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 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 117 | 148 | 150 | 122 | 108 | 127 | 133 | 111 | 93.9 | 107 | 98 | 95.6 | 70 | 67 | 105 | 106 | 104 | 116 | 91.2 | 85 | 84.7 | 106 | 94.4 | 72.7 | 92.6 | 93.7 | 77.2 | 110 | 102 | 103 | 93.5 | 98.2 | 108 |
| Other income | 2.7 | 2.6 | 1.8 | 2.7 | 4.9 | 1.2 | 1.4 | 0.7 | 3.9 | 11.9 | 2.2 | 3.5 | 5.1 | 2.7 | 3.4 | 1.9 | 6.1 | 1 | 6.8 | 10.7 | 39.8 | 4 | 5.2 | 1.3 | 9.4 | 4.6 | 1.6 | 4.2 | 13 | 4 | 7.4 | 3 | 1.7 |
| Total expenses | 202 | 248 | 227 | 198 | 183 | 191 | 188 | 165 | 145 | 127 | 110 | 93.5 | 82 | 85.3 | 88.3 | 91.9 | 80.5 | 84.1 | 84.6 | 77.9 | 96.6 | 82.4 | 74 | 64.6 | 89.5 | 85 | 87.6 | 94 | 95.2 | 95.2 | 98.7 | 102 | 127 |
| EBITDA | −67.7 | −84.6 | −61.4 | −56.9 | −57.6 | −48.5 | −41.4 | −43.3 | −45.5 | −15.6 | −8.6 | 4.7 | −9.5 | −14.8 | 22.6 | 19.4 | 29.2 | 38.6 | 14.7 | 15.9 | −1.3 | 30.6 | 27.7 | 16 | 11.4 | 16.9 | −0.8 | 25.3 | 17.3 | 17.3 | 4.4 | 6 | −9.5 |
| EBITDA margin | -57.8% | -57.2% | -40.8% | -46.5% | -53.5% | -38.2% | -31.2% | -38.9% | -48.5% | -14.6% | -8.7% | 4.9% | -13.6% | -22.0% | 21.4% | 18.3% | 28.1% | 33.2% | 16.1% | 18.7% | -1.5% | 29.0% | 29.4% | 22.0% | 12.3% | 18.0% | -1.0% | 23.1% | 16.9% | 16.9% | 4.7% | 6.1% | -8.7% |
| Finance costs | 6.7 | 5.7 | 6.2 | 9.9 | 9 | 7.7 | 5.6 | 4.1 | 3.1 | 2.5 | 1.4 | 0.4 | 0.3 | 0.6 | 0.9 | 0.8 | 1.3 | 1.7 | 3.3 | 4 | 7.7 | 5.2 | 5.1 | 5.3 | 5.7 | 5.6 | 6.9 | 6.7 | 7.7 | 7 | 6.3 | 6.7 | 5.4 |
| Depreciation | 9.9 | 9.4 | 9 | 8.8 | 8.4 | 8.1 | 8 | 6.1 | 2.3 | 2.7 | 2.4 | 2.3 | 2.2 | 3 | 4.6 | 4.8 | 4.6 | 4.7 | 4.8 | 4.8 | 2.9 | 2 | 2.3 | 2.6 | 2.5 | 2.7 | 2.7 | 2.9 | 2.5 | 3 | 3.2 | 3.2 | 3.5 |
| Profit before tax | −81.6 | −97.1 | −80.1 | −72.9 | −70.1 | −63.1 | −53.6 | −52.8 | −47 | −8.9 | −10.1 | 5.6 | −6.9 | −3.8 | 20.5 | 15.7 | 29.3 | 33.2 | 13.4 | 17.8 | 27.9 | 27.4 | 25.6 | 9.4 | 12.5 | 13.3 | −8.8 | 19.9 | 16.1 | 11.3 | 2.2 | −0.9 | −17.8 |
| Tax | 0 | 0.7 | 0.1 | 1.3 | 0.3 | −1.5 | 1.6 | 0.8 | 0.1 | 0.1 | 0.2 | 0.1 | 1 | −2.4 | 5 | 2.9 | 3.9 | 4.5 | 1.4 | 1.5 | 3.9 | 4.7 | 5 | 1.8 | 2.4 | 1 | 1 | 3.2 | 3.1 | 2.7 | 1.4 | 2.1 | 0.7 |
| Net profit | −81.9 | −98.6 | −80.3 | −74 | −70.3 | −62 | −55.5 | −53.5 | −47.1 | −8.7 | −10.2 | 5.6 | −8.1 | −1.1 | 15.2 | 13 | 25.8 | 29.9 | 12.5 | 16.6 | 24.1 | 22.7 | 20.5 | 7.6 | 9.2 | 12.1 | −10.1 | 16.7 | 13.2 | 8.3 | 0.6 | −2.9 | −18.2 |
| Net margin | -69.8% | -66.6% | -53.4% | -60.5% | -65.3% | -48.8% | -41.8% | -48.0% | -50.2% | -8.1% | -10.4% | 5.8% | -11.5% | -1.6% | 14.4% | 12.3% | 24.9% | 25.7% | 13.7% | 19.5% | 28.4% | 21.4% | 21.8% | 10.4% | 9.9% | 12.9% | -13.0% | 15.2% | 12.9% | 8.1% | 0.6% | -2.9% | -16.7% |
| EPS (₹) | -7.24 | -11.18 | -10.13 | -11.49 | -10.92 | -9.44 | -8.64 | -8.19 | -7.25 | -1.31 | -1.48 | 0.92 | -1.26 | 0.09 | 2.00 | 1.86 | 3.75 | 4.29 | 1.87 | 2.48 | 4.05 | 3.15 | 2.73 | 1.07 | 1.24 | 1.75 | -1.59 | 2.37 | 1.84 | 1.13 | 0.18 | -0.35 | -2.69 |
