HMVL Q1 FY27: consolidated PAT swells 5x to ₹51 Cr, but revenue growth just 7.8% YoY
PAT +399.71% YoY · revenue +7.75% · margins expanding
₹197.18 Cr
+7.75% YoY
₹51.17 Cr
+399.71% YoY
20.97%
+16.1pp YoY
₹6.95
Hindustan Media Ventures reported consolidated PAT (continuing + discontinued operations) of ₹51.17 Cr for Q1 FY27, up from ₹10.24 Cr a year ago and ₹27.48 Cr last quarter, while revenue from operations rose just 7.8% YoY to ₹197.18 Cr (and fell 8.5% QoQ from the seasonally stronger Q4). Standalone PAT of ₹50.87 Cr and EPS of ₹6.90 track the consolidated ₹51.17 Cr / ₹6.95 within 1%, so the two bases tell the same story this quarter.
Q1 FY-2027 vs prior quarters
The PAT surge is almost entirely a non-operating story: other income jumped to ₹46.88 Cr from ₹26.72 Cr a year ago (+75%) and ₹13.96 Cr last quarter (+236%), while the filing does not break out its composition. Stripped of other income, operating profit (revenue less operating expenses) was ₹22.22 Cr this quarter versus ₹3.30 Cr a year ago (a low base) but down sharply from ₹59.15 Cr in Q4 FY26 — so the core print business did not repeat its prior-quarter operating strength even as reported NPM (on total income) rose to ~21% from ~5% YoY. No consensus/street estimates for this small-cap print name turned up in search, so vsStreet is unknown; there is no formal quantitative guidance on record either, but management's qualitative outlook from the Q4 FY26 call — continued print-yield-led revenue strength and no further exceptional losses from discontinued operations — held up: revenue grew (modestly) and both continuing and discontinued segments posted nil exceptional items this quarter, versus ₹10.4 Cr of combined exceptional losses in Q4 FY26.
The stock went into the print at ₹101.49, up 12.1% over the past month of trading.
For context: this is the second-highest quarterly PAT of the last 6 quarters; PAT has now risen for 2 consecutive quarters.
Management anticipates continued strength in Print advertising revenue driven by yield improvements and a focus on circulation volume in key markets. While no specific revenue or earnings projections are provided, the company's strategic decisions, including the discontinuation of the OTTplay business and surrender of
— This quarter: met
The OTTplay wind-down (discontinued since March 2026) continues to shrink: its net loss narrowed to ₹4.46 Cr from ₹34.40 Cr in Q4 FY26 and ₹15.83 Cr a year ago, tracking toward completion. Separately, the quarter saw the Mathew Cyriac Group acquire a 2.06% stake (Jul 25, 2026) and the trading window close ahead of Q2 FY27 (Jun 29, 2026); these sit alongside, but are not shown in this filing as connected to, the other-income jump. No management press release/MD&A commentary was available in the context to corroborate the drivers of the other-income line, which remains the key unresolved item for next quarter.
W1
Composition/recurrence of the ₹46.88 Cr other-income line — whether next quarter sustains a similar level or normalises toward the ~₹27-47 Cr range seen over the last four quarters
W2
Core print advertising revenue trend — management guided to yield-led 'continued strength'; watch whether YoY growth accelerates beyond this quarter's 7.8%
W3
Completion of the OTTplay wind-down and any residual radio-licence surrender or AFE asset monetisation, per management's stated intent to exit non-core assets opportunistically
Consolidated PBT/tax/PAT combine continuing operations (PBT ₹69.10 Cr, tax ₹13.47 Cr, PAT ₹55.63 Cr) with discontinued OTTplay operations (pre-tax loss ₹5.55 Cr, tax credit ₹1.09 Cr, net loss ₹4.46 Cr) to arrive at total PAT ₹51.17 Cr, matching the company's PR headline; Total income/Total expenses fields are continuing-operations-only per the statement, so they will not net exactly to the blended PBT. No exceptional items in the current or year-ago quarter (both nil); Q4 FY26 had ₹1.15 Cr continuing + ₹9.26 Cr discontinued exceptional losses. EPS is basic & diluted, continuing+discontinued. All figures converted from ₹ Lakhs.
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