The call ran from 2:30 PM to 2:56 PM IST (26 min).

Key takeaways

Q2 FY27 consolidated revenue ₹502 Cr (+5%), EBITDA ₹88 Cr (+26%), margin 17% vs 15%, PAT ₹39 Cr. Print growth was offset by newsprint costs; Radio and Digital revenues fell sharply.

Highlights
Revenue growth	Consolidated revenue +5% YoY to ₹502 Cr; Print-led, Radio, Digital down.
Margins	EBITDA margin 17% vs 15%; Print EBITDA down 6% on newsprint.
Demand visibility	Ad volumes gained; festive revenue shifted 20 days into Q3.
Management confidence	Balanced; guarded on margins, capital allocation and Radio economics.

Growth

Print operating revenue +8% (English +5%, Hindi +11%), driven by ad volume and DAVP-led pricing; circulation flat at ₹54 Cr.

Outlook

No numeric guidance given; newsprint 'topped out' is unquantified; Radio upside awaits fee reform.

Risks

Newsprint and rupee pressure on margins; Radio fee reform unresolved; unallocated loss ₹12.37 Cr; capital allocation undisclosed.

Last quarter's promises, checked

Partly delivered

Guided newsprint to peak and plateau → 'topped out', unquantified (= PARTIAL)
Guided 30–50% debt retirement from preferential issue → not disclosed this quarter, unverified (= PARTIAL)

Missed

Guided Print EBITDA margin ~13% as model baseline if newsprint stayed flat → Print EBITDA −6%, newsprint pressure cited (= MISS)

Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published 13 Nov 2026, 7:14 PM IST. Open it on ALFA Filings ›