TV Today Network Limited has informed the Exchange regarding 'Approval of Investment of INR 50 Lakh in Mail Today Newspapers Private Limited, a wholly-owned subsidiary of the Company, by way of subscription to its Rights Issue.'.
TVTODAY · price
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TV Today Network Limited reported FY2026 standalone revenue of Rs 808.70 crores, down 18.5% from Rs 993.02 crores in FY2025. Profit after tax declined significantly to Rs 13.74 crores from Rs 74.83 crores in the previous year, a fall of about 82%. The company recognized Rs 9.46 crores in exceptional items primarily due to adjustments for new labour codes. The Board also approved investing Rs 50 lakh in Mail Today Newspapers Private Limited, a wholly-owned subsidiary, through subscription to its Rights Issue. The auditor issued an unmodified (clean) opinion. The company continues to work on selling its FM Radio Broadcasting business, which is classified as discontinued operations with an impairment loss of Rs 9.63 crores recognized.
Revenue and profit have declined substantially year-on-year, which may concern investors. However, the clean audit opinion and continued investment in subsidiaries signal management confidence. The stock may face pressure due to the significant profit decline.