Q4 2024 Hindustan Media Ventures Ltd Earnings Call Transcript
Key Points
- Hindustan Media Ventures Ltd (BOM:533217) saw a 7% increase in total revenue for Q4, reaching INR527 crores.
- EBITDA for Q4 increased substantially to INR64 crores, with margins at 12%.
- The radio business recorded a 31% revenue growth on a quarterly basis and 9% on a full-year basis.
- The digital segment showed a 37% growth in revenue for the quarter and 16% for the full year.
- The company maintains a healthy net cash balance of INR884 crores as of March 31, 2024.
- Circulation revenues for the print business were down 6% on a quarterly basis.
- Investments in new business verticals, particularly in the digital domain, moderated overall profitability for the year.
- The company remains cautious about ongoing global conflicts that could disrupt supply lines and impact commodity costs.
- Despite improvements, the pricing power in the market remains under pressure, affecting profitability.
- The OTT play segment is not expected to be profitable in the next financial year, with significant investments still required.
Good afternoon, ladies and gentlemen. This is Aaditya Mulani from the HT Media Group. I would like to welcome you all to our quarter four and full financial year FY 2023, '24 earnings webinar. (Event Instructions)
I now hand over to Ms. Anna Abraham, CFO, Hindustan Media Ventures Limited; and Head Investor Relations, HT Media Group. Thank you, and over to you, Anna.
Thank you, Aaditya. Good afternoon, everyone. Welcome to our earnings webinar on the results for the fourth-quarter and the full-year financial year 2023, '24. We would be discussing the results of Hindustan Media Ventures Limited announced yesterday and those of HT Media Limited, which were released earlier today.
On the call today, we have Mr. Piyush Gupta, Group CFO; Mr. Pervez Bajan, Group Controller; and members of our Investor Relations team. Please be aware that our comments during this webinar will follow the presentation slides. These slides and the
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