Buy Hindustan Media; target of Rs 220: Angel Broking

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26 Aug, 2025 12:21

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Angel Broking`s research report on Hindustan Media Ventures“Hindustan Media Ventures (HMVL) reported healthy results for 2QFY2015, both on the top-line and bottom-line front. The top-line growth was healthy mainly due to decent growth in advertising and circulation revenues. On the operating front, the company’s performance was subdued; however, higher other income boosted profitability.” “HMVL registered a double-digit growth in advertising revenue, ie of 12% yoy to ~Rs142cr, on back of increase in yields and volume. Further, the company reported an ~11% yoy growth in circulation revenue to Rs49cr on back of higher circulation as well as realization per copy. Despite a poor operating performance, HMVL posted a growth of ~26% to Rs31cr on the earnings front for the quarter, owing to higher other income and lower taxes.” “Going forward, we believe that the company would perform well, both on the top-line and bottom-line fronts on back of strong recovery in the Indian economy. Further, the Management has also indicated that recovery has started in the retail and healthcare segments. Moreover, we expect strong growth in both advertising and circulation revenue due to the company’s strong presence in the states of Uttar Pradesh, Uttarakhand, Bihar and Jharkhand. Further, the company has a strong balance sheet which would make HT Media more capable for future expansion plans. Hence, we maintain our Buy on the stock with a target price of Rs220,” says Angel Broking research report.   

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