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 | 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 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 191 | 158 | 240 | 179 | 182 | 156 | 159 | 131 | 176 | 179 | 167 | 152 | 140 | 148 | 171 | 195 | 248 | 206 | 170 | 183 | 184 | 150 | 132 | 138 | 156 | 137 | 201 | 169 | 194 | 169 | 180 |
| Other income | 1.7 | 14.2 | 1 | 1.2 | 0.8 | 5.9 | 1.3 | 2.4 | 1.4 | 15.6 | 3.2 | 2.2 | 3.8 | 14.1 | 1.3 | 0.8 | 1.9 | 1.5 | 1.2 | 2.2 | 0.9 | 1.2 | 0.9 | 2.2 | 1.7 | 2.4 | 2.8 | 5.6 | 2.2 | 2 | 2.8 |
| Total expenses | 206 | 197 | 192 | 193 | 195 | 200 | 191 | 200 | 199 | 188 | 217 | 196 | 185 | 178 | 197 | 204 | 220 | 174 | 158 | 153 | 140 | 127 | 117 | 134 | 133 | 130 | 164 | 152 | 155 | 145 | 177 |
| EBITDA | 16.3 | −9.4 | 78.2 | 17.1 | 19.8 | −8.3 | 6.5 | −31.4 | 14.8 | 26.2 | −25.4 | −20.2 | −19.7 | 0 | 5.3 | 20.4 | 58.6 | 62.3 | 45.3 | 60.2 | 68.4 | 48.4 | 40.9 | 28.7 | 50.9 | 37 | 65.9 | 38.9 | 58 | 40.9 | 20.2 |
| EBITDA margin | 8.5% | -5.9% | 32.5% | 9.6% | 10.8% | -5.3% | 4.1% | -24.0% | 8.4% | 14.6% | -15.2% | -13.3% | -14.1% | 0.0% | 3.1% | 10.5% | 23.7% | 30.2% | 26.6% | 32.9% | 37.1% | 32.3% | 31.0% | 20.8% | 32.6% | 27.0% | 32.8% | 23.0% | 29.9% | 24.2% | 11.3% |
| Finance costs | 5.1 | 5.1 | 4.7 | 4.9 | 4.8 | 7.3 | 7.8 | 7.4 | 7.9 | 8.4 | 4.9 | 5.1 | 5.7 | 7.3 | 7.4 | 7.6 | 9.6 | 8.9 | 11.2 | 9.6 | 4.9 | 5.1 | 4.8 | 5.4 | 5.5 | 6.2 | 6.9 | 5.1 | 5.1 | 4.4 | 5.2 |
| Depreciation | 26.1 | 24.8 | 25.6 | 26.8 | 27.2 | 28.8 | 29.9 | 30.1 | 30.2 | 27 | 19.2 | 19.5 | 19.2 | 23.3 | 23.3 | 22.2 | 21.2 | 20.7 | 21.7 | 20.4 | 19.3 | 20.4 | 20.7 | 19.6 | 22.2 | 23.6 | 22.6 | 16.3 | 13.8 | 12.6 | 12 |
| Profit before tax | −13.2 | −29.9 | 48.9 | −13.3 | −11.4 | −49.5 | −29.9 | −66.5 | −14 | −4.9 | −46.4 | −41.7 | −34.1 | −47.5 | −24 | −8.6 | −39.5 | −91.5 | −3.4 | 21.3 | 45.1 | 24 | 16.4 | 13.3 | −176 | −123 | 39.2 | −80.2 | 41.3 | 25.9 | 5.8 |
| Tax | −1.1 | −3.4 | −3.9 | 2.2 | −2.6 | −12.8 | −7.5 | −16.7 | −3.6 | 1.6 | −10.5 | −10.5 | −8.8 | −6.9 | −4.9 | 3.4 | 12 | 11.1 | 5.7 | 10.9 | 10.8 | 5.4 | 4.1 | 4.4 | 6.4 | 3.8 | 13.3 | 6.5 | 13.9 | 8.3 | 0.7 |
| Net profit | −12.1 | −26.5 | 52.8 | −15.5 | −8.8 | −36.7 | −22.4 | −49.9 | −10.4 | −6.5 | −35.9 | −30.7 | −25.3 | −45.8 | −19.2 | −12.1 | −51.5 | −103 | −9.1 | 10.5 | 34.5 | 18.5 | 12.3 | 11.1 | −182 | −126 | 26.1 | −86.7 | 27.2 | 17.3 | 4.5 |
| Net margin | -6.4% | -16.8% | 22.0% | -8.7% | -4.8% | -23.6% | -14.1% | -38.1% | -5.9% | -3.6% | -21.5% | -20.3% | -18.0% | -31.0% | -11.2% | -6.2% | -20.8% | -49.8% | -5.3% | 5.7% | 18.7% | 12.4% | 9.3% | 8.1% | -116.7% | -92.3% | 13.0% | -51.2% | 14.0% | 10.2% | 2.5% |
| EPS (₹) | -0.19 | -0.42 | 0.84 | -0.25 | -0.14 | -0.59 | -0.36 | -0.80 | -0.17 | 0.00 | -0.57 | 0.49 | -0.40 | -0.73 | -0.31 | -0.19 | -0.82 | -1.87 | -0.19 | 0.22 | 0.74 | 0.39 | 0.26 | 0.23 | -3.86 | -2.68 | 0.55 | -1.84 | 0.58 | 0.37 | 0.05 |
