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New Delhi Television Limited (NDTV)

₹65.16 -0.28% last close, 16 Oct

📊 NSE: NDTV 🏢 Entertainment / Electronic Media Software 📢 Latest filing: 06 Oct 2026 📝 Analysis written: 14 Dec 2025

Q2 FY27 results

📅 Next results: 26 Oct 2026 (board meeting)

New Delhi Television Limited's board meets on 26 Oct 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, New Delhi's revenue was ₹117 Cr (+8.5% year on year, -20.8% on the previous quarter), and net profit ₹-81.9 Cr (a bigger loss than a year earlier); the operating margin was -57.8%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹117	+8.5%	-20.8%
Operating profit	₹-67.7	loss widened	loss narrowed
Net profit	₹-81.9	loss widened	loss narrowed
EPS (₹)	-7.24	loss widened	loss narrowed
Operating margin	-57.8%	—	—

Full quarterly financials → Results calendar →

NDTV delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 49.31% of the NDTV shares traded on NSE were taken to delivery, against the stock's own 20-session average of 55.06%. That is close to its usual level. Turnover was only ₹49 lakh, so a handful of trades can move this figure.

49.31%Delivery, 16 Oct

55.06%Own 20-session average

1.2×Volume vs its average

₹65.16NSE close · -0.28%

Delivery in the last 5 sessions: 44.8% · 49.0% · 58.1% · 59.6% · 49.3%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

NDTV Submits Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 06 Oct 2026, 06:54 PM

New Delhi Television Limited (NDTV) has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period from July 1, 2026 to September 30, 2026. The certificate was issued by NDTV's Registrar and Share Transfer Agent, KFIN Technologies Limited. KFIN confirmed that all dematerialization requests received during the quarter were processed within 15 days of receipt. This is a standard regulatory filing with zero impact on operations or financials.

Covers the quarter ended September 30, 2026 (July 1, 2026 to September 30, 2026)
Demat requests processed within the mandated timeline of 15 days
Issued by Registrar and Share Transfer Agent KFIN Technologies Limited on October 6, 2026

💡 No action is required as this is a procedural filing. Investors should monitor NDTV's upcoming Q2 FY27 earnings release for operational and financial performance updates.

CARE Ratings Reaffirms NDTV's Bank Facilities Rating at 'CARE A-; Stable / CARE A2'

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Aug 2026, 06:26 PM

CARE Ratings Limited has reaffirmed the credit ratings for New Delhi Television Limited's (NDTV) bank facilities totaling Rs 125.78 crore. The long-term bank facilities of Rs 110.78 crore retained the 'CARE A-; Stable' rating. Short-term bank facilities of Rs 15.00 crore were reaffirmed at 'CARE A2'. The reaffirmation indicates stable creditworthiness across rated debt lines despite company-level net losses.

CARE Ratings reaffirmed 'CARE A-; Stable' for Rs 110.78 crore in long-term bank facilities
CARE Ratings reaffirmed 'CARE A2' for Rs 15.00 crore in short-term bank facilities
Total bank facilities rated under the review stand at Rs 125.78 crore
Credit rating letter received on August 18, 2026 and disclosed on August 19, 2026

💡 Track the company's operating performance and cash flow generation in upcoming quarterly results, as operating losses (TTM PAT of Rs -335 Cr) remain a key monitorable for long-term credit stability.

NDTV Signs Agreement to Acquire GoodTimes Channel Assets for up to ₹18 Cr

🟡 NEUTRAL ⭐ 6/10

M&A 📅 17 Aug 2026, 04:47 PM

NDTV has entered into an Asset Purchase Agreement with its joint venture entity, Lifestyle & Media Broadcasting Limited, to acquire the business undertaking of the lifestyle channel 'GoodTimes'. The transaction involves a lumpsum consideration of up to ₹18 crore on a cash-free, debt-free basis, payable through a mix of cash and television advertising inventory. The acquisition includes all broadcasting licenses, content, intellectual property, advertiser contracts, and goodwill. The deal value represents ~3.35% of NDTV's TTM revenue (₹537 crore) and is targeted for closing within approximately 3 months, subject to Ministry of Information and Broadcasting (MIB) approval.

