T.V. Today Network Q4 results: Profit rises 47% YoY even as FY26 revenue drops 19%

T.V. Today Network reported a mixed set of Q4 FY26 results, with quarterly profit improving year on year despite a decline in revenue from operations.

The company, which operates Aaj Tak, India Today Television and other Hindi and English news channels, posted consolidated revenue from operations of Rs 213.47 crore in Q4 FY26, down 14.3% from Rs 249.17 crore in the same quarter last year. Sequentially, revenue remained broadly flat compared with Rs 212.36 crore in Q3 FY26.

Total consolidated income stood at Rs 227.03 crore during the quarter, compared with Rs 261.24 crore in Q4 FY25. Consolidated net profit rose 46.8% year on year to Rs 9.02 crore from Rs 6.15 crore, supported by lower production costs and exceptional income of Rs 2.72 crore from labour code compensation realignment.

Production costs fell sharply to Rs 34.41 crore in Q4 FY26 from Rs 63.99 crore a year earlier. EBITDA for the quarter stood at approximately Rs 4.6 crore, with EBITDA margin at 2.14% compared with 1.83% in the year ago period.

For the full year FY26, the company’s performance was weaker. Consolidated revenue from operations declined 18.56% to Rs 808.70 crore from Rs 993.02 crore in FY25. Full year consolidated net profit fell 80.75% to Rs 14.35 crore from Rs 74.53 crore in the previous year.

Profit before tax from continuing operations stood at Rs 29.92 crore in FY26, compared with Rs 111.12 crore in FY25. The discontinued radio broadcasting business recorded a pre tax loss of Rs 7.81 crore for the year.

The company’s exit from the radio business remained a key corporate development. After an earlier transaction with Creative Channel Advertising and Marketing Private Limited did not proceed, T.V. Today Network entered into a fresh MoU with Abhijit Realtors and Infraventures Private Limited for the sale of the radio business for Rs 10 crore.

The radio business has been classified as a discontinued disposal group held for sale as of March 31, 2026. The company recognised an impairment loss of Rs 9.63 crore during FY26.

At the subsidiary level, the board approved an investment of Rs 50 lakh in Mail Today Newspapers Private Limited through a rights issue to support working capital and statutory dues. Mail Today had nil turnover for FY23, FY24 and FY25 and reported a FY26 PAT loss of around Rs 35 lakh.

The company’s total assets stood at Rs 1,129.16 crore, while total equity stood at Rs 890.86 crore. Cash and cash equivalents were Rs 23.43 crore, with bank balances of Rs 13.40 crore. Net cash inflow from operating activities fell sharply to Rs 10.43 crore in FY26 from Rs 121.59 crore in FY25.

The results were approved by the board on May 15, 2026.

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