HT Media FY22 revenue up 26% to Rs 1,678 crore

HT Media has reported an increase of 26% in revenue reaching Rs 1,678 crore in FY22 in comparison to Rs 1,331 crore in FY21, led by growth across all businesses.

The company’s Q4 FY22 revenue grew by 14% to Rs 456 crore versus Rs 398 crore in Q4 FY21.

FY22 EBITDA stood at Rs 204 crore with 12% margins (FY21 margin at 7% ); up by 127% versus FY21, despite the impact of multiple Covid waves during the fiscal.

HT Media posted PAT at Rs 19 crore in FY22 in comparison to a Rs 65 crore loss last year, an improvement of Rs 84 crore.

Print

HT Media’s operating revenue from print grew by 33% to Rs 1,269 crore in FY22 from Rs 956 crore in FY21. Advertising and circulation revenue stood at Rs 950 crore (up by 33%) and Rs 211 crore (up by 17%) in FY22, respectively, versus Rs 717 crore and Rs 180 crore in FY21.  

The operating revenue rose by 20% to Rs 357 crore in Q4 FY 22 from Rs 297 crore in Q4 FY21.

Ad revenue added Rs 249 crore in Q4 FY22 against Rs 233 crore in Q4 FY21. Q4 FY22 revenue from circulation grew by 17% to Rs 56 crore in comparison to Rs 48 crore in Q4 FY21.

Hindustan Times and Mint added an ad revenue growth of 46% to Rs 510 crore in FY22 against Rs 349 crore in FY21. The circulation business added Rs 35 crore (up by 130%) in revenue versus Rs 15 crore in FY21.

In Q4, the ad revenue from Mint and Hindustan Times was up by 12% to Rs 132 crore from Rs 118 crore in Q4 FY21. The circulating revenue galloped by 122% to Rs 12 crore from Rs 5 crore in Q4 of FY22.

In FY22, HT Media’s Hindi newspaper Hindustan’s ad revenue was up by 20% to Rs 441 crore against Rs 368 crore in FY21. Its circulation revenue was up by 7% to Rs 176 crore from Rs 165 crore.

In Q4 of FY22, Hindustan’s ad revenue remained flat at Rs 117 crore in comparison to Rs 116 crore in Q4 FY21. Circulation revenue of Q4 revenue was up 3% to Rs 45 crore from Rs 43 crore of the corresponding previous quarter.

Ad revenue growth was led by both volume and yield. Better circulation revenue was led by an increase in print order and realisation per copy for both English and Hindi.

Radio

Operating revenue from radio increased by 37% to touch Rs 101 crore in FY22 versus Rs 74 crore in FY21. For Q4, the operating revenue rose by 30% to Rs 31 crore from Rs 24 crore in Q4 FY21.

The radio business witnessed a growth in revenue for the quarter and full-year driven by volume.

Digital

Digital revenue for the fiscal year 2022 grew by 47% to Rs 132 crore versus Rs 90 crore in FY21. Q4 revenue was up 16% to Rs 33 crore versus Rs 29 crore in the corresponding quarter of the previous year.

Shobhana Bhartia, Chairperson and Editorial Director, HT Media and Hindustan Media Ventures, said, “In the last financial year, economic and commercial activities remained volatile on account of a multitude of external factors. In the first part of the year, the second wave of the pandemic affected lives, livelihoods, and businesses. As the wave subsided, business activity picked up and was supported in the third quarter of the financial year by the annual festive season. However, the last quarter of the year saw some disruption on account of the third wave of Covid-19, caused by the Omicron variant, and geopolitical factors, such as Russia’s invasion of Ukraine which resulted in high inflation, and a sharp rise in commodity prices.”

She further said, “Against this backdrop, advertising revenue from our print and radio businesses in the last quarter has grown over last year, owing to sustained efforts of our teams and gradual improvement in the business environment. Circulation revenues too are on an upswing. Digital revenue grew handsomely. The full year, saw good growth in revenue across businesses and higher operating profit margins.”

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