Entered Asset Purchase Agreement to acquire 'GoodTimes' channel undertaking for up to ₹18 crore.
Consideration structured as a combination of cash and television advertising inventory.
Acquiring all business licenses, advertiser contracts, digital assets, content, and brand goodwill.
Completion targeted within ~3 months, subject to statutory approval from the Ministry of Information and Broadcasting (MIB).

💡 Track receipt of approval from the Ministry of Information and Broadcasting (MIB) and execution updates over the targeted 3-month closing window.

NDTV Rebrands Flagship English News Channel to 'NDTV' Effective August 15, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Aug 2026, 06:04 PM

New Delhi Television Limited (NDTV) announced that the Ministry of Information and Broadcasting (MIB) approved the change of name and logo of its English news channel from 'NDTV 24x7' to 'NDTV' via letter dated August 13, 2026. The rebranded channel will begin broadcasting under the new name effective from 7:00 p.m. on August 15, 2026. This administrative rebranding aligns the TV channel identity with the master brand, though the company continues to face severe operational losses with TTM PAT at Rs -335 Cr on TTM revenue of Rs 537 Cr.

MIB permission received vide letter dated August 13, 2026
English news channel renamed and rebranded from 'NDTV 24x7' to 'NDTV'
Name and logo change takes effect at 7:00 p.m. on August 15, 2026

💡 Track whether brand consolidation improves viewership ratings and ad-tier pricing, while watching upcoming quarterly results for signs of operational turnaround amid negative net worth.

NDTV Q1 Results: Consolidated Net Loss Widens to ₹81.88 Cr; Revenue Up 9% YoY to ₹117.23 Cr

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 21 Jul 2026, 06:13 PM

NDTV reported a consolidated revenue of ₹117.23 Cr for Q1 FY27, an 8.9% increase from ₹107.65 Cr in the same quarter last year. However, the company continues to face significant operational challenges, with a net loss of ₹81.88 Cr, widening from a loss of ₹70.31 Cr YoY. Total expenses at ₹201.56 Cr far exceeded total income of ₹119.96 Cr, driven by high marketing and distribution costs. The company's financial position remains strained with a negative net worth of ₹-29 Cr and TTM debt of ₹360 Cr.

Consolidated revenue from operations grew 8.9% YoY to ₹117.23 Cr, though it declined 20.8% sequentially from Q4 FY26.
Net loss for the quarter widened to ₹81.88 Cr compared to a loss of ₹70.31 Cr in the year-ago period.
Marketing, distribution, and promotional expenses remained high at ₹56.43 Cr, accounting for 48% of operating revenue.
Total expenses of ₹201.56 Cr represent 172% of the company's operating revenue for the quarter.
The acquisition of 'GoodTimes' channel remains pending regulatory approval from the Ministry of Information and Broadcasting.

💡 Investors should monitor the company's ability to narrow operational losses and the timeline for regulatory approval of the 'GoodTimes' acquisition. The negative net worth and high debt levels necessitate a cautious watch on capital infusion or restructuring plans.

NDTV Extends Timeline for 'GoodTimes' Channel Acquisition by 3 Months

🔵 WATCH ⭐ 7/10

M&A 📅 17 Jul 2026, 07:50 PM

NDTV has announced a delay in the acquisition of the 'GoodTimes' channel business from Lifestyle & Media Broadcasting Limited. Originally disclosed on June 18, 2026, the transaction is now expected to take an additional 3 months to complete due to ongoing discussions on transaction-related matters. This acquisition comes at a time when NDTV is reporting significant financial stress, including a TTM loss of ₹323 Cr and a negative net worth of ₹29 Cr. The deal remains subject to regulatory approvals and customary conditions.

Completion timeline for the 'GoodTimes' acquisition extended by approximately 3 months
Original acquisition disclosure was made on June 18, 2026
NDTV reported a TTM net loss of ₹323 Cr and negative OPM of -49.4%
Company net worth stands at ₹-29 Cr against a debt of ₹360 Cr
Acquisition is part of a strategy to expand into digital and lifestyle content beyond core news

💡 Investors should monitor the final acquisition cost and funding source, given the company's negative net worth and existing debt of ₹360 Cr.

NDTV Submits Quarterly Share Dematerialization Compliance Certificate for June 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jul 2026, 07:23 PM

NDTV has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by Registrar KFIN Technologies Limited, confirms that all dematerialization requests received between April 1, 2026, and June 30, 2026, were processed within the mandated 15-day timeframe. This involves the cancellation of physical certificates and updating the register of members for electronic holdings. This is a standard administrative filing with no impact on business operations or financials.

