New Delhi Television (NDTV) announced its financial results for the third quarter of fiscal year 2026, revealing mixed performance with revenue growth offset by increased losses. The media company's Board of Directors approved the quarterly results at a meeting held on January 28, 2026.

Financial Performance Overview

The company reported significant financial challenges during Q3FY26, with consolidated net losses widening compared to the previous year. On a standalone basis, NDTV posted a net loss of ₹8,007 lakhs for the quarter ended December 31, 2025, compared to ₹5,964 lakhs in the corresponding quarter of the previous year.

Revenue Growth Amid Rising Costs

Despite the increased losses, NDTV demonstrated positive revenue momentum with consolidated revenue from operations growing to ₹15,041 lakhs in Q3FY26 from ₹13,274 lakhs in Q3FY25. However, this growth was overshadowed by a substantial increase in total expenses, which rose to ₹22,698 lakhs from ₹18,772 lakhs in the previous year.

The expense breakdown reveals significant increases across multiple categories, with marketing, distribution and promotional expenses rising to ₹6,526 lakhs from ₹5,905 lakhs, and production expenses increasing to ₹7,190 lakhs from ₹5,487 lakhs in the corresponding quarter.

Rights Issue and Capital Enhancement

A major development during the quarter was the successful completion of a rights issue, which strengthened the company's financial position. The rights issue details are as follows:

Following the rights issue, the company's paid-up equity share capital increased from ₹25,78,85,068 to ₹45,12,98,868, representing an increase from 6,44,71,267 equity shares to 11,28,24,717 equity shares of ₹4 each.

Board Decisions and Corporate Developments

The Board of Directors approved several key appointments and strategic decisions during the meeting:

• Re-appointment of Mr. Sanjay Pugalia as Whole-time Director for three years from April 1, 2026, to March 31, 2029, subject to shareholder approval • Re-appointment of M/s Sanjay Gupta & Associates as Cost Auditors for the financial year 2026-27 • Binding Term Sheet with Lifestyle & Media Broadcasting Limited for acquiring the "GoodTimes" Channel and associated intellectual property rights

Nine-Month Performance

For the nine months ended December 31, 2025, NDTV's consolidated performance showed:

Outlook and Strategic Initiatives

The proceeds from the rights issue are being utilized for expansion initiatives, brand building and marketing activities, debt reduction, and general corporate purposes. The company has also entered into strategic partnerships, including the acquisition agreement for the GoodTimes Channel, which is subject to regulatory approvals from the Ministry of Information and Broadcasting.

NDTV continues to focus on its core television media business while managing various regulatory and legal matters that remain under consideration by different authorities.

New Delhi Television Limited has announced the voluntary surrender of Ministry of Information & Broadcasting (MIB) permission for three proposed High Definition news channels. The company communicated this decision to BSE Limited and National Stock Exchange of India Limited on January 21, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Channel Permission Details

The company had received permission from the Ministry of Information & Broadcasting, Government of India, on March 28, 2024, for the uplinking and downlinking of three News and Current Affairs TV Channels in High Definition format.

Strategic Decision

Based on an internal strategic assessment, New Delhi Television Limited decided not to proceed with the launch of the proposed HD channels. The company evaluated its business priorities and concluded that these channels would not align with its current strategic direction.

Business Impact Assessment

The company has clarified that the surrender of permission will not have any material impact on its operations or financial position. Key factors supporting this assessment include:

• The proposed channels were non-operational at the time of surrender
• No investments had been made in channel infrastructure or content development
• The decision was made before any operational commitments were undertaken

Regulatory Compliance

The intimation was signed by Parinita Bhutani Duggal, Company Secretary and Compliance Officer, ensuring proper regulatory disclosure. The company has requested both stock exchanges to take this information on record as part of its ongoing compliance obligations under SEBI regulations.

This development reflects New Delhi Television Limited's approach to strategic planning and resource allocation, focusing on core business areas rather than expanding into additional channel offerings that may not provide optimal returns on investment.