| Net profit YoY | −37.5% | +27.8% | +335.3% | +68.9% | +15.1% | −464.3% | +37.6% | −62.4% | +59.0% | +85.8% | −87.4% | −154.1% | – | +11.0% | – | +88.2% | −590.0% | −654.1% | −173.9% | −5.7% | +118.9% | +114.7% | −53.0% | +112.9% | −768.5% | −833.1% | – | −2037.6% | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 759 | 622 | 638 | 721 | 867 | 649 | 632 | 687 | 578 |
| Other income | 17.2 | 11.1 | 24.7 | 19.1 | 5.7 | 5.2 | 9.1 | 11.7 | 9.4 |
| Total expenses | 777 | 790 | 787 | 776 | 736 | 536 | 561 | 587 | 532 |
| EBITDA | 106 | −18.5 | −39.2 | 65.6 | 254 | 218 | 183 | 174 | 104 |
| EBITDA margin | 13.9% | -3.0% | -6.1% | 9.1% | 29.3% | 33.6% | 28.9% | 25.3% | 18.0% |
| Finance costs | 19.5 | 30.4 | 24.1 | 29.7 | 37.8 | 24.3 | 24 | 18 | 17.6 |
| Depreciation | 104 | 119 | 84.9 | 91.7 | 84.9 | 80.8 | 88 | 55.4 | 41 |
| Profit before tax | −5.8 | −160 | −127 | −67.6 | −75.3 | 107 | −246 | 49.8 | 54.9 |
| Tax | −7.7 | −40.5 | −28.3 | −4 | 45 | 31.3 | 27.8 | 36 | 22.5 |
| Net profit | 1.9 | −119 | −98.4 | −68.8 | −118 | 75.7 | −271 | −6.3 | 27.8 |
| Net margin | 0.3% | -19.2% | -15.4% | -9.5% | -13.6% | 11.7% | -42.9% | -0.9% | 4.8% |
| EPS (₹) | 0.03 | -1.91 | 1.10 | -1.10 | -2.07 | 1.61 | -5.76 | 0.26 | 0.42 |
| Net profit YoY | +101.6% | −21.3% | −43.0% | +41.5% | −255.4% | +127.9% | −4189.9% | −122.7% | – |
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 | 98.1 | 63.5 | 76.9 | 146 | 249 |
| Investing cash flow | −3.5 | −7.3 | 14.6 | −97.7 | −189 |
| Financing cash flow | −82.8 | −48.3 | −92.3 | −93.3 | −116 |
| Capital expenditure | 10.3 | 10.6 | 15.3 | 108 | 98.2 |
| Free cash flow (CFO − capex) | 87.8 | 52.9 | 61.7 | 38.5 | 151 |
Net profit trend
annual, ₹ croreFY21
₹75.7
FY22
₹−118−255%
FY23
₹−68.8+42%
FY24
₹−98.4−43%
FY25
₹−119−21%
FY26
₹1.9+102%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 14 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 29 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | – | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 29 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 12 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 12 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 12 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 12 Nov 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 218.6×-333.9×
P/B5Y avg 2.95×2.10×
ROEFY26, on average equity0.9%
Net margin0.3%
Debt / equity0.05×
Revenue CAGR (3Y)1.8%
Profit CAGR (3Y)–
EPS (TTM)₹-0.02
Market cap₹470 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
2.10×
vs 8-point avg 2.95× (−29%)
1.39× low2.95× avg6.23× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹873 Cr−1%
Net worth₹224 Cr+1%
Total borrowings₹11 Cr−87%
Cash & bank balances₹8 Cr−38%
Investments₹42 Cr−3%
Inventories₹0 Cr
Trade receivables₹314 Cr+58%
Trade payables₹148 Cr+35%
Change vs the same date a year earlier.
Revenue mix FY18
Television Broadcasting business99.2%result ₹93.4 Cr
E-Commerce business0.8%result ₹−28.4 Cr
Segment revenue as reported, before inter-segment eliminations.