TV Today Network net profit rises 43% YoY in Q1FY26 on margin gains
T.V. Today Network Limited posted a 43% increase in standalone net profit to ₹10.49 crore for Q1FY26, aided by a near-doubling of EBITDA margins to 7.66%. Revenue rose 5% to ₹206.22 crore while expenses remained controlled. The company continues to divest its radio business.

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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 (Q1FY26), driven by significant improvements in operational efficiency and margin expansion. Revenue from operations grew 5% to ₹206.22 crore from ₹197.19 crore in the corresponding period last year. The company’s EBITDA margin nearly doubled to 7.66% from 3.82%, reflecting effective cost management within its core television and media operations. This profitability surge positions the media firm favorably as it continues to wind down its non-core radio broadcasting business.
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 compliance with Indian Accounting Standard 34 (Ind AS 34). The un-audited financial results were published in Financial Express and Jansatta newspapers on August 06, 2026, in accordance with Regulation 47 of the SEBI LODR Regulations.
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 previous year’s quarter. 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 |
|---|---|---|---|---|---|
| +1.89% | -1.10% | -1.56% | -8.71% | -23.03% | 0.0% |
How will the completion of the radio business sale impact T.V. Today's consolidated revenue structure and future capital allocation strategies?
What specific operational efficiencies or cost-cutting measures contributed to the EBITDA margin doubling, and are these gains sustainable in Q2FY26?
Given the decline in other income, what new revenue streams or digital transformation initiatives is the company pursuing to offset this trend?


































