TV Today Network Reports Sharp Decline in Q1 Financial Performance
TV Today Network's Q1 results show significant declines across key financial metrics. Net profit dropped 85.60% year-over-year to ₹7.40 crore. Revenue decreased by 36.45% to ₹197.00 crore. EBITDA fell by 89.53% to ₹7.50 crore, with EBITDA margin compressing from 23.10% to 3.81%.
25Jul 25
TV Today Network Expands Portfolio with ₹200 Crore Acquisition of Romesh Films
TV Today Network's Board has approved the acquisition of Romesh Films Private Limited for ₹200 crore. The deal involves purchasing 100% ownership (4,65,010 equity shares) of Romesh Films, primarily for its immovable property near TV Today's Noida office. The acquisition aims to facilitate operational convenience and long-term expansion. Romesh Films, currently inactive in business operations, reported nil turnover, ₹2.82 crore profit after tax, and ₹5.93 crore net worth. The transaction is expected to complete within 90 days, with cash payment potentially in multiple tranches. TV Today Network recently reported ₹197.19 crore revenue from operations and ₹7.35 crore net profit.
25Jul 25
T.V. Today Network Reports 86% Drop in Q1 Profit, Approves Rs 200 Crore Acquisition
T.V. Today Network's Q1 net profit dropped 86% to Rs 7.32 crore, with revenue falling 36% to Rs 197.19 crore. The company approved acquisition of Romesh Films for Rs 200 crore, gaining property near its Noida office. It also plans to sell its FM radio operations for Rs 20 crore. The television segment reported revenue of Rs 197.19 crore with a profit before tax of Rs 3.08 crore.
25Jul 25
TV Today Network Reports Sharp Decline in Q1 Financial Performance
TV Today Network experienced a major decline in its Q1 FY financial performance. Revenue from operations fell 36.2% to ₹197.19 crore. EBITDA dropped 89.5% to ₹7.5 crore, with EBITDA margin compressing to 3.81%. Consolidated net profit decreased 85.6% to ₹7.4 crore. The television segment's profit before tax declined to ₹10.09 crore. The company is divesting its FM Radio Broadcasting operations for ₹20 crore.
08Jul 25
TV Today Network Sets Date for Q1 Results Review
TV Today Network has scheduled a board meeting on July 25 to review and analyze its financial results for the first quarter of the current fiscal year. The meeting will provide insights into the company's operational and financial performance for Q1. Investors and market analysts are anticipating the results to gauge the company's strategies and effectiveness in the current media landscape.
15Apr 25
TV Today Network to Acquire Prime Real Estate in Noida for ₹200 Crore
TV Today Network Limited has approved the purchase of an 8,050 square meter plot with existing buildings in Noida for ₹200 crore, excluding additional costs. The property, bought from Romesh Films Pvt. Ltd., is subject to due diligence and necessary approvals. This acquisition signifies the company's expansion in a key media hub near New Delhi.
26Mar 25
TV Today Network Invests ₹94 Crore in Vibgyor Broadcasting, Eyeing Radio Business Expansion
TV Today Network has approved a ₹94 crore investment in its wholly-owned subsidiary, Vibgyor Broadcasting Private Limited, through a rights issue of 94,00,000 shares. This strategic move aims to meet net worth requirements for Vibgyor to acquire TV Today's Radio Business, which includes three FM stations in Mumbai, Delhi, and Kolkata. The investment is expected to strengthen Vibgyor's position in the radio broadcasting sector and consolidate TV Today's radio operations.
25Feb 25
TV Today Network to Sell FM Radio Business for ₹20 Crore
TV Today Network Limited is selling its FM radio broadcasting operations to Creative Channel Advertising and Marketing Pvt. Ltd. for ₹20 crore plus taxes. The sale includes three FM radio stations in Mumbai, Delhi, and Kolkata operating at 104.8 FM. The deal is expected to complete by January 31, 2026, subject to regulatory approvals. TV Today's radio business contributed 1.70% of total turnover in FY 2023-24 and was operating at a loss. The company cites industry dynamics and evolution of FM Radio Broadcasting as reasons for the sale.