TV Today Network Ltd reported a sequential improvement in profitability for the quarter ended June 30, 2026, while advancing its strategic exit from the FM radio business through a series of restructuring transactions aimed at strengthening its focus on television and digital news.
The company reported consolidated revenue from operations of Rs 206.22 crore for the first quarter of FY27, while total income stood at Rs 212.66 crore, according to its unaudited financial results approved by the board on Wednesday.
Consolidated net profit rose to Rs 10.26 crore from Rs 9.02 crore in the January-March quarter. However, it declined from Rs 14.35 crore in the corresponding quarter last year, largely due to a higher base and one-time accounting adjustments linked to the restructuring of its radio business.
Profit before tax stood at Rs 13.74 crore, while basic and diluted earnings per share came in at Rs 1.72 each.
On a standalone basis, revenue from operations was Rs 206.22 crore, compared with Rs 213.47 crore in the preceding quarter and Rs 197.19 crore in the year-ago period. Standalone net profit increased to Rs 10.49 crore from Rs 9.22 crore in the March quarter and Rs 7.32 crore a year earlier. Profit before tax nearly doubled sequentially to Rs 14.05 crore, with earnings per share rising to Rs 1.76.
Radio business divestment progresses
During the quarter, TV Today Network made further progress in exiting the FM radio business, a strategy it has pursued over the past few years to sharpen its focus on its core television and digital operations.
The company said it has entered into definitive agreements to sell its radio business, including Ishq FM, to Vibgyor Broadcasting Pvt. Ltd. It has also signed agreements with AB Infrabiz Properties Pvt. Ltd. for the sale of its FM radio towers and related infrastructure. The proposed transactions are subject to statutory and regulatory approvals.
Pending completion of the sale, the radio business has been classified as assets held for sale, with its financial performance reported separately as discontinued operations in line with applicable accounting standards.
As part of the restructuring, the company recognised an impairment loss of approximately Rs 9.63 crore related to the radio business during the quarter. The financial statements also referred to an exceptional expense of around Rs 2.72 crore recognised in an earlier period following changes arising from the implementation of India's new labour codes, disclosed for comparative purposes.
Television business drives earnings
Segment-wise performance highlighted the company's increasing dependence on its television operations.
The television and other media operations segment generated revenue of Rs 206.22 crore during the quarter and reported a segment profit of Rs 12.88 crore, accounting for nearly all of the group's operating earnings.
In contrast, the radio broadcasting segment contributed just Rs 2.79 crore in revenue and Rs 0.21 crore in segment profit, underscoring its shrinking role ahead of the proposed divestment.
TV Today Network has continued to strengthen its television news and digital portfolio while rationalising non-core businesses. The company operates news brands including Aaj Tak, India Today Television and Good News Today.
The latest quarterly performance comes amid a challenging advertising environment for broadcasters, with corporate advertising spending remaining cautious and competition from digital platforms intensifying. By exiting its radio business and streamlining operations, the company is looking to sharpen its focus on its flagship television and digital news brands while improving operational efficiency.
