Madhya Pradesh Today Media Limited (MPTODAY)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Madhya Pradesh's revenue was ₹12.6 Cr (-7.8% year on year, +10.5% on the previous half-year), and net profit ₹1.5 Cr (-24.9% year on year); the operating margin was 14.3%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹12.6 | -7.8% | +10.5% |
| Operating profit | ₹1.8 | -26.5% | -24.7% |
| Net profit | ₹1.5 | -24.9% | +6.9% |
| EPS (₹) | 3.37 | -24.9% | +7.0% |
| Operating margin | 14.3% | — | — |
📢 Recent Corporate Announcements
Madhya Pradesh Today Media Limited has submitted a disclosure under Regulation 36(1)(b) of SEBI Listing Regulations on September 5, 2026. The company informed that it has dispatched physical communication letters to shareholders whose email addresses are not registered, detailing where the Annual Report for FY 2025-26 can be accessed. This is a standard statutory compliance filing with no impact on business operations or financials.
- Dispatched letters to shareholders without registered email addresses on September 5, 2026
- Notice provides details on accessing the Annual Report for FY 2025-26
- Filing made pursuant to Regulation 36(1)(b) and Regulation 30 of SEBI LODR Regulations
Madhya Pradesh Today Media Limited has issued notice for its 16th Annual General Meeting (AGM) scheduled on Tuesday, September 29, 2026, via Video Conferencing. The record/cut-off date for remote e-voting eligibility is September 22, 2026, with the remote voting window open between September 26 and September 28, 2026. Key agenda items include adopting the audited financial statements for FY 2025-26 and the reappointment of Whole Time Director Mr. Shantanu Dixit (holding 26.93% equity) retiring by rotation.
- 16th Annual General Meeting scheduled for September 29, 2026 at 4:30 PM IST via VC/OAVM
- Cut-off date for determining e-voting eligibility set as September 22, 2026
- Remote e-voting open from September 26 (9:00 AM) to September 28, 2026 (5:00 PM)
- Share transfer books and register of members closed from September 23 to September 29, 2026
- Director Shantanu Dixit holding 12,29,960 shares (26.93%) seeks reappointment upon retirement by rotation
Madhya Pradesh Today Media Limited announced the closure of its Share Transfer Books and Register of Members from September 23, 2026, to September 29, 2026 (both days inclusive). The closure is in connection with the company's 16th Annual General Meeting (AGM) scheduled for Tuesday, September 29, 2026. The Board approved these dates in its meeting held on September 2, 2026. This is a standard annual compliance requirement under Regulation 42 of SEBI LODR Regulations.
- 16th Annual General Meeting scheduled for Tuesday, September 29, 2026
- Share Transfer Books and Register of Members closed from September 23 to September 29, 2026
- Board approval for the book closure dates was granted on September 2, 2026
- Filing submitted under Regulation 42 of SEBI (LODR) Regulations, 2015
Madhya Pradesh Today Media Limited has scheduled its 16th Annual General Meeting (AGM) for Tuesday, September 29, 2026, at 4:30 PM IST via Video Conferencing. The cut-off date to determine voting eligibility is set for Tuesday, September 22, 2026. The remote e-voting window will open on September 26, 2026 (9:00 AM IST) and close on September 28, 2026 (5:00 PM IST). This is a routine statutory intimation without financial or operational updates.
- 16th Annual General Meeting scheduled for September 29, 2026, at 4:30 PM IST via Video Conferencing
- Cut-off date for determining shareholder voting rights fixed as September 22, 2026
- Remote e-voting window opens on September 26, 2026 (9:00 AM IST) and concludes on September 28, 2026 (5:00 PM IST)
Madhya Pradesh Today Media Limited has announced the resignation of Shantanu Dixit from the post of Chief Financial Officer (CFO) with immediate effect. The resignation was tendered citing personal reasons and pre-occupation with other assignments, with no other material reasons stated. Dixit served as Whole Time Director and CFO of the company, which reported TTM revenue of ₹46 Cr and a market capitalization of ₹19 Cr. The board will need to appoint a successor to oversee the company's financial operations.
- Shantanu Dixit resigned as Chief Financial Officer with immediate effect.
- Stated reason for resignation is personal and pre-occupation with other assignments.
- Confirmation provided that there are no other material reasons for the departure.
- Appointment of a replacement CFO was not disclosed in the filing.
Madhya Pradesh Today Media Limited announced the resignation of Mr. Shantanu Dixit as Chief Financial Officer effective close of business on September 2, 2026, citing personal reasons. The Board has appointed Mr. Kaustubh Dixit as the new Chief Financial Officer and Key Managerial Personnel with effect from September 2, 2026. Both the incoming and outgoing CFOs are sons of Managing Director Mr. Hradayesh Kumar Dixit. The transition occurs in a microcap media firm with TTM revenues of Rs 46 Cr and a market capitalization of Rs 19 Cr.
- Mr. Shantanu Dixit resigned as Chief Financial Officer effective September 2, 2026.
- Mr. Kaustubh Dixit appointed as Chief Financial Officer effective September 2, 2026.
- Incoming CFO holds a BMBS in Finance from Daly College Business School (2016).
- Both incoming and outgoing CFOs are sons of Managing Director Mr. Hradayesh Kumar Dixit.
Madhya Pradesh Today Media Limited has appointed Mr. Kaustubh Dixit as Chief Financial Officer (CFO) and Key Managerial Personnel effective September 2, 2026. This follows the resignation of Mr. Shantanu Dixit from the CFO role on September 2, 2026, citing personal reasons. Both the incoming and outgoing CFOs are sons of Managing Director Hradayesh Kumar Dixit. The company currently operates with a market cap of ₹19 Cr and TTM revenue of ₹46 Cr.
