Raj Television Network Limited announced the unaudited financial results for the quarter and half year ended September 30, 2026, approved by the Board of Directors at their meeting held on November 12, 2026 (commenced at 12:00 PM and concluded at 4:30 PM). The results were reviewed and recommended by the Audit Committee and prepared in accordance with Regulation 33 of the SEBI (LODR) Regulations, 2015.

Financial Performance Highlights

Quarter Ended September 30, 2026 (Unaudited):

  • Revenue from operations: ₹184,865.64 thousand
  • Total revenue: ₹184,865.64 thousand (no other income)
  • Total expenses: ₹163,123.23 thousand
  • Cost of revenue: ₹102,626.48 thousand
  • Employee benefits expense: ₹36,643.09 thousand
  • Finance costs: ₹5,786.55 thousand
  • Depreciation and amortization: ₹2,003.47 thousand
  • Other expenses: ₹19,043.41 thousand
  • Profit before tax: ₹21,742.41 thousand
  • Tax expense: ₹4,935.59 thousand
  • Current tax: ₹1,647.50 thousand
  • Deferred tax: ₹3,288.09 thousand
  • Net profit for the quarter: ₹16,806.83 thousand
  • Earnings per share (Basic and Diluted): ₹0.32

Half Year Ended September 30, 2026 (Unaudited):

  • Revenue from operations: ₹334,540.97 thousand
  • Total revenue: ₹334,540.97 thousand (no other income)
  • Total expenses: ₹324,670.93 thousand
  • Profit before tax: ₹9,870.04 thousand
  • Tax expense: ₹3,140.14 thousand
  • Current tax: ₹1,647.50 thousand
  • Deferred tax: ₹1,492.64 thousand
  • Net profit for half year: ₹6,729.90 thousand
  • Earnings per share (Basic and Diluted): ₹0.13

Comparative Performance:

  • Q2 FY26 (Sep 30, 2025) net profit: ₹1,660.72 thousand
  • Q1 FY27 (Jun 30, 2026) net loss: ₹(10,076.93) thousand
  • Full year FY26 (Mar 31, 2026) net profit: ₹7,912.37 thousand

Balance Sheet Position (as at September 30, 2026)

  • Total assets: ₹1,781,943.44 thousand
  • Non-current assets: ₹1,374,722.61 thousand
  • Property, plant and equipment: ₹740,105.68 thousand
  • Intangible assets: ₹426,138.29 thousand
  • Financial assets (loans and advances): ₹99,867.36 thousand
  • Non-current income tax assets: ₹47,572.83 thousand
  • Deferred tax assets: ₹61,038.45 thousand
  • Current assets: ₹407,220.83 thousand
  • Trade receivables: ₹341,943.54 thousand
  • Cash and cash equivalents: ₹15,278.67 thousand
  • Other current assets: ₹49,998.61 thousand
  • Equity and liabilities: ₹1,781,943.44 thousand
  • Equity: ₹1,249,915.22 thousand
  • Equity share capital: ₹259,566.72 thousand
  • Other equity: ₹990,348.50 thousand
  • Non-current liabilities: ₹324,383.81 thousand
  • Borrowings: ₹232,590.85 thousand
  • Other non-current liabilities: ₹91,792.96 thousand
  • Current liabilities: ₹207,644.41 thousand
  • Borrowings: ₹127,917.05 thousand
  • Trade payables: ₹67,255.41 thousand (appears misaligned in original)
  • Other current liabilities: ₹109,811.13 thousand

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

  • Operating activities: Net cash used ₹(120,714.10) thousand
  • Net profit before tax: ₹9,870.04 thousand
  • Adjustments: Depreciation ₹4,006.93 thousand, Interest paid ₹11,895.35 thousand
  • Working capital changes: Significant outflow from trade receivables (₹42,031.08 thousand increase) and other current liabilities (₹113,460.95 thousand decrease)
  • Investing activities: Net cash used ₹(9,003.32) thousand
  • Purchase of property, plant and equipment: ₹9,003.32 thousand
  • Financing activities: Net cash generated ₹142,695.50 thousand
  • Borrowings (long-term): ₹154,590.85 thousand
  • Interest paid: ₹(11,895.35) thousand
  • Net increase in cash: ₹12,978.09 thousand
  • Cash at beginning: ₹2,300.59 thousand
  • Cash at end: ₹15,278.67 thousand

Additional Notes

1. The financial results were reviewed by N Naresh & Co, Chartered Accountants (Firm Registration No: 011293S), who issued an unmodified limited review report dated November 12, 2026.

2. The company is engaged primarily in operating commercial satellite television channels business with no separate reportable segments as per Ind AS 108.

3. The Board of Directors has not recommended any dividend for the quarter ended September 30, 2026.

4. Comparative figures have been regrouped/reclassified where necessary for comparability.

5. The financial results are available on the websites of BSE Limited (www.bseindia.com), National Stock Exchange of India Limited (www.nseindia.com), and the company (www.rajtvnet.in).