Hindustan Media Ventures Sees Q4 Profit Fall Despite Revenue Growth

Hindustan Media Ventures Ltd reported a decline in Q4 profits to Rs 27.48 crore, a 39% drop from the previous year, despite an 18.6% rise in revenue. The company is set to invest in Assetvault Ltd, with its annual net profit falling 37.4% to Rs 48.69 crore.

Hindustan Media Ventures Ltd (HMVL), the publisher behind the Hindi daily Hindustan, announced a consolidated net profit of Rs 27.48 crore for the March quarter of 2025-26, reflecting a substantial 39.4% decrease from the same period last year.

The company previously recorded profits of Rs 45.40 crore during the similar timeframe the preceding year, as stated in its recent regulatory filing. Even so, the company's revenue from operations increased by 18.67% to Rs 215.53 crore in the March quarter compared to Rs 181.61 crore during the same period last year. The total expenses were reduced by 4.7% year-on-year, standing at Rs 156.38 crore for the March quarter.

HMVL's overall income, factoring in other income streams, was slightly down by 1.9%, amounting to Rs 229.49 crore. Over the entire fiscal year, HMVL experienced a 37.4% drop in net profit, falling to Rs 48.69 crore. Nevertheless, its total consolidated revenue saw a 2.46% increase to Rs 831.41 crore for the financial year concluding on March 31, 2026.

Additionally, HMVL revealed its board's approval for an investment of up to GBP 1.67 million, approximately Rs 21.66 crore, through the subscription of equity shares in Assetvault Ltd.