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TV Today Network Q2 FY27 results: net profit ₹7.75 crore vs ₹1.98 crore loss, revenue up 3.6%
TV Today Network Limited reported consolidated revenue of ₹194.38 crore and a net profit of ₹7.75 crore for Q2 FY27, compared with a net loss of ₹1.98 crore in Q2 FY26. Revenue fell from Q1 FY27, while EBITDA rose year on year and the margin expanded to 4.7%.
Key points
- Q2 FY27 consolidated revenue was ₹194.38 crore, up 3.6% from ₹187.55 crore in Q2 FY26 but down 5.7% from Q1 FY27.
- Consolidated EBITDA was ₹9.18 crore, up 163.0% from ₹3.49 crore in Q2 FY26, while the EBITDA margin rose 2.8 percentage points to 4.7%.
- Net profit was ₹7.75 crore in Q2 FY27 against a net loss of ₹1.98 crore in Q2 FY26; basic EPS was ₹1.30 compared with negative ₹0.33.
- H1 FY27 revenue was ₹400.60 crore, up 3.8% from H1 FY26, while net profit rose to ₹18.01 crore from ₹5.37 crore.
- Television and Other Media Operations revenue was ₹194.38 crore, up 4.7% year on year, with EBIT of ₹7.14 crore against ₹2.06 crore.
How did TV Today Network perform in Q2 FY27?
TV Today Network’s consolidated Q2 FY27 revenue was ₹194.38 crore, up 3.6% from ₹187.55 crore in Q2 FY26, but down 5.7% from ₹206.22 crore in Q1 FY27. Total income was ₹204.92 crore, against ₹197.30 crore a year earlier and ₹212.66 crore in the previous quarter. The quarter covered July–September 2026.
Consolidated EBITDA rose to ₹9.18 crore from ₹3.49 crore in Q2 FY26, while the margin increased 2.8 percentage points to 4.7%. It fell from ₹15.79 crore and 7.7% in Q1 FY27. Profit before tax was ₹10.51 crore, compared with a loss of ₹2.35 crore a year earlier, and net profit was ₹7.75 crore versus a net loss of ₹1.98 crore. Basic EPS was ₹1.30, against negative ₹0.33.
On a standalone basis, Q2 FY27 revenue was ₹194.38 crore, up 3.6% from ₹185.68 crore in Q2 FY26, while net profit was ₹8.05 crore against a net loss of ₹2.04 crore. The board approved both standalone and consolidated unaudited results for the quarter and half year ended 30 September 2026 on 2 November 2026.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 194.38 | 206.22 | 187.55 | +3.6% | −5.7% |
| Other income | 10.54 | 6.44 | 9.75 | +8.1% | +63.7% |
| Total expenses | 194.41 | 198.92 | 192.04 | +1.2% | −2.3% |
| EBITDA | 9.18 | 15.79 | 3.49 | +163.0% | −41.9% |
| EBITDA margin | 4.7% | 7.7% | 1.9% | +2.8 pp | −3.0 pp |
| Profit before tax | 10.51 | 13.74 | −2.35 | turned to profit | −23.5% |
| Tax | 2.90 | 3.63 | −0.37 | −20.1% | |
| Net profit | 7.75 | 10.26 | −1.98 | turned to profit | −24.5% |
| EPS (₹) | 1.30 | 1.72 | −0.33 | turned to profit | −24.4% |
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 TV Today Network's costs and profit?
Total expenses were ₹194.41 crore in Q2 FY27, up 1.2% from ₹192.04 crore in Q2 FY26 and down 2.3% from ₹198.92 crore in Q1 FY27. Employee cost fell 3.2% year on year to ₹84.05 crore and 5.3% quarter on quarter to ₹84.05 crore, while other expenses increased 4.1% year on year to ₹101.15 crore.
Other income was ₹10.54 crore, up ₹0.79 crore or 8.1% from ₹9.75 crore in Q2 FY26 and up ₹4.10 crore or 63.7% from ₹6.44 crore in Q1 FY27. Finance costs increased 40.0% year on year to ₹0.56 crore, while depreciation rose 14.1% to ₹8.65 crore. There was no exceptional item in Q2 FY27, against a ₹7.61 crore charge in the year-ago quarter.
Tax was ₹2.90 crore in Q2 FY27, compared with a ₹0.37 crore tax credit in Q2 FY26 and ₹3.63 crore in Q1 FY27. The filing does not state the operational reasons for the changes in costs, other income or tax.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 84.05 | 86.86 | −2.81 | −3.2% |
| Finance costs | 0.56 | 0.40 | +0.16 | +40.0% |
| Depreciation | 8.65 | 7.58 | +1.07 | +14.1% |
| Other expenses | 101.15 | 97.20 | +3.95 | +4.1% |
| Total expenses | 194.41 | 192.04 | +2.37 | +1.2% |
| Other income | 10.54 | 9.75 | +0.79 | +8.1% |
| Tax | 2.90 | −0.37 | +3.27 | |
| Exceptional items | none | −7.61 (charge) |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, TV Today Network reported consolidated revenue of ₹400.60 crore, up 3.8% from ₹385.99 crore in H1 FY26. Total income rose 1.9% to ₹417.58 crore from ₹409.88 crore, while profit before tax increased to ₹24.25 crore from ₹7.77 crore.
