Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q3 FY23 | Q2 FY23 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 206 | 213 | 212 | 188 | 197 | 249 | 237 | 207 | 312 | 253 | 263 | 214 | 223 | 217 | 231 | 212 | 218 | 242 | 258 | 226 | 204 | 224 | 177 | 168 | 208 | 222 | 180 | 246 | 0 | 0 |
| Other income | 6.4 | 13.6 | 7.2 | 9.8 | 10.8 | 12.1 | 11.3 | 12.6 | 9.8 | 9.2 | 9.6 | 9.3 | 9.7 | 7.9 | 13 | 11.8 | 10.9 | 10.5 | 8.9 | 14.3 | 8.6 | 8.9 | 11.3 | 7.8 | 8.3 | 8.1 | 12.6 | 14.4 | 0 | 0 |
| Total expenses | 199 | 217 | 207 | 192 | 198 | 253 | 236 | 208 | 253 | 241 | 233 | 213 | 220 | 207 | 206 | 197 | 182 | 205 | 184 | 177 | 162 | 157 | 146 | 148 | 172 | 172 | 157 | 182 | 0 | 0 |
| EBITDA | 15.8 | 4.6 | 12.7 | 3.5 | 7.5 | 4.3 | 10.9 | 9 | 69.4 | 22.6 | 41.1 | 11.8 | 13.4 | 21.4 | 36 | 26.5 | 47.3 | 48.6 | 85.7 | 59.6 | 52.3 | 77.5 | 41.2 | 30 | 46.8 | 60.8 | 34 | 74.4 | 0 | 0 |
| EBITDA margin | 7.7% | 2.1% | 6.0% | 1.9% | 3.8% | 1.7% | 4.6% | 4.3% | 22.3% | 9.0% | 15.7% | 5.5% | 6.0% | 9.9% | 15.6% | 12.5% | 21.7% | 20.0% | 33.2% | 26.4% | 25.7% | 34.7% | 23.3% | 17.9% | 22.5% | 27.3% | 18.8% | 30.2% | – | – |
| Finance costs | 0.5 | 0.6 | 0.4 | 0.4 | 0.5 | 0.6 | 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | 0.8 | 0.9 | 0.8 | 0.7 | 1 | 0.8 | 0.6 | 1 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.8 | 0 | 0 |
| Depreciation | 8 | 7.9 | 7.4 | 7.6 | 7.7 | 7.8 | 9.4 | 9.4 | 9.4 | 10.3 | 10.6 | 10.3 | 10.2 | 10.3 | 10.3 | 10.5 | 10.2 | 11 | 11 | 10.2 | 10.1 | 10.7 | 9.5 | 9.3 | 9.7 | 9.6 | 9.6 | 9.6 | 0 | 0 |
| Profit before tax | 13.7 | 12.3 | −0.1 | −2.4 | 10.2 | 7.9 | 12 | 11.5 | 69 | 15.8 | 39.3 | 10 | 12 | 8.3 | 38 | 26.9 | 47.2 | 47.4 | 82.6 | 63.1 | 50.3 | 75.2 | 42.4 | 27.8 | 44.8 | 58.5 | 36.3 | 78.4 | 0 | 0 |
| Tax | 3.6 | 3.2 | 1.7 | −0.4 | 2.8 | 1.7 | 3.3 | 3.2 | 17.6 | 4.3 | 10.2 | 2.9 | 3.2 | 2.4 | 10.4 | 7.2 | 12.1 | 11.7 | 21.1 | 16.2 | 12.9 | 20.4 | 14.6 | 15.1 | 17 | 21 | 13.2 | 27.4 | 0 | 0 |
| Net profit | 10.3 | 9 | −0.1 | −2 | 7.4 | 6.2 | 8.7 | 8.3 | 51.4 | 11.5 | 29.1 | 7 | 8.8 | 5.9 | 27.6 | 19.7 | 35.1 | 35.7 | 61.5 | 47 | 37.3 | 54.8 | 27.7 | 12.8 | 27.8 | 37.5 | 23 | 51 | 0 | 0 |
| Net margin | 5.0% | 4.2% | -0.1% | -1.1% | 3.7% | 2.5% | 3.7% | 4.0% | 16.5% | 4.5% | 11.1% | 3.3% | 3.9% | 2.7% | 11.9% | 9.3% | 16.1% | 14.7% | 23.8% | 20.8% | 18.3% | 24.5% | 15.7% | 7.6% | 13.3% | 16.9% | 12.8% | 20.7% | – | – |
| EPS (₹) | 1.69 | 1.52 | -0.28 | -0.33 | 1.24 | 1.03 | 1.46 | 1.39 | 8.61 | 1.92 | 4.88 | 1.18 | 1.47 | 0.98 | 4.63 | 3.31 | 5.87 | 5.98 | 10.31 | 7.87 | 6.26 | 9.18 | 4.65 | 2.14 | 4.66 | 6.29 | 3.86 | 8.55 | 0.00 | 0.00 |
