looking.

Such forward looking statements are subject to risks and uncertainties like regulatory changes, local political and economic developments, technological risks, geo-political macro changes and many other factors that could cause our actual results to differ materially from those contained in the relevant forward-looking statements.

HT Media Group will not, in any way, be responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

This is a quarterly presentation webinar, combining information for the publicly listed companies “HT Media Limited” and its subsidiary “Hindustan Media Ventures Limited”. Key objective of this presentation is to facilitate a unified platform for quarterly performance discussion pertaining to both these companies. It is neither intended to be an exhaustive review nor does it intend to provide any trading, financial, legal advice and/or future outlook.

==> picture [57 x 13] intentionally omitted <==

2

Chairperson’s Message

“The third quarter of the fiscal year bode well for the overall performance of your Company. Revenue grew in the annual festive season with a corresponding improvement in both business and operational metrics.

On a consolidated basis, we reported growth in revenue and an improvement in operational profitability compared to last year as well as sequentially. Print advertising revenues have on the back of price/mix seen improved revenue growth. This, coupled with sustained control on operational expenses, have led to margin improvement on y-o-y as well as q-o-q basis. The quarter also saw our Radio business post strong revenue growth as a result of non-FCT business, although margins continue to remain under duress. In the Digital business, the Company continues to post revenue growth and operational improvement.

Sustaining this positive momentum across our key business areas and ensuring smooth leadership transition will be our primary focus in the medium term while we remain steadfast in our commitment to delivering credible and trustworthy news and engaging entertainment content through our legacy platforms as well as new-age product offerings.”

Mrs. Shobhana Bhartia Chairperson and Editorial Director HT Media Ltd. & Hindustan Media Ventures Ltd.

==> picture [57 x 13] intentionally omitted <==

3

Table of Contents

PARTICULARS	SLIDE NO.
Consolidated Performance	5
Business Unit Performance	7
Print	8
Print – English	10
Print – Hindi (HMVL)	12
Radio	14
Digital	16
Annexures	20

==> picture [57 x 13] intentionally omitted <==

4

CONSOLIDATED PERFORMANCE

==> picture [57 x 13] intentionally omitted <==

5

Consolidated Financial Summary

==> picture [120 x 32] intentionally omitted <==

• Continuing upward momentum in total revenue on an annual as well as sequential basis

• Resultant improvement in EBITDA profitability

▪ Cash position remains robust

			YoY 9% 64% 79% 22%	Q2FY25	in INR crore QoQ
Particulars	Q3FY24	Q3FY25	YoY
Total Revenue	486	530	9%	479	11%
EBITDA1	28	46	64%	33	42%
EBITDA margin (%)	6%	9%		7%
PAT1	(15)	(3)	79%	(6)	50%
PAT margin (%)	-3%	-1%		-1%
Net Cash2	754	920	22%	919	0%

1 EBITDA and PAT are before exceptional items and share of JVs

• 2 Balance at the end of the period

==> picture [57 x 13] intentionally omitted <==

6

BUSINESS UNIT PERFORMANCE

==> picture [57 x 13] intentionally omitted <==

7

PRINT

==> picture [498 x 58] intentionally omitted <==

----- Start of picture text -----

PRINT – ENGLISH
----- End of picture text -----

==> picture [498 x 58] intentionally omitted <==

----- Start of picture text -----

PRINT – HINDI
----- End of picture text -----

RADIO DIGITAL

==> picture [57 x 13] intentionally omitted <==

8

Print

==> picture [120 x 32] intentionally omitted <==

==> picture [116 x 30] intentionally omitted <==

▪ Advertising led growth in Print segment revenue reflecting improved momentum

▪ Segment profitability has scaled up on y-o-y as well as q-o-q basis

			YoY 9% -11% 7% 67%	Q2FY25	in INR crore QoQ
Particulars	Q3FY24	Q3FY25	YoY
Ad Revenue	283	309	9%	252	22%
Circulation Revenue	58	52	-11%	55	-5%
Operating Revenue	363	387	7%	334	16%
Operating EBITDA	25	42	67%	19	120%
Op EBITDA margin (%)	7%	11%		6%

==> picture [57 x 13] intentionally omitted <==

9

PRINT

PRINT – ENGLISH

PRINT – HINDI RADIO DIGITAL

==> picture [57 x 13] intentionally omitted <==

10

Print – English

==> picture [219 x 33] intentionally omitted <==

==> picture [55 x 33] intentionally omitted <==

in INR crore

Advertisement Revenue

==> picture [201 x 142] intentionally omitted <==

----- Start of picture text -----

YoY
+14%
181
158
Q3FY24 Q3FY25
----- End of picture text -----

==> picture [189 x 142] intentionally omitted <==

----- Start of picture text -----

QoQ
+26%
181
143
Q2FY25 Q3FY25
----- End of picture text -----

• Growth on a y-o-y basis across key commercial categories except FMCG, BFSI and Industrial

Circulation Revenue

==> picture [280 x 151] intentionally omitted <==

----- Start of picture text -----

YoY
-22%
17
13
Q3FY24 Q3FY25
----- End of picture text -----

==> picture [281 x 151] intentionally omitted <==

----- Start of picture text -----

QoQ
-18%
16
13
Q2FY25 Q3FY25
----- End of picture text -----

==> picture [57 x 13] intentionally omitted <==

11

==> picture [960 x 60] intentionally omitted <==

PRINT

==> picture [498 x 58] intentionally omitted <==

----- Start of picture text -----

PRINT – ENGLISH
----- End of picture text -----

==> picture [498 x 58] intentionally omitted <==

----- Start of picture text -----

PRINT – HINDI
----- End of picture text -----

RADIO DIGITAL

==> picture [900 x 67] intentionally omitted <==

12

Print – Hindi

==> picture [116 x 30] intentionally omitted <==

in INR crore

Advertisement Revenue

==> picture [669 x 150] intentionally omitted <==

----- Start of picture text -----

YoY QoQ
+3% +17%
124 128 128
110
Q3FY24 Q3FY25 Q2FY25 Q3FY25
----- End of picture text -----

