New Delhi Television Ltd has entered into an Asset Purchase Agreement to acquire the business undertaking comprising the GoodTimes channel from Lifestyle & Media Broadcasting Limited. The seller is a joint venture of the company, making this a related-party transaction conducted on an arm's length basis based on a registered valuer's report.

The acquisition aims to strengthen the company's strategic positioning and expand its operational capabilities in lifestyle-focused broadcasting. The deal involves the transfer of all business authorizations, licenses, customer agreements, intellectual property rights, and goodwill associated with the channel.

Transaction details

The following table outlines the key parameters of the acquisition:

The total consideration is capped at ₹18 crore, structured as a mix of cash and television advertising inventory. The valuation is subject to adjustments as per the agreement terms. No separate legal entity is being acquired; instead, the company is purchasing the transferred assets on a going concern basis.

Regulatory path

The completion of the acquisition is contingent upon fulfilling closing conditions specified in the agreement. Key among these is obtaining requisite approval from the Ministry of Information and Broadcasting for the transfer of the television channel license. Other statutory approvals may also be required.

The company expects to complete the transaction within approximately three months. This move follows earlier disclosures made on July 17, 2026, regarding the planned acquisition.

New Delhi Television (NDTV) reported a consolidated net loss of ₹8,188 lakh for the quarter ended June 30, 2026, widening from a loss of ₹7,031 lakh in the corresponding quarter of the previous year. The media company’s revenue from operations rose to ₹11,723 lakh in Q1FY27, compared to ₹10,765 lakh in the same period last year, indicating some top-line recovery despite persistent profitability challenges. The results were approved by the Board of Directors on July 21, 2026, and published in newspapers on July 23, 2026.

On a standalone basis, the company posted a net loss of ₹7,647 lakh for the quarter, against a loss of ₹7,171 lakh in the preceding three months of the previous year. Standalone revenue from operations was ₹7,158 lakh, a notable increase from ₹5,424 lakh in the same period last year. The financial results were reviewed by the statutory auditors, M/s. S.N. Dhawan & Co LLP, Chartered Accountants.

Financial Performance Summary

The table below presents a comparative view of NDTV's consolidated and standalone financial performance across quarters.

Cost Structure and Earnings Per Share

Total expenses for the consolidated operations increased to ₹20,156 lakh in Q1FY27 from ₹18,267 lakh in the year-ago quarter. Key expense components included production expenses and cost of services at ₹5,431 lakh, employee benefits expense at ₹4,914 lakh, and marketing, distribution, and promotional expenses at ₹5,643 lakh. The company reported a basic and diluted earnings per share (EPS) of (₹7.24) on a consolidated basis for the quarter.

Board Approval and Restatement

The results have been prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that comparative financial information for the quarter ended June 30, 2025, and the year ended March 31, 2026, has been restated to reflect the amalgamation of NDTV Networks Limited, NDTV Worldwide Limited, NDTV Media Limited, and NDTV Labs Limited with New Delhi Television Limited, effective October 1, 2025. The amalgamation has been accounted for as a business combination under Ind AS 103.