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Sea TV Network Q2 FY27 results: net loss of ₹0.71 crore vs ₹0.41 crore profit, revenue down 38.4%
Sea TV Network Ltd reported consolidated revenue of ₹1.17 crore in Q2 FY27, down from ₹1.90 crore in Q2 FY26 and ₹2.41 crore in Q1 FY27. The company reported a net loss of ₹0.71 crore and an EBITDA margin of -100.9% for the quarter, while the first half ended with a net loss of ₹1.15 crore.
Key points
- Consolidated Q2 FY27 revenue was ₹1.17 crore, down 38.4% from ₹1.90 crore in Q2 FY26 and down 51.5% from ₹2.41 crore in Q1 FY27.
- Q2 FY27 EBITDA was ₹1.18 crore, with an EBITDA margin of -100.9%, compared with a margin of -34.8% in Q2 FY26.
- Sea TV Network reported a net loss of ₹0.71 crore in Q2 FY27, compared with a net profit of ₹0.41 crore in Q2 FY26 and a net loss of ₹0.44 crore in Q1 FY27.
- Basic EPS was -₹0.59 in Q2 FY27, compared with ₹0.34 in Q2 FY26 and -₹0.37 in Q1 FY27.
- H1 FY27 revenue was ₹3.58 crore and the company reported a net loss of ₹1.15 crore, compared with revenue of ₹3.78 crore and a net profit of ₹0.64 crore in H1 FY26.
How did Sea TV Network perform in Q2 FY27?
Sea TV Network’s consolidated revenue for the July–September 2026 quarter was ₹1.17 crore, down 38.4% from ₹1.90 crore in the year-ago quarter and down 51.5% from ₹2.41 crore in Q1 FY27. Total income was ₹1.81 crore, compared with ₹3.10 crore in Q2 FY26 and ₹2.44 crore in the previous quarter.
Consolidated EBITDA was ₹1.18 crore in Q2 FY27, with an EBITDA margin of -100.9%, compared with a margin of -34.8% in Q2 FY26 and -12.4% in Q1 FY27. The company reported a net loss of ₹0.71 crore, against a net profit of ₹0.41 crore in Q2 FY26 and a net loss of ₹0.44 crore in Q1 FY27; basic EPS was -₹0.59.
The results were also prepared on a standalone basis, with standalone revenue of ₹0.90 crore and a standalone net loss of ₹0.43 crore. The company reported no exceptional item for the quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1.17 | 2.41 | 1.90 | −38.4% | −51.5% |
| Other income | 0.64 | 0.04 | 1.20 | −46.7% | +1500.0% |
| Total expenses | 2.52 | 2.89 | 2.69 | −6.3% | −12.8% |
| EBITDA | −1.18 | −0.30 | −0.66 | ||
| EBITDA margin | -100.9% | -12.4% | -34.8% | −66.1 pp | −88.5 pp |
| Profit before tax | −0.71 | −0.44 | 0.41 | turned to loss | |
| Tax | 0 | 0 | 0 | ||
| Net profit | −0.71 | −0.44 | 0.41 | turned to loss | |
| EPS (₹) | −0.59 | −0.37 | 0.34 | turned to loss |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Sea TV Network's costs and profit?
Revenue fell by ₹0.73 crore, or 38.4%, to ₹1.17 crore from ₹1.90 crore in Q2 FY26, while total income fell by ₹1.29 crore to ₹1.81 crore. Other income declined by ₹0.56 crore, or 46.7%, to ₹0.64 crore from ₹1.20 crore. Total expenses were lower by ₹0.17 crore, or 6.3%, at ₹2.52 crore.
Employee cost rose by ₹0.02 crore, or 1.3%, to ₹1.61 crore from ₹1.59 crore, while finance costs rose by ₹0.06 crore, or 200.0%, to ₹0.09 crore from ₹0.03 crore. Depreciation fell by ₹0.02 crore to ₹0.08 crore and other expenses fell by ₹0.25 crore to ₹0.74 crore. There was no exceptional item, and tax remained unchanged.
The limited review report noted that interest on unsecured loans was not provided for the quarter and half year ended 30 September 2026. The report said the loss would have been higher by ₹68.13 lacs for the quarter and ₹134.61 lacs for the half year if the interest had been provided, and said the non-recognition was not in compliance with Ind AS 109.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 1.61 | 1.59 | +0.02 | +1.3% |
| Finance costs | 0.09 | 0.03 | +0.06 | +200.0% |
| Depreciation | 0.08 | 0.10 | −0.02 | −20.0% |
| Other expenses | 0.74 | 0.99 | −0.25 | −25.3% |
| Total expenses | 2.52 | 2.69 | −0.17 | −6.3% |
| Other income | 0.64 | 1.20 | −0.56 | −46.7% |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, Sea TV Network reported consolidated revenue of ₹3.58 crore, down 5.3% from ₹3.78 crore in H1 FY26. Total income declined by ₹1.92 crore, or 31.1%, to ₹4.26 crore from ₹6.18 crore.