Confirmation of compliance for the quarter ended June 30, 2026
Dematerialization requests processed within 15 days of receipt
Physical security certificates mutilated and cancelled after due verification
Registrar and Share Transfer Agent (RTA) confirmed as KFIN Technologies Limited

💡 No action is required as this is a routine procedural filing confirming the company's adherence to share registry regulations.

NDTV Trading Window to Close from July 1, 2026, for Q1 FY27 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Jun 2026, 06:46 PM

NDTV has announced the closure of its trading window for all designated persons starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is in anticipation of the unaudited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are publicly declared. This is a standard administrative procedure and does not indicate any operational shift.

Trading window closure effective from July 1, 2026
Closure pertains to the financial results for the quarter ended June 30, 2026
Window to reopen 48 hours after the declaration of unaudited financial results
Filing made in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015

💡 Watch for the announcement of the Q1 FY27 results date to assess if the company can narrow its TTM net loss of ₹323 crore.

NDTV Shareholders Approve FY26 Financials and Director Re-appointment at 38th AGM

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 26 Jun 2026, 07:44 PM

New Delhi Television Limited (NDTV) held its 38th Annual General Meeting on June 26, 2026, where all four proposed resolutions were passed with overwhelming majorities. The resolutions included the adoption of standalone and consolidated financial statements for FY26 and the re-appointment of Mr. Senthil Chengalvarayan as Director. Total voter turnout was approximately 69.26%, heavily supported by the promoter group which holds 77,875,267 shares. While retail participation was low, the company maintained strong internal consensus on all administrative matters.

All four resolutions passed with over 99.8% of total votes in favor.
Total voter turnout represented 69.26% of the 112.82 million outstanding shares.
Promoter group participation was 100%, voting unanimously in favor of all resolutions.
Resolution 4 regarding Cost Auditor remuneration saw the highest retail dissent at 41.92% within that specific category.
Public institutional participation remained very low at only 0.629% of their total holdings.

💡 No immediate action is required as the AGM results reflect standard corporate governance and administrative continuity. Investors should monitor future strategic shifts now that the FY26 accounts and board structure are formalized.

NDTV Concludes 38th Annual General Meeting with 155 Shareholders Attending via VC

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Jun 2026, 04:56 PM

New Delhi Television Limited (NDTV) successfully conducted its 38th Annual General Meeting (AGM) on June 26, 2026, via video conferencing. The company reported a total of 93,884 shareholders as of the cut-off date on June 19, 2026. During the meeting, which lasted 92 minutes, 155 shareholders participated virtually. Remote e-voting was conducted prior to the meeting, and final voting results on resolutions will be submitted to the exchanges separately.

38th Annual General Meeting held on June 26, 2026, via Video Conferencing
Total shareholder base recorded at 93,884 as of the June 19, 2026 cut-off date
155 shareholders attended the virtual meeting which concluded at 1:32 p.m.
Remote e-voting facility was provided from June 23 to June 25, 2026

💡 Investors should monitor the upcoming disclosure of voting results to see if all proposed resolutions were passed. Reviewing the AGM transcript on the company's website is recommended for insights into management's future outlook.

NDTV Update: GoodTimes Channel Acquisition Expected to Complete Within 1 Month

🔵 WATCH ⭐ 7/10

M&A 📅 18 Jun 2026, 06:44 PM

New Delhi Television Limited (NDTV) has provided an update on its proposed acquisition of the 'GoodTimes' channel from Lifestyle & Media Broadcasting Limited. The transaction, which has been under process since September 2025, is now expected to be finalized within approximately one month. The deal's completion remains subject to the receipt of necessary statutory and regulatory approvals and the fulfillment of customary conditions. This acquisition is a strategic move to bolster NDTV's lifestyle content portfolio.

Proposed acquisition of 'GoodTimes' channel from Lifestyle & Media Broadcasting Limited is currently underway.
The transaction is now expected to be completed within a further period of approximately 1 month.
This follows previous disclosures regarding the deal made on September 19, 2025, and March 20, 2026.
Final consummation is subject to applicable statutory and regulatory approvals.