| Net profit YoY | −16.5% | −59.1% | −44.6% | −38.5% | −49.2% | −613.9% | −446.1% | −1063.1% | −483.0% | −703.7% | −166.9% | −57.4% | – | −104.2% | −49.2% | +4.4% | +7.2% | +31.6% | −39.2% | +119.3% | +161.8% | +87.1% | +304.4% | −54.7% | −30.2% | +46.0% | −1803.4% | +678.5% | +172.6% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 528 | 465 | 370 | 386 | 396 | 358 | 373 | 399 | 429 |
| Other income | 12 | 7.2 | 22.7 | 13.9 | 24.5 | 50.3 | 19.8 | 26 | 10.7 |
| Total expenses | 855 | 689 | 413 | 349 | 327 | 318 | 356 | 392 | 501 |
| EBITDA | −261 | −179 | −28.9 | 57.1 | 98.4 | 73.1 | 52.8 | 46.2 | −36 |
| EBITDA margin | -49.3% | -38.4% | -7.8% | 14.8% | 24.8% | 20.4% | 14.1% | 11.6% | -8.4% |
| Finance costs | 30.8 | 20.4 | 4.6 | 2.9 | 10.2 | 23.3 | 24.9 | 27.7 | 20.6 |
| Depreciation | 35.6 | 24.5 | 9.5 | 17.1 | 18.9 | 9.7 | 10.8 | 11.9 | 15.5 |
| Profit before tax | −320 | −216 | −20.3 | 62.8 | 93.8 | 90.3 | 36.9 | 28.6 | −75 |
| Tax | 2.5 | 1 | 1.3 | 10.3 | 11.4 | 15.4 | 7.6 | 9.2 | 11.1 |
| Net profit | −323 | −218 | −21.4 | 52.9 | 84.8 | 74.9 | 27.9 | 11.4 | −84.4 |
| Net margin | -61.2% | -46.9% | -5.8% | 13.7% | 21.4% | 20.9% | 7.5% | 2.9% | -19.7% |
| EPS (₹) | -36.86 | -33.52 | -3.14 | 7.56 | 12.38 | 11.00 | 3.76 | 1.59 | -12.41 |
| Net profit YoY | −48.2% | −921.1% | −140.3% | −37.5% | +13.2% | +168.1% | +145.8% | +113.5% | – |
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 | −256 | −130 | 9.8 | 8.8 | 59.8 |
| Investing cash flow | −23.3 | −75.4 | −27.5 | −9.9 | −5.9 |
| Financing cash flow | 284 | 200 | 21.3 | 8.5 | −58.6 |
| Capital expenditure | 33.7 | 79 | 37.1 | 11.1 | 6.4 |
| Free cash flow (CFO − capex) | −289 | −209 | −27.2 | −2.3 | 53.5 |
Net profit trend
annual, ₹ croreFY21
₹74.9
FY22
₹84.8+13%
FY23
₹52.9−38%
FY24
₹−21.4−140%
FY25
₹−218−921%
FY26
₹−323−48%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 21 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 21 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 29 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 29 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 28 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 28 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 29 Oct 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 29 Oct 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 32.4×-2.4×
P/B5Y avg 9.37×6.16×
ROEFY26, on average equity-345.6%
Net margin-61.2%
Debt / equity1.45×
Revenue CAGR (3Y)11.0%
Profit CAGR (3Y)–
EPS (TTM)₹-29.67
Market cap₹791 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
6.16×
vs 8-point avg 9.37× (−34%)
5.21× low9.37× avg17.04× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹704 Cr+10%
Net worth₹128 Cr+118%
Total borrowings₹186 Cr−29%
Cash & bank balances₹15 Cr+52%
Investments₹4 Cr−2%
Inventories₹0 Cr
Trade receivables₹160 Cr+14%
Trade payables₹165 Cr+18%
Change vs the same date a year earlier.
Revenue mix FY20
Television media and related operations98.1%result ₹64 Cr
Retail/E-commerce1.9%result ₹−2.3 Cr
Segment revenue as reported, before inter-segment eliminations.