| Net profit YoY | +39.6% | +46.7% | −101.6% | −123.9% | −85.7% | −46.3% | −70.0% | +17.8% | +485.2% | +95.9% | +5.4% | −64.4% | −75.0% | −83.6% | −55.1% | −58.0% | −6.1% | – | +12.2% | +69.4% | +192.6% | +46.0% | +20.6% | −75.0% | – | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 809 | 993 | 952 | 878 | 930 | 857 | 742 | 721 |
| Other income | 40.9 | 45.7 | 37.8 | 43.6 | 43.9 | 43.3 | 36.7 | 24.7 |
| Total expenses | 810 | 928 | 908 | 792 | 731 | 683 | 575 | 548 |
| EBITDA | 31 | 99.8 | 89 | 131 | 244 | 216 | 200 | 208 |
| EBITDA margin | 3.8% | 10.0% | 9.3% | 14.9% | 26.3% | 25.2% | 26.9% | 28.8% |
| Finance costs | 2 | 2.4 | 3.4 | 3.3 | 2.6 | 2.8 | 0.8 | 3.7 |
| Depreciation | 30.5 | 32.2 | 41.4 | 41.3 | 42.3 | 38.5 | 31.5 | 31.4 |
| Profit before tax | 29.9 | 111 | 77.1 | 120 | 243 | 218 | 204 | 183 |
| Tax | 9.7 | 28.4 | 20.7 | 32.1 | 61.8 | 78.6 | 72.5 | 64.5 |
| Net profit | 14.4 | 74.5 | 56.4 | 88.2 | 182 | 139 | 131 | 119 |
| Net margin | 1.8% | 7.5% | 5.9% | 10.0% | 19.5% | 16.3% | 17.7% | 16.5% |
| EPS (₹) | 3.39 | 13.81 | 9.45 | 14.79 | 30.42 | 23.36 | 22.03 | 19.94 |
| Net profit YoY | −80.7% | +32.2% | −36.1% | −51.4% | – | +6.0% | +10.5% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating cash flow | 10.4 | 122 | 15.1 | 40.7 | 236 |
| Investing cash flow | 20.2 | −74.2 | 35 | 371 | −211 |
| Financing cash flow | −27.9 | −61.4 | −28.1 | −427 | −22.5 |
| Capital expenditure | 18.5 | 16.3 | 19 | 32 | 26.9 |
| Free cash flow (CFO − capex) | −8 | 105 | −3.9 | 8.8 | 209 |
Net profit trend
annual, ₹ croreFY20
₹139
FY22
₹182+30%
FY23
₹88.2−51%
FY24
₹56.4−36%
FY25
₹74.5+32%
FY26
₹14.4−81%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 5 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 5 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 15 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 15 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 11 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 11 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 25 Jul 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 25 Jul 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 22.1×37.0×
P/B5Y avg 1.25×0.71×
ROEFY26, on average equity1.6%
Net margin1.8%
Debt / equity0.02×
Revenue CAGR (3Y)-2.7%
Profit CAGR (3Y)-45.4%
EPS (TTM)₹2.88
Market cap₹635 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.71×
vs 8-point avg 1.25× (−43%)
0.66× low1.25× avg1.59× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹1,129 Cr−0%
Net worth₹891 Cr−0%
Total borrowings₹15 Cr−29%
Cash & bank balances₹23 Cr+8%
Investments₹0 Cr+0%
Inventories₹0 Cr
Trade receivables₹263 Cr+21%
Trade payables₹90 Cr−10%
Change vs the same date a year earlier.
Revenue mix FY26
Television and other media operations99.0%result ₹18.6 Cr
Discontinued operations: Radio broadcasting1.0%result ₹−7.8 Cr
Segment revenue as reported, before inter-segment eliminations.