TV Today Network Limited has submitted to the Exchange, outcome of the Board meeting held on July 25, 2025.
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Awaiting price reaction for this filing.
TV Today Network's board approved standalone and consolidated unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at Rs. 197.19 crores, sharply down from Rs. 309.22 crores in Q1 FY25 — a decline of about 36%. Net profit fell steeply to Rs. 7.32 crores from Rs. 51.43 crores a year ago, with profit from continuing operations at Rs. 7.36 crores vs Rs. 54.35 crores. Profit before tax from continuing operations dropped to Rs. 10.09 crores vs Rs. 72.91 crores, indicating significant margin compression. Radio broadcasting results are shown separately as discontinued operations due to the proposed sale of FM radio stations. Separately, the board approved acquiring 100% of Romesh Films Pvt Ltd (which owns an immovable property near the company's Noida office) for Rs. 200 crores in cash. The deal structure changed from direct property purchase to acquiring the entity itself, making Romesh Films a wholly owned subsidiary. The company confirmed this is not a related party transaction and promoters have no interest in the target.
Q1 FY26 shows a steep year-on-year decline in both revenue and profitability, which is likely to weigh on near-term sentiment, though the Rs. 200 crore acquisition is a strategic move for operational consolidation and long-term expansion at the Noida corporate office.