Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended 30th September 2026 (Q2 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015
Date of Board Meeting / Approval: 28th October 2026
Audit Opinion: Unqualified (Limited Review Report states no material misstatement)
Auditor’s Comment: Statutory Auditors (BSR & Co. LLP) issued a limited review report with no modifications.
Key Financial Highlights [All figures in ₹ lakhs]
Consolidated Results:
Revenue from Operations: ₹93,836.98 (Q2 FY27); ₹91,707.34 (Q1 FY27); ₹87,731.61 (Q2 FY26) - 7% YoY growth
Total Income: ₹94,656.58 (Q2 FY27); ₹92,238.68 (Q1 FY27); ₹88,784.36 (Q2 FY26)
EBITDA: Not explicitly disclosed
Net Profit: ₹4,171.23 (Q2 FY27); ₹5,638.26 (Q1 FY27); ₹4,755.32 (Q2 FY26) - 12.3% decline QoQ, 12.3% decline YoY
EPS (Basic): ₹2.49 (Q2 FY27); ₹3.37 (Q1 FY27); ₹2.85 (Q2 FY26)
Other Equity: ₹1,67,926.74 (as of 30 Sep 2026); ₹1,61,452.89 (as of 31 Mar 2026)
Cash and Cash Equivalents: ₹24,267.18 (as of 30 Sep 2026); ₹33,354.45 (as of 31 Mar 2026)
Debt: Short-term borrowings: ₹12,963.23; Lease liabilities (Current + Non-current): ₹29,611.59
Half-Yearly Consolidated Performance (YTD Sept 2026):
Revenue from Operations: ₹1,85,544.32 vs ₹1,69,105.32 (YTD Sept 2025) - 9.7% growth
Net Profit: ₹9,809.49 vs ₹8,518.51 (YTD Sept 2025) - 15.2% growth
Standalone Results:
Revenue from Operations: ₹17,742.06 (Q2 FY27); ₹15,752.12 (Q1 FY27); ₹13,994.44 (Q2 FY26) - 26.8% YoY growth
Total Income: ₹23,725.96 (Q2 FY27); ₹16,247.99 (Q1 FY27); ₹20,256.39 (Q2 FY26)
Net Profit: ₹7,431.51 (Q2 FY27); ₹1,328.03 (Q1 FY27); ₹6,685.73 (Q2 FY26) - 459.5% growth QoQ, 11.2% growth YoY
EPS (Basic): ₹4.44 (Q2 FY27); ₹0.79 (Q1 FY27); ₹4.02 (Q2 FY26)
Other Equity: ₹88,544.26 (as of 30 Sep 2026); ₹84,162.83 (as of 31 Mar 2026)
Cash and Cash Equivalents: ₹3,249.22 (as of 30 Sep 2026); ₹3,681.31 (as of 31 Mar 2026)
Debt: Short-term borrowings: ₹12,963.23
Segment-wise Performance [₹ lakhs]:
Segment Revenue (Q2 FY27):
- United States of America: ₹55,847.02
- United Kingdom: ₹25,781.09
- India: ₹18,331.61
- Europe (excl. UK): ₹11,186.17
- Rest of world: ₹14,819.16
Segment Results Profit Before Tax and Interest (Q2 FY27):
- United States of America: ₹2,828.29
- United Kingdom: ₹4,441.58
- India: ₹7,393.87
- Europe (excl. UK): (₹538.14) Loss
- Rest of world: ₹6,022.33
Corporate Actions:
Dividend: Declared 2nd Interim Dividend of ₹1.50 per equity share (face value ₹2) for FY 2026-27. This is in addition to a previous interim dividend of ₹1.50 per share, making a total dividend of ₹3.00 per share declared during the current period.
Record Date: Wednesday, 04th November 2026. Dividend to be paid within 30 days from declaration.
ESOP / RSU Grant: Granted 8,018 Restricted Stock Units (RSUs) convertible into an equal number of equity shares (face value ₹2) under VGL RSU Plan – 2019.
- Exercise Price: ₹2 per unit
- Vesting Schedule: 20% after 1st year, 30% after 2nd year, 50% after 3rd year.
- Exercise Period: 3 months from the date of respective vesting.
Share Allotment: Allotted 600,232 equity shares (face value ₹2) from 01 April 2026 to 30 September 2026 under various ESOP schemes at exercise prices ranging from ₹2.00 - ₹188.95.
Other Significant Information:
Major Expense: Content and broadcasting expenses were a significant component of Other Expenses, amounting to ₹20,459.94 lakhs for Q2 FY27.
Cash Flow: Consolidated net cash from operating activities for YTD Sept 2026 was ₹2,356.89 lakhs, a significant decrease from ₹6,804.52 lakhs in the prior year period. This was primarily due to a large increase in inventories (₹11,429.97 lakhs).