• Growth on a y-o-y basis seen across key commercial categories except Retail

Circulation Revenue

==> picture [279 x 142] intentionally omitted <==

----- Start of picture text -----

YoY
-6%
41 39
Q3FY24 Q3FY25
----- End of picture text -----

==> picture [283 x 141] intentionally omitted <==

----- Start of picture text -----

QoQ
+1%
39 39
Q2FY25 Q3FY25
----- End of picture text -----

==> picture [57 x 13] intentionally omitted <==

13

==> picture [960 x 60] intentionally omitted <==

PRINT

PRINT – ENGLISH

==> picture [498 x 59] intentionally omitted <==

----- Start of picture text -----

PRINT – HINDI
----- End of picture text -----

RADIO DIGITAL

==> picture [876 x 67] intentionally omitted <==

14

Radio

==> picture [61 x 35] intentionally omitted <==

==> picture [47 x 38] intentionally omitted <==

==> picture [43 x 41] intentionally omitted <==

==> picture [37 x 41] intentionally omitted <==

in INR crore

▪ Segment revenue improved on account of NFCT performance in the reported quarter

▪ Op. margins are at near breakeven - up sequentially

Particulars	Q3FY24	Q3FY25	YoY 29% nm		Q2FY25	QoQ
Operating Revenue Operating EBITDA Op EBITDA Margin (%)	40 3	51 (0)			35	46%
					(3) -9%	88%
	7%	-1%

‘nm’ refers to not meaningful

==> picture [57 x 13] intentionally omitted <==

15

==> picture [960 x 60] intentionally omitted <==

PRINT

PRINT – ENGLISH

PRINT – HINDI

RADIO DIGITAL

==> picture [876 x 67] intentionally omitted <==

16

Digital

==> picture [56 x 40] intentionally omitted <==

==> picture [98 x 40] intentionally omitted <==

==> picture [130 x 33] intentionally omitted <==

==> picture [108 x 38] intentionally omitted <==

in INR crore

▪ Revenue growth on annual basis led by OTTplay and Shine

• Losses reduced in OTTplay, certain investments in other digital businesses

Particulars	Q3FY24 Q3FY25 39 51 (34) (26)	Q3FY24 Q3FY25 39 51 (34) (26)	YoY		Q2FY25	QoQ
Operating Revenue Operating EBITDA	39 (34)		32% 24%		56	-7%
					(23)	-14%
Op EBITDA Margin (%)	-88%	-50%			-41%

==> picture [57 x 13] intentionally omitted <==

17

==> picture [242 x 80] intentionally omitted <==

==> picture [277 x 29] intentionally omitted <==

Q&A

1. To ask a question, Click on “Raise Hand”

2. On your turn, click on “Unmute Myself”

==> picture [58 x 40] intentionally omitted <==

==> picture [96 x 28] intentionally omitted <==

1. Ask your question

==> picture [57 x 13] intentionally omitted <==

18

HT Media Group

Hindustan Times House, 18-20, Kasturba Gandhi Marg, New Delhi – 110001, India

Anna Abraham Aaditya Mulani IR@hindustantimes.com

Anvita Raghuram htmedia@churchgatepartners.com

==> picture [87 x 21] intentionally omitted <==

==> picture [36 x 44] intentionally omitted <==

==> picture [57 x 13] intentionally omitted <==

19

==> picture [960 x 60] intentionally omitted <==

ANNEXURES

==> picture [882 x 67] intentionally omitted <==

20

Consolidated P&L – HT Media Ltd

==> picture [120 x 32] intentionally omitted <==

in INR crore

Particulars	Q3FY24 Q3FY25 YoY		Q2FY25 QoQ
Operating Revenue	443 490 11%		424 16%
Other Income	44 41 -7%		56 -27%
Total Revenue	486 530 9%		479 11%
Raw Materials & Change in Inventory Employee Cost Other expenses	122 114 -7% 104 114 10% 233 256 10%		100 13% 109 5% 237 8%
EBITDA1	28 46 64%		33 42%
EBITDA Margin (%)	6% 9%		7%
PAT1	(15) (3) 79%		(6) 50%
PAT Margin (%)	-3% -1%		-1%

1 EBITDA and PAT are before exceptional items and share of JVs

Note: Previous periods / years figures have been reclassified to confirm with current period / year, where applicable

==> picture [57 x 13] intentionally omitted <==

21

Consolidated P&L – Hindustan Media Ventures Ltd

==> picture [115 x 30] intentionally omitted <==

in INR crore

Particulars	Q3FY24 Q3FY25 YoY		Q2FY25 QoQ
Operating Revenue	183 197 8%		172 15%
Other Income	24 24 2%		36 -34%
Total Revenue	207 221 7%		208 6%
Raw Materials & Change in Inventory Employee Cost Other expenses	61 56 -7% 42 46 9% 96 94 -2%		48 16% 45 2% 93 0%
EBITDA1	8 26 209%		22 19%
EBITDA Margin (%)	4% 12%		10%
PAT1	(1) 18 nm		14 30%
PAT Margin (%)	0% 8%		7%

1 EBITDA and PAT are before exceptional items and share of JVs

Note: Previous periods / years figures have been reclassified to confirm with current period / year, where applicable

‘nm’ refers to not meaningful

==> picture [57 x 13] intentionally omitted <==

22