HT Media Q3 Loss Widens to Rs 24 Cr Amid New Labour Code Provisions

• HT Media reported a consolidated net loss of Rs 23.70 crore in Q3 FY26, widening from Rs 3.24 crore in the previous fiscal's corresponding period.
• The increased loss is primarily due to exceptional items totaling Rs 40.35 crore, including a Rs 39.91 crore impact from new Labour Codes implementation.
• Revenue from operations grew by 1.4% to Rs 496.61 crore, with the Print segment showing resilience and growth in advertising and circulation.
• The Radio broadcast and entertainment segment saw a significant revenue decline of 34.08% to Rs 33.7 crore, facing market challenges.
• Digital business revenue surged by 29.6% to Rs 66.67 crore, demonstrating strong performance and improved margins.

Why It Matters: HT Media's Q3 loss widened due to new Labour Code provisions, despite operational growth in Print and Digital.