- Mr. Kaustubh Dixit appointed as CFO and KMP effective September 2, 2026
- Mr. Shantanu Dixit resigned from the CFO position with effect from close of business hours on September 2, 2026
- Incoming CFO holds a BMBS in Finance from Daly College Business School (DMU, Leicester) completed in 2016
- Both incoming and outgoing CFOs are sons of Managing Director Mr. Hradayesh Kumar Dixit
Madhya Pradesh Today Media Limited announced the appointment of Mr. Kaustubh Dixit as Chief Financial Officer (KMP) effective September 2, 2026, following the resignation of Ms. Shantanu Dixit. The Board also scheduled the 16th Annual General Meeting (AGM) for September 29, 2026, via video conferencing. The cut-off date for e-voting eligibility has been set for September 22, 2026, with the register of members closed from September 23 to September 29, 2026.
- Resignation of Ms. Shantanu Dixit and appointment of Mr. Kaustubh Dixit as CFO effective September 2, 2026
- 16th Annual General Meeting scheduled for Tuesday, September 29, 2026, at 4:30 PM IST via VC/OAVM
- E-voting cut-off date fixed as September 22, 2026
- Book closure period scheduled from September 23, 2026, to September 29, 2026 (both days inclusive)
Financial Performance
Revenue Growth by Segment
Total revenue grew 0.64% YoY to INR 2169.56 Lakhs in FY 2024-25 from INR 2155.70 Lakhs. Specific segment splits for circulation and advertisement income are not provided, though both are identified as primary revenue drivers.
Geographic Revenue Split
Not disclosed in available documents, though operations are primarily concentrated in Madhya Pradesh with headquarters in Bhopal.
Profitability Margins
Net Profit After Tax (NPAT) margin improved to 14.70% in FY 2024-25 from 11.72% in FY 2023-24. This was driven by a 26.21% increase in NPAT to INR 318.85 Lakhs despite flat revenue growth.
EBITDA Margin
Not explicitly disclosed, but Net Profit Before Tax (NPBT) grew 4.30% to INR 375.75 Lakhs, representing a 17.32% margin on total revenue.
Operational Drivers
Raw Materials
Newsprint is the primary raw material. While its exact percentage of total cost is not disclosed, the company notes that moderated newsprint prices are a key factor in mitigating revenue de-growth.
Raw Material Costs
The company benefited from moderated newsprint prices in FY 2024-25, which helped offset the impact of industry-wide revenue stagnation.
Manufacturing Efficiency
Efficiency is managed through 'saving in pages per copy' and optimizing manpower plans based on functional requirements.
Logistics & Distribution
Distribution is handled through an extensive unique network of agents and vendors offering door-to-door delivery services.
Strategic Growth
Growth Strategy
Growth is pursued through hyper-localization of content, multi-edition newspapers with regional supplements to attract local advertisers, and expansion into small cities and towns. The company is also enhancing digital capabilities to adapt to changing media consumption patterns.
Products & Services
Daily vernacular newspapers (print), e-paper (digital), and advertisement slots for local and national advertisers.
Brand Portfolio
Pradesh Today
New Products/Services
Expansion of digital presence through the e-paper platform (epaper.pradeshtoday.com) and enhanced technological capabilities.
Market Expansion
Expansion into small cities and towns through vernacular editions to capture local advertisement markets.
External Factors
Industry Trends
The print industry is experiencing revenue de-growth but is mitigating this through lower newsprint costs and hyper-localization. India's M&E sector grew 3.3% to INR 2,502 bn in CY 2024, indicating a shift toward regional content.
Competitive Landscape
The industry is seeing consolidation; the company competes with other vernacular and national newspapers for local advertisement shares.
Competitive Moat
The company utilizes a unique multi-tiered distribution chain of agents and vendors for door-to-door delivery. This creates a high barrier to entry for competitors because establishing a similar physical logistics network in regional Madhya Pradesh is capital-intensive and requires long-term local relationships.
Macro Economic Sensitivity
Highly sensitive to macroeconomic conditions as they directly influence advertisement revenue growth; the M&E sector growth moderated to 3.3% in CY 2024 from 8.3% in CY 2023.
Consumer Behavior
Shift toward digital media consumption patterns is a noted risk, prompting the company to invest in digital capabilities and e-paper offerings.
Regulatory & Governance
Industry Regulations
Compliance with the Sexual Harassment of Women at Workplace Act, 2013, and standard Companies Act provisions regarding director remuneration and internal financial controls.
Taxation Policy Impact
The effective tax rate for FY 2024-25 was approximately 15.14% based on NPBT of INR 375.75 Lakhs and NPAT of INR 318.85 Lakhs.
Legal Contingencies
The company has disclosed pending litigations in its financial statements. These are significant because they could result in future cash outflows or impact the company's financial position, although specific case values in INR were not provided in the summary.
Risk Analysis
Key Uncertainties
Key risks include adverse macroeconomic conditions impacting revenue growth, technological changes impacting media consumption patterns, and supply chain volatility for newsprint.
Geographic Concentration Risk
Operations are heavily concentrated in Madhya Pradesh, making the company sensitive to regional economic and political developments.
Third Party Dependencies
High dependency on newsprint suppliers and the network of independent distribution agents and vendors.
Technology Obsolescence Risk
High risk due to the rapid shift from print to digital media; the company is mitigating this by enhancing technological capabilities and digital presence.
