Board Meeting Details
The meeting was held on August 05, 2026, commencing at 3:00 PM and concluding at 4:20 PM.
Standalone Financial Results (₹ in crores, unless stated)
Income Statement
- Revenue from operations: ₹206.22 (Q1 FY2027) vs ₹197.19 (Q1 FY2026) vs ₹213.47 (Q4 FY2026)
- Other income: ₹6.42 (Q1 FY2027) vs ₹10.65 (Q1 FY2026) vs ₹13.54 (Q4 FY2026)
- Total income: ₹212.64 (Q1 FY2027) vs ₹207.84 (Q1 FY2026) vs ₹227.01 (Q4 FY2026)
Expenses
- Production cost: ₹25.45 (Q1 FY2027) vs ₹22.64 (Q1 FY2026) vs ₹34.41 (Q4 FY2026)
- Employee benefits expense: ₹88.74 (Q1 FY2027) vs ₹87.99 (Q1 FY2026) vs ₹87.45 (Q4 FY2026)
- Finance costs: ₹0.48 (Q1 FY2027) vs ₹0.49 (Q1 FY2026) vs ₹0.64 (Q4 FY2026)
- Depreciation and amortization: ₹7.93 (Q1 FY2027) vs ₹7.68 (Q1 FY2026) vs ₹7.83 (Q4 FY2026)
- Other expenses: ₹75.99 (Q1 FY2027) vs ₹78.95 (Q1 FY2026) vs ₹87.03 (Q4 FY2026)
- Total expenses: ₹198.59 (Q1 FY2027) vs ₹197.75 (Q1 FY2026) vs ₹217.36 (Q4 FY2026)
Profitability
- Profit before exceptional items and tax: ₹14.05 (Q1 FY2027) vs ₹10.09 (Q1 FY2026) vs ₹9.65 (Q4 FY2026)
- Exceptional items: ₹0 (Q1 FY2027) vs ₹0 (Q1 FY2026) vs ₹(2.72) (Q4 FY2026) [reversal]
- Profit before tax from continuing operations: ₹14.05 (Q1 FY2027) vs ₹10.09 (Q1 FY2026) vs ₹12.37 (Q4 FY2026)
- Tax expense: ₹5.16 current tax + ₹(1.53) deferred tax = ₹3.63 net (Q1 FY2027)
- Profit from continuing operations: ₹10.42 (Q1 FY2027) vs ₹7.36 (Q1 FY2026) vs ₹9.24 (Q4 FY2026)
- Profit from discontinued operations: ₹0.07 (Q1 FY2027) vs ₹(0.04) (Q1 FY2026) vs ₹(0.02) (Q4 FY2026)
- Net profit: ₹10.49 (Q1 FY2027) vs ₹7.32 (Q1 FY2026) vs ₹9.22 (Q4 FY2026)
- Total comprehensive income: ₹10.26 (Q1 FY2027) vs ₹7.33 (Q1 FY2026) vs ₹10.86 (Q4 FY2026)
Capital Structure
- Paid-up equity share capital: ₹29.83 crores (face value ₹5 per share)
- Reserves: Not quantified for current quarter
Earnings Per Share (₹)
- From continuing operations (basic/diluted): ₹1.75 (Q1 FY2027) vs ₹1.23 (Q1 FY2026) vs ₹1.55 (Q4 FY2026)
- From discontinued operations (basic/diluted): ₹0.01 (Q1 FY2027) vs ₹(0.01) (Q1 FY2026) vs ₹(0.00) (Q4 FY2026)
- Total (basic/diluted): ₹1.76 (Q1 FY2027) vs ₹1.22 (Q1 FY2026) vs ₹1.55 (Q4 FY2026)
Segment-wise Performance (Standalone)
- Television and other media operations revenue: ₹206.22 crores (Q1 FY2027)
- Radio broadcasting revenue (discontinued): ₹2.79 crores (Q1 FY2027)
- Segment results - Television: ₹13.19 crores profit (Q1 FY2027)
- Un-allocable expenses: ₹4.64 crores (Q1 FY2027)
- Un-allocable income: ₹5.98 crores (Q1 FY2027)
Consolidated Financial Results (₹ in crores, unless stated)
Income Statement
- Revenue from operations: ₹206.22 (Q1 FY2027) vs ₹197.19 (Q1 FY2026) vs ₹213.47 (Q4 FY2026)
- Other income: ₹6.44 (Q1 FY2027) vs ₹10.64 (Q1 FY2026) vs ₹13.56 (Q4 FY2026)
- Total income: ₹212.66 (Q1 FY2027) vs ₹207.83 (Q1 FY2026) vs ₹227.03 (Q4 FY2026)
Expenses
- Production cost: ₹25.45 (Q1 FY2027) vs ₹22.64 (Q1 FY2026) vs ₹34.41 (Q4 FY2026)
- Employee benefits expense: ₹88.79 (Q1 FY2027) vs ₹88.04 (Q1 FY2026) vs ₹87.50 (Q4 FY2026)
