HT Media : Un-audited Financial Results (Q1' FY- 24)

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HT MEDIA LIMITED

Regd. Office : Hindustan Times House 18-20, Kasturba Gandhi Marg

New Delhi - 110001

Tel.: [phone] Fax: [phone] www.hind ustantimes.com

E-mail . [e-mail] CIN: L22121DL2002PLC1 t 7874

			28	July, 2023
	BSE Limited	National Stock Exchange oflndia Limited
Phiroze Jeejeebhoy Towers	Exchange Plaza, 5 Floor,
Dalal Street	Plot No. C-1, Block G,
Mumbai - 400 001	Bandra-Kurla Complex, Bandra (E)
			Mumbai - 400 051
Scrip Code: 532662 (Equity)
Trading Symbol: HTMEDlA
Scrip Code: 973701 (Debt)
Subject: Outcome ofthe Board Meeting held on 28		July, 2023
Dear Sir(s),
This is to inform that the Board ofDirectors ofthe Company at its meeting held today, i.e. 28	July, 2023,

(which commenced at 12:00 p.m. and concluded at 01:58 p.m.) has, inter-alia, transacted the following business:

I. Approved and taken on record the Un- Audited Financial Results (Standalone and Consolidated)

('UFRs') ofthe Company for the quarter ended on 30 June, 2023, pursuant to Regulation 33 and 52 ofSEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"); (enclosed herewith)

2. Taken on record the Limited Review Report ofB S R and Associates, Chartered Accountants (Statutory Auditors) on the above UFRs. (enclosed herewith)

This information is also being uploaded on the website ofthe Company i.e. https://www.htmedia.in/

You are hereby requested to take the above information on record.

Thanking you,

�Y B
Yours faithfully,		�oA l.��,.A
For HT Media Limited	J...		�
1:anhar Kapoor)	:D�'-i

oup General Counsel and Company Secretary

Encl.: As above

B S R and Associates

Chartered Accountants

Building No. 10, 12th Floor, Tower-C,

DLF Cyber City, Phase - II,

Gurugram - 122 002, India

Tel: [phone]

Fax: [phone]

Limited Review Report on unaudited consolidated financial results of HT Media Limited for the quarter ended 30 June 2023 pursuant to Regulation 33 and Regulation 52(4) read with Regulation 63 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021

To the Board of Directors of HT Media Limited

1. We have reviewed the accompanying Statement of unaudited consolidated financial results of HT Media Limited (hereinafter referred to as "the Parent"), and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") and its share of the net loss after tax and total comprehensive loss of its joint venture for the quarter ended 30 June 2023 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"), as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021.
2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021. Our responsibility is to express a conclusion on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
   We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.
4. The Statement includes the results of the following entities. i. Parent Company :
5. 
   a. HT Media Limited (HTML)

1. Subsidiaries :
2. 1. Hindustan Media Ventures Limited (HMVL)
   2. HT Music and Entertainment Company Limited (HT Music)

Principal Office:

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center,

Western Express Highway, Goregaon (East), Mumbai - 400063

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B S R and Associates

Limited Review Report (Continued)

HT Media Limited

1. 1. HT Mobile Solutions Limited (HTMSL)
   2. HT Overseas Pte. Limited (HT Overseas)
   3. Next Mediaworks Limited (NMW)
   4. Next Radio Limited (NRL)
   5. HT Noida (Company) Limited
   6. Mosaic Media Ventures Private Limited iii. Joint Venture:

   1. HT Content Studio LLP
2. Attention is drawn to the fact that the figures for the three months ended 31 March 2023 as reported in the Statement are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.
3. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, as prescribed in Securities and Exchange Board of India operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021, including the manner in which it is to be disclosed, or that it contains any material misstatement.
4. We did not review the interim financial results of HT Media employee welfare trust included in the unaudited standalone interim financial results of the parent entity, whose results reflect total revenues (before consolidation adjustments) of Rs. NIL, total net profit after tax (before consolidation adjustments) of Rs. NIL and total comprehensive loss (before consolidation adjustments) of Rs. NIL, for the quarter ended 30 June 2023, as considered in the respective unaudited standalone interim financial results of the parent entity. The interim financial results of this Trust has been reviewed by the other auditor whose report has been furnished to us by management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of this Trust, is based solely on the report of such other auditor and the procedures performed by us as stated in paragraph 3 above.
   We did not review the interim financial results of two Subsidiaries included in the Statement, whose interim financial results reflects total revenues (before consolidation adjustments) of Rs. 800 lakhs, total net profit after tax (before consolidation adjustments) of Rs. 195 lakhs and total comprehensive income (before consolidation adjustments) of Rs. 172 lakhs, for the quarter ended 30 June 2023, as considered in the Statement. These interim financial results have been reviewed by other auditors whose reports have been furnished to us by the Parent's management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.
   One subsidiary is located outside India whose interim financial results have been prepared in accordance with accounting principles generally accepted in IFRS , and which have been reviewed by other auditor under generally accepted auditing standards applicable in IFRS ,. The Parent's management has converted the interim financial results of such subsidiary located outside India from accounting principles generally accepted in IFRS , to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Parent's management. Our conclusion in so far as it relates to the balances and affairs of such subsidiary located outside India is based on the report of other auditor and the conversion adjustments prepared by the management of the Parent and reviewed by us.

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B S R and Associates

Limited Review Report (Continued)

HT Media Limited

Our conclusion is not modified in respect of this matter.

For B S R and Associates

Chartered Accountants

Firm's Registration No.:128901W

	David Jones
	Partner
Gurugram	Membership No.: 098113
28 July 2023	UDIN:23098113BGYZXT5930

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