Raj Television turns profitable in FY26 with ₹79.12 crore net profit
- Raj Television Network posted a net profit of ₹79.12 crore in FY26, turning around from a ₹210.13 crore loss
- Revenue declined 44% YoY to ₹700.45 crore amid industry headwinds
- EBITDA improved to ₹41.12 crore from a negative ₹197.13 crore
- Total debt reduced to ₹205.92 crore, improving debt-equity ratio to 0.37
- 32nd AGM scheduled for September 30, 2026, to approve financials

*this image is generated using AI for illustrative purposes only.
Raj Television Network returned to profitability in FY26, reporting a net profit after tax (PAT) of ₹79.12 crore, a significant turnaround from a loss of ₹210.13 crore in the previous year. The company scheduled its 32nd Annual General Meeting for September 30, 2026, to approve these financial results and key board resolutions.
The return to profit was driven by disciplined cost management rather than top-line growth. Total revenue declined 44% year-on-year to ₹700.45 crore from ₹1,258.21 crore in FY25. Despite the revenue contraction, operating efficiency improved markedly, with EBITDA rising to ₹41.12 crore from a negative ₹197.13 crore in the prior period.
Financial Performance
The company’s focus on reducing expenditures helped stabilize its bottom line. Operating expenses were cut significantly, contributing to a positive EBITDA margin of 5.87%. Finance costs also decreased to ₹27.52 crore from ₹37.83 crore as long-term borrowings were reduced.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue | ₹700.45 crore | ₹1,258.21 crore | -44.2% |
| Net Profit | ₹79.12 crore | -₹210.13 crore | Turnaround |
| EBITDA | ₹41.12 crore | -₹197.13 crore | Improved |
| Total Debt | ₹205.92 crore | ₹261.02 crore | Reduced |
Debt levels saw a notable reduction, with total borrowings falling to ₹205.92 crore as on March 31, 2026, compared to ₹261.02 crore a year earlier. Long-term debt specifically dropped by nearly 40% to ₹78.00 crore. This deleveraging effort improved the debt-equity ratio to 0.37 from 0.53.
AGM Details
Shareholders will vote on several special resolutions at the upcoming AGM. Key items include:
- Re-appointment of Mrs. Bharathi Sridhar as an Independent Director for a second five-year term.
- Ratification of remuneration for Cost Auditors M/s. S V M & Associates for FY27.
- Adoption of the audited financial statements for FY26.
The meeting will be held via Video Conference or Other Audio Visual Means, with the deemed venue at the registered office in Chennai. Shareholders holding shares as of September 23, 2026, are eligible to vote. The notice of the AGM and the annual report for FY25-26 are available on the company’s website and the CDSL e-voting portal.
What the Numbers Show
The divergence between revenue decline and profit recovery highlights a strategic shift towards operational discipline. While broadcasting income fell sharply, likely due to broader industry headwinds affecting linear TV advertising, the company successfully contained costs. The reduction in administrative and other expenses, alongside lower finance costs due to debt repayment, allowed Raj Television to generate positive cash flows from operations of ₹75.31 crore, up from an outflow of ₹51.69 crore in FY25. This suggests that while top-line growth remains challenged, the business model is stabilizing through rigorous expense control.
Historical Stock Returns for Raj TV Network
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.23% | +27.91% | +7.84% | -70.47% | -73.18% | 0.0% |
How sustainable is the current profit margin given the 44% revenue decline, and what are the limits to further cost-cutting measures?
What specific strategies is Raj Television Network pursuing to reverse the top-line contraction in linear TV advertising amidst broader industry headwinds?
Will the improved debt-equity ratio of 0.37 enable the company to pursue strategic acquisitions or digital transformation investments in FY27?


































