NDTV Files FY26 Annual Report; 38th AGM Scheduled for June 26, 2026
New Delhi Television Limited has filed its FY 2025-26 Annual Report and scheduled its 38th AGM for June 26, 2026 via video conferencing. The company reported consolidated revenue of ₹528.29 crore, up 13.60% YoY, and standalone revenue from operations of ₹3,408.86 million, up 21%. A Rights Issue raised ₹396.50 crore at ₹82 per share, oversubscribed 1.11 times, with proceeds used for debt repayment, strategic initiatives, and general corporate purposes. Key developments include the amalgamation of four wholly-owned subsidiaries effective October 1, 2025, appointment of Rahul Kanwal as CEO, and the launch of the NDTV Good Times events vertical.

*this image is generated using AI for illustrative purposes only.
New Delhi Television Limited has submitted its Annual Report for the financial year 2025-26 to the stock exchanges pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the Notice of its 38th Annual General Meeting (AGM). The AGM is scheduled for Friday, June 26, 2026 at 12:00 PM (IST) through Video Conferencing / Other Audio Visual Means, in accordance with applicable MCA and SEBI circulars. The cut-off date for determining shareholder eligibility for e-voting has been fixed as June 19, 2026. Parinita Bhutani Duggal, Company Secretary and Compliance Officer, signed the communication to the exchanges on May 29, 2026.
Financial Performance
The company reported its audited financial results for FY 2025-26. On a standalone basis, revenue from operations increased 21% to ₹3,408.86 million from ₹2,806.53 million in the previous year. Total expenses rose 29% to ₹6,586.54 million. The standalone net loss for the year stood at ₹3,105.91 million. On a consolidated basis, the group recorded strong top-line growth, with key financial highlights presented below:
| Metric: | FY 2025-26 | FY 2024-25 | Change |
|---|---|---|---|
| Consolidated Revenue: | ₹528.29 crore | — | +13.60% (Y-o-Y) |
| Standalone Revenue from Operations: | ₹3,408.86 million | ₹2,806.53 million | +21% |
| Standalone Total Expenses: | ₹6,586.54 million | ₹5,102.57 million | +29% |
| Standalone Net Loss: | ₹3,105.91 million | ₹2,221.44 million | — |
| Consolidated Revenue from Operations: | ₹5,282.88 million | ₹4,650.31 million | — |
| Consolidated Net Loss: | ₹3,231.62 million | ₹2,180.23 million | — |
| Basic EPS (Standalone): | ₹(35.49) | ₹(34.46) | — |
| Basic EPS (Consolidated): | ₹(36.86) | ₹(33.52) | — |
The Board has decided not to recommend any dividend for FY 2025-26. The closing balance of retained earnings stood at ₹(9,835.29) million.
Rights Issue and Capital Structure
During the year, NDTV successfully completed a Rights Issue, raising ₹396.50 crore at ₹82 per share (entitlement ratio of 3:4). The issue was oversubscribed 1.11 times. Proceeds were deployed as follows:
| Utilisation: | Amount |
|---|---|
| Debt Repayment: | ₹229 crore |
| Strategic Initiatives (distribution, marketing, IP development): | ₹71 crore |
| General Corporate Purposes: | ₹96.50 crore |
Consequent to the allotment of 4,83,53,450 equity shares, the paid-up share capital increased from ₹257.89 million to ₹451.30 million. The debt reduction lowered annual interest costs from over ₹21 crore to under ₹2 crore. Promoter shareholding increased from 64.71% to 69.02%, with public shareholding at 30.98%.
Operational and Broadcast Highlights
The company delivered strong editorial and audience performance across its channel portfolio during FY 2025-26:
| Channel: | Key Performance Metric |
|---|---|
| NDTV 24x7: | No. 1 English news channel with 33.40% share among affluent viewers; highest-ever BARC viewership |
| NDTV India: | Highest-ever market share of 6%; ranked No. 2 on Bihar election counting day |
| NDTV Profit: | 51% market share; ranked No. 1 in the business news genre |
| NDTV Rajasthan: | 24% market share; among Top 3 channels in the genre |
| NDTV MPCG: | 15% market share; ranked among top 4 in the genre |
| NDTV Marathi: | Ranked 6th within one year of launch; more than 51 million viewers |
NDTV's digital ecosystem continued to scale, with 45 million lifetime YouTube subscribers across all NDTV Group channels, 102 million combined followers across social media platforms, and 40 billion video views across online platforms. NDTV.com recorded 508 million unique visitors (Source: Google Analytics), while NDTV India's website recorded 234 million unique visitors.
Strategic Developments
During the year, the Board approved the Scheme of Amalgamation of four wholly-owned subsidiaries — NDTV Media Limited, NDTV Networks Limited, NDTV Labs Limited, and NDTV Worldwide Limited — with the company. The scheme became effective from October 1, 2025, following sanction by the Regional Director, Northern Region, Delhi. The amalgamation was undertaken to achieve operational synergies and administrative efficiencies.
The Board also approved the acquisition of the business undertaking comprising the "GoodTimes" Channel from Lifestyle & Media Broadcasting Limited by way of slump sale, for a consideration of up to ₹18 crore on a cash-free, debt-free basis. The acquisition is subject to receipt of requisite regulatory approvals from the Ministry of Information and Broadcasting.
The company also launched a new events vertical under the brand 'NDTV Good Times', extending its presence into live cultural experiences, concerts, and large-scale public events. Notable events included the NDTV World Summit (October 17-18, 2025), Harmony of Hearts featuring A.R. Rahman, and Srinagar's first-ever large-scale concert on the banks of Dal Lake.
Key Managerial Changes
During the year, Mr. Rahul Kanwal was appointed as Chief Executive Officer with effect from May 26, 2025. Mr. Akhil Kumar Gupta was appointed as Chief Financial Officer effective December 1, 2025, following the cessation of Mr. Anup Dutta as CFO on November 30, 2025. Mr. Sanjay Pugalia was re-appointed as Whole-time Director for a further term of three years with effect from April 1, 2026.
AGM Business and Governance
The AGM will transact ordinary business including adoption of audited standalone and consolidated financial statements for FY 2025-26, and the re-appointment of Mr. Senthil Chengalvarayan (DIN: 02330757) as a Director retiring by rotation. Special business includes ratification of remuneration of ₹2,50,000 payable to M/s. Sanjay Gupta & Associates, Cost Accountants, for FY 2026-27. Remote e-voting will be open from June 23, 2026 (9:30 AM) to June 25, 2026 (5:00 PM). M/s. Vishal Arora & Associates has been appointed as Scrutinizer for the e-voting process.
The Annual Report and AGM Notice are available on the company's website at www.ndtv.com and on the BSE and NSE portals.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE155G01029/488bc3028c86422f.pdf
Historical Stock Returns for New Delhi Television (NDTV)
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.17% | +8.58% | +2.57% | -2.53% | -34.22% | +28.70% |
How will the reduction in annual interest costs following the Rights Issue impact the company's path to profitability in FY 2026-27?
What specific revenue synergies does NDTV expect to realize from the amalgamation of its four subsidiaries and the acquisition of the 'GoodTimes' channel?
With the new leadership team in place, what strategic shifts or operational changes are anticipated to address the widening consolidated net loss?


































