TV Today Network Q1 Results: Net Profit Rises 43% YoY, EBITDA Margin Improves
TV Today Network reported a 43% YoY rise in standalone net profit to ₹10.49 crore for Q1, with revenue from operations growing 5% to ₹206.22 crore. EBITDA margin improved sharply to 7.66% from 3.82% YoY, while consolidated net profit increased 40% to ₹10.26 crore, supported by strong segment performance and the ongoing wind-down of its radio broadcasting business.

*this image is generated using AI for illustrative purposes only.
T.V. Today Network Limited reported a 43% year-on-year increase in standalone net profit to ₹10.49 crore for the quarter ended June 30, 2026, driven by stronger performance in its core television and media operations. Revenue from operations grew 5% to ₹206.22 crore compared to ₹197.19 crore in the same period last year. EBITDA stood at ₹158M rupees, with the EBITDA margin expanding significantly to 7.66% from 3.82% in the same period last year, reflecting improved operational efficiency. The improvement in profitability was further aided by the absence of exceptional items in the current quarter.
The Board of Directors approved the unaudited financial results at a meeting held on August 05, 2026, pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by S.R. Batliboi & Associates LLP, the statutory auditors, who issued a limited review report confirming that the statements comply with Indian Accounting Standard 34 (Ind AS 34) and do not contain material misstatements.
Financial Performance
Standalone total income stood at ₹212.64 crore, up from ₹207.84 crore in Q1FY25. Other income declined significantly to ₹6.42 crore from ₹10.65 crore in the corresponding quarter last year. Total expenses decreased slightly to ₹198.59 crore from ₹197.75 crore, primarily due to lower production costs of ₹25.45 crore versus ₹22.64 crore, offset by stable employee benefits expense at ₹88.74 crore. The key standalone and consolidated financial metrics are summarised below:
| Metric: | Q1FY26 (₹ Cr) | Q1FY25 (₹ Cr) | Change |
|---|---|---|---|
| Revenue from Operations | 206.22 | 197.19 | +5% |
| Total Income | 212.64 | 207.84 | +2% |
| Total Expenses | 198.59 | 197.75 | -0.4% |
| EBITDA Margin | 7.66% | 3.82% | +384 bps |
| Net Profit (Standalone) | 10.49 | 7.32 | +43% |
| EPS (Basic) | ₹1.76 | ₹1.22 | +44% |
Consolidated net profit rose 40% to ₹10.26 crore from ₹7.35 crore in Q1FY25. Consolidated revenue remained flat at ₹206.22 crore, while other income dipped marginally to ₹6.44 crore. The consolidated profit before tax from continuing operations increased to ₹13.74 crore from ₹10.00 crore, reflecting better cost management in un-allocable expenses.
Segment and Operational Updates
The television and other media operations segment generated ₹206.22 crore in revenue, with segment results improving sharply to ₹13.19 crore from ₹3.00 crore in Q1FY25. This surge contributed directly to the overall profitability gain. Un-allocable income added ₹5.98 crore, partially offset by un-allocable expenses of ₹4.64 crore.
The company continues to wind down its radio broadcasting business, classified as discontinued operations. On November 25, 2025, T.V. Today Network entered into a binding Memorandum of Understanding with Abhijit Realtors and Infraventures Private Limited for the sale of its radio business for ₹10 crore. The transaction involves transferring the business to Vibgyor Broadcasting Private Limited, a wholly owned subsidiary, followed by the sale of Vibgyor's shares. Regulatory approvals from the Ministry of Information and Broadcasting and the Wireless Planning and Coordination Wing have been secured.
What the Numbers Show
The most significant driver of the quarterly profit growth was the normalization of exceptional items. In the previous quarter (Q4FY26), the company recorded an expense reversal of ₹2.72 crore due to a detailed assessment of the new Labour Codes notified by the Government of India. This adjustment reduced the incremental impact estimate from ₹12.18 crore to ₹9.46 crore. With no such exceptional adjustments in Q1FY26, the reported profit reflects pure operational performance, highlighting that the core media business is generating higher margins even as other income declines. The sharp rise in segment results from ₹3.00 crore to ₹13.19 crore, alongside the EBITDA margin expansion to 7.66%, underscores effective cost control and revenue mix optimization within the television division.
Historical Stock Returns for TV Today Network
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.80% | +0.54% | -8.58% | -4.03% | -23.43% | -60.15% |
How will the completion of the radio business sale for ₹10 crore impact T.V. Today's future capital allocation and debt reduction strategies?
Given the significant EBITDA margin expansion, what specific operational efficiencies or cost-cutting measures are expected to sustain this profitability in Q2FY26?
Will the decline in other income continue to pressure total income growth, and how does management plan to diversify revenue streams beyond core television operations?


































