Hindustan Media Ventures Reports Strong Growth in Q2 FY2027

Revenue from operations reached Rs 196.58 crore, while Profit After Tax (PAT) climbed to Rs 55.51 crore.

Reader Takeaway: Revenue and profit both climbed year-on-year, though investors should track the drag from discontinued OTTplay business operations.

What just happened

Hindustan Media Ventures Limited (HMVL) posted its financial results for the quarter ended September 30, 2026. The company reported a significant increase in its bottom line, with PAT from continuing operations rising to Rs 55.51 crore against Rs 34.05 crore in the same period last year. Revenue also saw a healthy uptick to Rs 196.58 crore compared to Rs 176.23 crore in the corresponding previous quarter.

Strategic Investments

The Board has approved fresh capital deployment totaling Rs 88.40 crore across three distinct ventures. This includes up to Rs 50 crore in Matter Motor Works (EV two-wheelers), Rs 13.51 crore in Karnodakshayi Insurance, and approximately Rs 24.89 crore (USD 2.62 Mn) in 1 Play Global Pte. Ltd. These investments are slated for completion by March 2027 as part of a pivot toward diversification.

Why this matters

While the core media business is showing robust profitability, the company is actively distancing itself from legacy or loss-making segments. The firm recorded a loss of Rs 3.47 crore from discontinued operations, primarily tied to the winding down of its OTTplay business. Management's ability to successfully integrate these new-age sector investments will be critical for long-term shareholder value.

Risks to watch

Investors should monitor the cash flow impact of these new investments. As of September 30, 2026, the company held Rs 4.36 crore in cash and cash equivalents against a bank overdraft of Rs 10.58 crore. Additionally, the ongoing impact of discontinued operations on overall earnings remains a lingering point to track.