The company reported a net loss of ₹1.15 crore for H1 FY27, compared with a net profit of ₹0.64 crore in H1 FY26. Basic EPS was -₹0.96 in H1 FY27, against ₹0.53 in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 3.58 | 3.78 | −5.3% |
| Profit before tax | −1.15 | 0.64 | turned to loss |
| Net profit | −1.15 | 0.64 | turned to loss |
| EPS (₹) | −0.96 | 0.53 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹17.49 crore, compared with ₹16.99 crore at 31 March 2026. Total equity was negative ₹41.38 crore, compared with negative ₹40.24 crore, while borrowings rose to ₹35.66 crore from ₹33.69 crore. Cash was ₹0.24 crore against ₹0.10 crore at the previous balance sheet date.
For H1 FY27, operating cash flow was negative ₹1.67 crore, compared with negative ₹2.35 crore in H1 FY26. Investing cash flow was negative ₹0.02 crore against negative ₹0.97 crore, while financing cash flow was ₹1.83 crore against ₹3.35 crore. Capital expenditure was ₹0.02 crore, against ₹0.00 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 17.49 | 16.99 |
| Total equity | −41.38 | −40.24 |
| Borrowings | 35.66 | 33.69 |
| Cash and equivalents | 0.24 | 0.10 |
| Inventories | 0.03 | 0.03 |
| Trade receivables | 3.73 | 3.78 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −1.67 | −2.35 |
| Cash from investing | −0.02 | −0.97 |
| Cash from financing | 1.83 | 3.35 |
| Capital expenditure | 0.02 | 0 |
Source: Company's results filing (XBRL).
How has Sea TV Network done over the last 8 quarters?
Revenue reached its highest level in the supplied quarterly trend at ₹3.50 crore in Q4 FY25 and fell to ₹1.17 crore in Q2 FY27. The latest quarter was below the ₹2.41 crore recorded in Q1 FY27 and the ₹1.90 crore reported in Q2 FY26.
Profit moved from a net profit of ₹0.41 crore in Q2 FY26 to a net loss of ₹0.71 crore in Q2 FY27. EBITDA margin was -100.9% in the latest quarter, compared with -12.4% in Q1 FY27, after reaching -14.4% in Q3 FY26.
What else did the company announce?
In filings made on 4 November 2026, the board approved the unaudited standalone and consolidated financial results for the second quarter and half year ended 30 September 2026, together with the statutory auditors’ limited review report. The board also accepted the resignation of M/s. Ashutosh Agarwal & Co. as internal auditor and approved M/s. Singhal Manish & Associates as its replacement.
The appointment of Singhal Manish & Associates was effective from the close of business hours on 5 November 2026 and continues until its resignation or the conclusion of the financial year ending 31 March 2027, whichever is earlier. The board also authorised the Company Secretary and Compliance Officer, Mr. Aman Khandelwal, to represent the company before judicial, quasi-judicial and regulatory authorities and to update his compliance-officer particulars with TRAI.
How did other TV Broadcasting & Software Production companies do?
Eight other TV Broadcasting & Software Production companies had filed results for the quarter by 5 November 2026. Their median revenue growth was -0.1%; one peer grew more slowly than Sea TV Network and seven grew faster. Four of the eight peers reported higher profit.
| Sea TV Network revenue growth (YoY) | −38.4% |
|---|---|
| Median of 8 other TV Broadcasting & Software Production companies | −0.1% |
| Companies with slower revenue growth than Sea TV Network | 1 of 8 |
| Companies with faster revenue growth than Sea TV Network | 7 of 8 |
| Companies whose net profit rose | 4 of 8 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Sea TV Network's revenue in Q2 FY27?
Revenue from operations was ₹1.17 crore, down 38.4% from ₹1.90 crore in Q2 FY26 (consolidated).
Did Sea TV Network make a profit in Q2 FY27?
No. It reported a net loss of ₹0.71 crore, against a net profit of ₹0.41 crore in Q2 FY26.
What was Sea TV Network's EPS in Q2 FY27?
Basic loss per share was ₹0.59, against ₹0.34 in Q2 FY26.
When did Sea TV Network announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (BSE, 29 October 2026) · PDF
- Board Meeting Outcome for Outcome Of The Board Meeting Held On 04Th November, 2026 Pursuant To Regulation 30 & Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (BSE, 4 November 2026) · PDF
- Submission Of Un-Audited Standalone And Consolidated Financial Results And Limited Review Report Pursuant To Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Second Quarter & Half Year Ended 30Th September, 2026 (BSE, 4 November 2026) · PDF
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