H1 FY27 net profit was ₹18.01 crore, up from ₹5.37 crore in H1 FY26, and basic EPS was ₹3.02 compared with ₹0.90. The period covered April–September 2026, and the figures were unaudited.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 400.60 | 385.99 | +3.8% |
| Profit before tax | 24.25 | 7.77 | +212.1% |
| Net profit | 18.01 | 5.37 | +235.4% |
| EPS (₹) | 3.02 | 0.90 | +235.6% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹1,152.98 crore at 30 September 2026, against ₹1,129.16 crore at 31 March 2026. Total equity rose to ₹907.76 crore from ₹890.86 crore, while borrowings increased to ₹27.41 crore from ₹14.67 crore. Cash declined to ₹6.55 crore from ₹23.43 crore.
Trade receivables were ₹263.68 crore, compared with ₹262.98 crore at the previous balance sheet date, while trade payables fell to ₹88.47 crore from ₹90.48 crore. H1 FY27 operating cash flow was ₹43.14 crore, against negative ₹45.68 crore in H1 FY26.
Investing cash flow was negative ₹55.97 crore in H1 FY27, compared with ₹58.61 crore in H1 FY26, and financing cash flow was negative ₹5.01 crore against negative ₹22.72 crore. Capital expenditure was ₹13.16 crore in H1 FY27 and ₹9.74 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,153 | 1,129 |
| Total equity | 907.76 | 890.86 |
| Borrowings | 27.41 | 14.67 |
| Cash and equivalents | 6.55 | 23.43 |
| Inventories | 0 | 0 |
| Trade receivables | 263.68 | 262.98 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 43.14 | −45.68 |
| Cash from investing | −55.97 | 58.61 |
| Cash from financing | −5.01 | −22.72 |
| Capital expenditure | 13.16 | 9.74 |
Source: Company's results filing (XBRL).
How has TV Today Network done over the last 8 quarters?
Revenue reached its highest level in the reported period at ₹249.17 crore in Q4 FY25 and its lowest at ₹187.55 crore in Q2 FY26. Since then, revenue moved to ₹212.36 crore in Q3 FY26, ₹213.47 crore in Q4 FY26, ₹206.22 crore in Q1 FY27 and ₹194.38 crore in Q2 FY27, indicating a lower level than in the preceding quarter.
Net profit bottomed at a loss of ₹1.98 crore in Q2 FY26 and reached its highest level at ₹10.26 crore in Q1 FY27. It then fell to ₹7.75 crore in Q2 FY27. The EBITDA margin peaked at 7.7% in Q1 FY27 and was 4.7% in Q2 FY27, compared with 1.9% in Q2 FY26. Revenue rose year on year in each of the last two quarters.
Which businesses drove the quarter?
Television and Other Media Operations generated revenue of ₹194.38 crore in Q2 FY27, up 4.7% from ₹185.68 crore in Q2 FY26. Segment EBIT rose to ₹7.14 crore from ₹2.06 crore, with an EBIT margin of 3.7%.
Discontinued Operations: Radio Broadcasting reported revenue of ₹2.72 crore and EBIT of ₹0.19 crore in Q2 FY27. The filing did not provide comparable revenue, EBIT or growth figures for this segment for Q2 FY26.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Television and Other Media Operations | 194.38 | +4.7% | 7.14 | 3.7% |
| Discontinued Operations: Radio Broadcasting | 2.72 | 0.19 | 7.0% |
Source: Company's results filing (XBRL segment data).
How did TV Today Network shares react?
The filing was released after market hours. TV Today Network’s shares fell 0.8% after 5 minutes, 0.6% after 15 minutes and 1.8% after 30 minutes from the price when the filing appeared. The reaction-day close was down 0.9% from the previous close of ₹100.99.
| After the filing | Stock | TV Broadcasting & Software Production median |
|---|---|---|
| 5 minutes | −0.8% | |
| 15 minutes | −0.6% | |
| 30 minutes | −1.8% | |
| Reaction day | −0.9% | −0.0% |
| Next day | +1.3% | +2.1% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 5 August 2026 | +0.3% |
| 15 May 2026 | +0.8% |
| 13 February 2026 | +0.3% |
| 11 November 2025 | −2.5% |
| 25 July 2025 | −9.8% |
| 22 May 2025 | −6.0% |
| 11 February 2025 | −5.7% |
| 28 October 2024 | −6.6% |
Source: MarketPing price-reaction measurement.
How did other TV Broadcasting & Software Production companies do?
Seven other TV Broadcasting & Software Production companies that had filed for the quarter were compared with TV Today Network. Their median revenue growth was negative 3.7%, while TV Today Network’s consolidated revenue grew 3.6% year on year.
Of the other companies, 4 grew revenue more slowly than TV Today Network and 3 grew faster. Three of the seven companies recorded higher profit, with profit comparisons available for all 7. The peer figures were compiled as of 5 November 2026.
| TV Today Network revenue growth (YoY) | +3.6% |
|---|---|
| Median of 7 other TV Broadcasting & Software Production companies | −3.7% |
| Companies with slower revenue growth than TV Today Network | 4 of 7 |
| Companies with faster revenue growth than TV Today Network | 3 of 7 |
| Companies whose net profit rose | 3 of 7 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was TV Today Network's revenue in Q2 FY27?
Revenue from operations was ₹194.38 crore, up 3.6% from ₹187.55 crore in Q2 FY26 (consolidated).
Did TV Today Network make a profit in Q2 FY27?
Yes. Net profit was ₹7.75 crore, against a net loss of ₹1.98 crore in Q2 FY26.
What was TV Today Network's EPS in Q2 FY27?
Basic earnings per share were ₹1.30, against a loss of ₹0.33 in Q2 FY26.
How did TV Today Network shares react to the Q2 FY27 results?
On the reaction day the stock moved −0.9% from the previous close; the median TV Broadcasting & Software Production stock moved −0.0%.
When did TV Today Network announce its Q2 FY27 results?
On 2 November 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 2 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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