Financial Results Summary

Standalone Performance (Rs in Lakhs)

Quarter Ended September 30, 2026:

  • Total Income: Rs 8,867 lakhs
  • Net Loss: Rs (5,903) lakhs
  • EPS: Rs (5.23) per share

Half Year Ended September 30, 2026:

  • Total Income: Rs 16,363 lakhs
  • Net Loss: Rs (13,550) lakhs
  • EPS: Rs (12.01) per share

Consolidated Performance (Rs in Lakhs)

Quarter Ended September 30, 2026:

  • Total Income: Rs 13,434 lakhs
  • Net Loss: Rs (6,351) lakhs
  • EPS: Rs (5.61) per share

Half Year Ended September 30, 2026:

  • Total Income: Rs 25,430 lakhs
  • Net Loss: Rs (14,539) lakhs
  • EPS: Rs (12.84) per share

Comparative Performance

Consolidated revenue showed improvement compared to previous quarters but remained below previous year levels. Losses reduced compared to both previous quarter (Q1 FY27: Rs 8,188 lakh loss) and corresponding quarter last year (Q2 FY26: Rs 7,401 lakh loss).

Key Financial Metrics

Consolidated Balance Sheet (as at September 30, 2026):

  • Total Assets: Rs 71,991 lakhs
  • Total Equity: Rs (1,491) lakhs (negative)
  • Total Liabilities: Rs 73,482 lakhs
  • Borrowings: Rs 29,508 lakhs (Non-current: Rs 27,408 lakhs, Current: Rs 2,100 lakhs)

Cash Flow (Half Year Ended September 30, 2026):

  • Net cash used in operating activities: Rs (8,932) lakhs
  • Net cash used in investing activities: Rs (1,692) lakhs
  • Net cash from financing activities: Rs 9,651 lakhs
  • Cash and cash equivalents at end: Rs 515 lakhs

Board Approval - Fund Raising

The Board approved raising funds through issuance of unsecured, non-convertible perpetual debentures for an amount not exceeding Rs 800 crores (80,000 debentures of face value Rs 1,00,000 each) on private placement basis, in one or more tranches.

Debenture Features:

  • Type: Unsecured, Non-convertible Perpetual Debentures
  • Coupon: 9% p.a. cumulative, payable at Board's discretion
  • Maturity: Perpetual (no fixed maturity date)
  • Listing: Not proposed to be listed
  • Security: Unsecured

Legal and Regulatory Matters

SEBI Matters

1. Settlement Application Dispute: Bombay High Court judgment dated September 4, 2019 set aside SEBI's rejection of settlement applications. SEBI has filed SLP before Supreme Court, no stay granted. Next hearing date not notified.

2. Penalty Notice: SEBI Notice dated November 22, 2019 demanding INR 307 lakhs (INR 3.07 crores) for alleged non-disclosure of disputed tax demand. Company maintains the notice is untenable due to Bombay High Court judgment. SEBI filed SLP, no coercive action undertaken as per Supreme Court hearing on December 9, 2019.

Income Tax Matters

Assessment Year 2008-09:

  • Revised tax demand of INR 42,036 lakh (420.36 crore) as per rectification order March 2026
  • Demand includes statutory interest under Income-tax Act, 1961
  • Complete stay granted by Principal Commissioner of Income-tax vide order dated April 28, 2026
  • Appeal pending before CIT(A)

CBI Investigation

  • FIR dated August 19, 2019 registered under IPC and Prevention of Corruption Act
  • Allegations of funds invested in subsidiaries being proceeds of unknown public servants
  • Matter under investigation

Other Legal Matters

  • FIR dated June 2, 2017: CBI filed closure report accepted by Rouse Avenue Court. Delhi High Court quashed ED's ECIR subject to revival if closure report set aside.

Corporate Developments

Amalgamation

Effective October 1, 2025, amalgamation of NDTV Networks Limited, NDTV Worldwide Limited, NDTV Media Limited, and NDTV Labs Limited with NDTV completed. Authorized share capital revised to INR 2,36,77,00,000 divided into 59,19,25,000 equity shares of INR 4 each.

Acquisition

Signed Asset Purchase Agreement dated August 14, 2026 with Lifestyle & Media Broadcasting Limited for acquisition of "GoodTimes" Channel and associated IP rights. Transaction subject to regulatory approvals from Ministry of Information and Broadcasting and customary conditions.

Labour Code Implementation

Government consolidated 29 labour legislations into 4 Labour Codes effective from November 21, 2025. Corresponding rules yet to be notified. Financial implications recognized in FY26 financial results.

Subsidiary and Joint Venture Matters

  • Investments in Indianroots Retail Private Limited and Indianroots Shopping Limited fully impaired in earlier years
  • No financial statements received for Q2 FY26, no adjustment required based on past performance
  • Three joint ventures' financial results furnished by management, not reviewed by auditors

Audit Review

Statutory Auditors M/s. S.N. Dhawan & Co. LLP issued unmodified review reports on both standalone and consolidated financial results. Review conducted under SRE 2410, not an audit.

Meeting Details

Board meeting held on October 26, 2026 from 4:45 p.m. to 5:55 p.m., approved by Audit Committee and Board of Directors.