TV Today Network posts Q1 revenue of ₹206 crore, profit of ₹10.3 crore

TV Today Network Ltd reported an improvement in sequential profitability for the quarter ended June 30, 2026, even as the broadcaster continued its strategic exit from the FM radio business through a series of restructuring transactions.

The company on Wednesday reported consolidated revenue from operations of ₹206.22 crore for the first quarter of FY27, while total income stood at ₹212.66 crore, according to its unaudited financial results approved by the board.

Consolidated net profit stood at ₹10.26 crore, compared with ₹9.02 crore in the preceding January-March quarter. However, profit declined from ₹14.35 crore reported in the corresponding quarter last year, reflecting a higher base and the impact of one-time accounting adjustments related to its radio business.

Profit before tax came in at ₹13.74 crore, while basic and diluted earnings per share stood at ₹1.72 each.

On a standalone basis, revenue from operations stood at ₹206.22 crore, compared with ₹213.47 crore in the preceding quarter and ₹197.19 crore a year earlier. Standalone net profit rose to ₹10.49 crore from ₹9.22 crore in the March quarter and ₹7.32 crore in the year-ago period. Profit before tax nearly doubled sequentially to ₹14.05 crore, while earnings per share increased to ₹1.76.

Radio exit gathers momentum

The quarter also marked further progress in TV Today Network's plan to exit the FM radio business, a move that has been underway over the past few years as the company sharpens its focus on its core television and digital operations.

The broadcaster disclosed that it has entered into definitive agreements for the sale of its radio business, including Ishq FM, to Vibgyor Broadcasting Pvt. Ltd. Separately, it has signed agreements with AB Infrabiz Properties Pvt. Ltd. for the sale of FM radio towers and related infrastructure. The transactions remain subject to the receipt of statutory and regulatory approvals.

Pending completion of these transactions, the radio business has been classified as assets held for sale, with its financial performance presented separately as discontinued operations in accordance with applicable accounting standards.

As part of the restructuring, the company recognised an impairment loss of about ₹9.63 crore relating to the radio business during the period. The notes to the accounts also referred to an exceptional expense of approximately ₹2.72 crore recognised in an earlier period following changes arising from the implementation of India's new labour codes, which has been disclosed for comparative purposes.

Television remains the growth driver

Segment disclosures underline the broadcaster's increasing dependence on its television operations. The television and other media operations segment generated ₹206.22 crore in revenue during the quarter and reported a segment profit of ₹12.88 crore, accounting for virtually all of the group's operating earnings.

The radio broadcasting segment contributed only ₹2.79 crore in revenue and ₹0.21 crore in segment profit, underscoring its diminishing contribution ahead of the proposed divestment.

The company has increasingly focused on strengthening its television news and digital portfolio while rationalising non-core businesses. TV Today Network operates leading news brands including Aaj Tak, India Today Television and Good News Today.

TV Today's latest quarterly performance comes as broadcasters continue to navigate a challenging advertising environment marked by cautious corporate spending and increasing competition from digital platforms. Even as linear television advertising remains under pressure, the company is streamlining its business by exiting non-core assets and concentrating resources on its flagship television and digital news brands.