- Finance costs: ₹0.48 (Q1 FY2027) vs ₹0.49 (Q1 FY2026) vs ₹0.64 (Q4 FY2026)
- Depreciation and amortization: ₹8.01 (Q1 FY2027) vs ₹7.68 (Q1 FY2026) vs ₹7.89 (Q4 FY2026)
- Other expenses: ₹76.19 (Q1 FY2027) vs ₹78.98 (Q1 FY2026) vs ₹87.00 (Q4 FY2026)
- Total expenses: ₹198.92 (Q1 FY2027) vs ₹197.83 (Q1 FY2026) vs ₹217.44 (Q4 FY2026)
Profitability
- Profit before exceptional items and tax: ₹13.74 (Q1 FY2027) vs ₹10.00 (Q1 FY2026) vs ₹9.59 (Q4 FY2026)
- Exceptional items: ₹0 (Q1 FY2027) vs ₹0 (Q1 FY2026) vs ₹(2.72) (Q4 FY2026) [reversal]
- Profit before tax from continuing operations: ₹13.74 (Q1 FY2027) vs ₹10.00 (Q1 FY2026) vs ₹12.31 (Q4 FY2026)
- Tax expense: ₹5.16 current tax + ₹(1.53) deferred tax = ₹3.63 net (Q1 FY2027)
- Profit from continuing operations: ₹10.11 (Q1 FY2027) vs ₹7.26 (Q1 FY2026) vs ₹9.07 (Q4 FY2026)
- Profit from discontinued operations: ₹0.15 (Q1 FY2027) vs ₹0.09 (Q1 FY2026) vs ₹(0.05) (Q4 FY2026)
- Net profit: ₹10.26 (Q1 FY2027) vs ₹7.35 (Q1 FY2026) vs ₹9.02 (Q4 FY2026)
- Total comprehensive income: ₹10.03 (Q1 FY2027) vs ₹7.36 (Q1 FY2026) vs ₹7.27 (Q4 FY2026)
Earnings Per Share (₹)
- From continuing operations (basic/diluted): ₹1.69 (Q1 FY2027) vs ₹1.22 (Q1 FY2026) vs ₹1.52 (Q4 FY2026)
- From discontinued operations (basic/diluted): ₹0.03 (Q1 FY2027) vs ₹0.01 (Q1 FY2026) vs ₹(0.01) (Q4 FY2026)
- Total (basic/diluted): ₹1.72 (Q1 FY2027) vs ₹1.23 (Q1 FY2026) vs ₹1.51 (Q4 FY2026)
Significant Notes to Financial Results
1. Discontinued Operations - Radio Business Sale
- On February 25, 2025, company entered MoU with Creative Channel Advertising for sale of FM Radio operations
- MoU terminated in Q3 FY2026 when Creative withdrew from transaction; advance forfeited
- On November 25, 2025, entered new MoU with Abhijit Realtors for sale of Radio business for ₹10 crores
- Two-step structure: Transfer radio business to Vibgyor Broadcasting (wholly-owned subsidiary), then transfer Vibgyor shares to Abhijit Realtors
- Received in-principle approval from MIB; GOPA novated to Vibgyor on January 7, 2026
- WPC approved migration of Wireless Operating Licence on April 2, 2026
- Assets classified as disposal group held for sale as of June 30, 2026
- Impairment loss of ₹9.63 crores recognized during FY2026
2. Exceptional Items - Labour Code Impact
- Government notified four Labour Codes on November 21, 2025
- Company initially assessed incremental impact at ₹12.18 crores in Q3 FY2026
- Detailed assessment completed in previous quarter after Central Rules notified on May 8, 2026
- Final impact determined at ₹9.46 crores at year-end
- Expense reversal of ₹2.72 crores recorded as exceptional item due to realignment of compensation structure
3. Subsidiaries Included in Consolidation
- Mail Today Newspapers Private Limited
- TV Today Network (Business) Limited
- Vibgyor Broadcasting Private Limited
- Romesh Films Private Limited
4. Auditor Review
- S.R. Batliboi & Associates LLP conducted limited review of both standalone and consolidated results
- Review conducted under SRE 2410 issued by ICAI
- No material misstatement found in the financial results