HT Media is engaged into the business of providing entertainment, radio broadcast and all other related activities through its Radio Stations operating under brand name Fever 104, Fever and Radio Nasha.
| About the Company |
Hindustan Times Ltd (HTL), a KK Birla group company, held 69.5% stake in HTML as on September 30, 2019. HTL demerged its print media business into HTML in July 2003. HT, the leading English daily in Delhi that was inaugurated by Mahatma Gandhi in 1924, is HTML's flagship product. Other publications include Hindustan and Mint; a women's Hindi magazine, Kadambini; and a children's magazine, Nandan. HTML has presence in the FM radio space through Fever 104 FM, Radio Nasha and Radio One; and has internet portals such as shine.com.
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HT is the third-largest English daily in India, with a circulation of about 9 lakh copies during January-June 2019, as per circulation audit by Audit Bureau of Circulation (ABC). Hindustan is also the fourth-largest circulated Hindi daily, with circulation of around 19 lakh copies for the same period, as per ABC data.
According to the Indian Readership Survey (IRS) Q2 2019, Hindustan is the second most read newspaper among Hindi dailies, while HT is the second most read English daily. HT's strong market position in NCR and Hindustan's leadership position in UP, Bihar and Jharkhand, should continue to support overall business risk profile.
* Strong financial flexibility
Capital structure draws support from the sizeable liquid surplus of Rs 2,280 crore as on September 30, 2019, which comfortably exceeded total debt of Rs 1,120 crore. Gearing was healthy at 0.45 time as on March 31, 2019, and is expected to remain stable over medium term. Debt protection metrics for fiscal 2020 are expected to improve moderately in line with mild recovery in profitability, with interest coverage expected at rise to more than 4 times for fiscal 2020 from 2.83 times in fiscal 2019.
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