Esha Media Research Posts FY26 Audited Results; Q4 Net Profit at ₹179.98 Lakhs
Esha Media Research Limited published its audited financial results for the quarter and year ended March 31, 2026, via newspaper publications on May 16, 2026, under Regulation 47 of SEBI (LODR) Regulations, 2015. The company reported total income from operations of ₹59.64 lakhs for Q4 FY26, with a net profit of ₹179.98 lakhs after exceptional items, and basic/diluted EPS of ₹2.31. The statutory auditors expressed a qualified audit opinion on the results.

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Esha Media Research Limited has published its audited financial results for the quarter and financial year ended March 31, 2026, following the Board of Directors' meeting held on May 14, 2026. The results were subsequently published in newspapers on May 16, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and were intimated to BSE Limited by Rakesh Kumar Mudgal, Additional Executive Director & CFO (DIN: 11624903). The publications appeared in Active Times (English) and Mumbai Lakshadeep (Marathi). The statutory auditors have expressed a qualified audit opinion on the financial results for the quarter and the audited financial results for the year ended March 31, 2026.
Board Meeting and Regulatory Filing Details
The board meeting and regulatory filing details are summarised below:
| Parameter: | Details |
|---|---|
| Meeting Number: | 02/2026-27 |
| Meeting Date: | Thursday, May 14, 2026 |
| Publication Date: | May 16, 2026 |
| Regulatory Compliance: | Regulation 47, SEBI (LODR) Regulations, 2015 |
| Newspapers Published: | Active Times (English), Mumbai Lakshadeep (Marathi) |
| Signed By: | Rakesh Kumar Mudgal, Additional Executive Director & CFO (DIN: 11624903) |
Audited Financial Results: Quarter and Year Ended March 31, 2026
The following table presents the extract of standalone audited financial results for Esha Media Research Limited for the quarter and financial year ended March 31, 2026, filed under Regulation 33 of the SEBI (LODR) Regulations, 2015. All figures are in Rs. Lakhs.
| Sr. No. | Particulars: | Quarter Ended 31.03.2026 (Unaudited) | Quarter Ended 31.12.2025 (Unaudited) | Quarter Ended 31.03.2025 (Unaudited) | Year Ended 31.03.2024 (Audited) |
|---|---|---|---|---|---|
| 1 | Total Income from Operations (net) | 59.64 | 50.91 | 41.97 | 234.38 |
| 2 | Net Profit/(Loss) from Ordinary Activities after Tax (before Exceptional Items) | (225.83) | (58.13) | (85.67) | (358.18) |
| 3 | Net Profit/(Loss) for the Period after Tax (after Exceptional Items) | 179.98 | (58.13) | (85.67) | 47.63 |
| 4 | Equity Share Capital | 780.69 | 780.69 | 780.69 | 780.69 |
| 5 | Reserves (excl. Revaluation Reserve) | - | - | - | - |
| 6 | EPS (before Extraordinary Items) – Basic (₹10/- each, Not Annualised) | 2.31 | (0.74) | (0.54) | 0.62 |
| 7 | EPS (before Extraordinary Items) – Diluted (₹10/- each, Not Annualised) | 2.31 | (0.74) | (0.54) | 0.62 |
| 8 | EPS (after Extraordinary Items) – Basic (₹10/- each, Not Annualised) | 2.31 | (0.74) | (0.54) | 0.62 |
| 9 | EPS (after Extraordinary Items) – Diluted (₹10/- each, Not Annualised) | 2.31 | (0.74) | (0.54) | 0.62 |
Key Financial Highlights
For the quarter ended March 31, 2026, Esha Media Research Limited reported total income from operations of ₹59.64 lakhs, compared to ₹50.91 lakhs in the preceding quarter ended December 31, 2025, and ₹41.97 lakhs in the corresponding quarter of the previous year. The net loss from ordinary activities after tax (before exceptional items) stood at ₹(225.83) lakhs for the quarter ended March 31, 2026, widening from a loss of ₹(58.13) lakhs in the preceding quarter. However, after accounting for exceptional items, the company reported a net profit of ₹179.98 lakhs for the quarter ended March 31, 2026, compared to a net loss of ₹(85.67) lakhs in the corresponding quarter of the prior year. For the year ended March 31, 2024, the company had reported total income from operations of ₹234.38 lakhs and a net profit after exceptional items of ₹47.63 lakhs.
Equity share capital remained unchanged at ₹780.69 lakhs across all reported periods. Basic and diluted earnings per share (of ₹10/- each, not annualised) stood at ₹2.31 for the quarter ended March 31, 2026, after exceptional items, compared to ₹(0.74) in the preceding quarter and ₹(0.54) in the corresponding quarter of the prior year. The full format of the financial results is available on the BSE website ( www.bseindia.com ) and on the company's website ( www.eshamedia.com ).
What specific issues led to the qualified audit opinion, and how might they impact investor confidence and the company's ability to raise future capital?
What were the exceptional items that converted a ₹225.83 lakh operating loss into a ₹179.98 lakh net profit in Q4 FY2026, and are they likely to recur in future quarters?
Given the persistent operational losses across multiple quarters, what strategic initiatives is Esha Media Research planning to achieve sustainable profitability in FY2027?

