💡 Investors should monitor the stock for the final completion notice within the next 30 days. The successful integration of the GoodTimes channel will be critical for NDTV's expansion into the lifestyle broadcasting segment.

SEBI Clears NDTV of Disclosure Violations; No Penalty Imposed in 2009 VCPL Case

🟢 POSITIVE ⭐ 7/10

REGULATORY 📅 02 Jun 2026, 03:33 PM

SEBI has disposed of adjudication proceedings against NDTV regarding alleged non-disclosure of 2009 loan arrangements involving VCPL and RRPR Holding. The regulator concluded that the company did not violate Regulation 30 of the SEBI Listing Regulations as previously alleged in a 2020 Show Cause Notice. Consequently, no monetary penalty has been imposed on the company, removing a long-standing regulatory overhang. This order confirms that the disclosure obligations alleged by SEBI did not arise under the specific facts of the case.

SEBI Adjudicating Officer passed an order on May 29, 2026, disposing of proceedings against NDTV.
The case originated from a Show Cause Notice dated January 22, 2020, regarding 2009 loan arrangements.
The regulator concluded no violation of Regulation 30 of SEBI Listing Regulations occurred.
Zero monetary penalty was imposed on the company following the investigation.
The company confirmed there is no financial or operational impact from this order.

💡 Investors should view this as a positive resolution of a legacy regulatory issue, reducing legal risk. No immediate action is required as there is no direct impact on current operations or financials.

NDTV Terminates Services of Chief Legal and Regulatory Officer Nikhil Guliani

🔵 WATCH ⭐ 4/10

MANAGEMENT 📅 30 May 2026, 02:06 PM

New Delhi Television Limited (NDTV) has informed the stock exchanges about the termination of Mr. Nikhil Guliani, who served as the Chief Legal and Regulatory Officer. The cessation of his services was effective from May 29, 2026, following a separation process. This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has not yet named a successor for this Senior Management Personnel (SMP) role.

Termination of Mr. Nikhil Guliani as Chief Legal and Regulatory Officer effective May 29, 2026.
The change is classified as a cessation of service upon separation of Senior Management Personnel.
Official notification was filed with BSE and NSE on May 30, 2026, under SEBI LODR regulations.
The exit involves a key role responsible for the company's legal and regulatory compliance framework.

💡 Investors should monitor the company's next appointment for the legal head role to ensure there is no disruption in regulatory compliance. No immediate impact on stock fundamentals is expected from this specific management exit.

NDTV Reports FY26 Turnover of ₹340.89 Cr; Net Worth Remains Negative at ₹29.09 Cr

🔵 WATCH ⭐ 6/10

ROUTINE 📅 29 May 2026, 09:41 PM

NDTV has released its Business Responsibility and Sustainability Report for FY 2025-26, reporting a total turnover of ₹340.89 crore. A critical point for investors is the company's negative net worth of ₹29.09 crore as of March 31, 2026, which exempts it from CSR obligations. The report also highlights a significant spike in employee turnover, which rose to 30.1% from 12.54% in the previous year. The company remains 100% focused on news broadcasting, with 4% of its revenue coming from international exports.

Total turnover for FY 2025-26 stood at ₹340.89 crore with 100% revenue from broadcasting.
Net worth remains negative at ₹29.09 crore as of March 31, 2026.
Employee turnover rate increased sharply to 30.1% in FY26, up from 12.54% in FY25.
Permanent workforce consists of 845 employees, with 23.6% female representation.
Identified financial prudence and reliance on large advertising deals as primary material risks.

💡 Investors should exercise caution due to the negative net worth and the sharp increase in employee attrition, which may signal internal instability. Monitor the company's progress in achieving financial turnaround and stabilizing its workforce under the current management.

NDTV Reports FY26 Revenue of ₹528.29 Cr, Up 13.6%; Sets AGM for June 26, 2026

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 29 May 2026, 09:35 PM

New Delhi Television Limited (NDTV) has released its Annual Report for FY 2025-26, scheduling its 38th AGM for June 26, 2026. The company reported a consolidated revenue of ₹528.29 crore, marking a 13.60% year-on-year growth. A significant capital milestone was achieved through a successful Rights Issue that raised ₹396.50 crore. Under Adani Group ownership, the network has expanded its digital reach to 45 million YouTube subscribers and 102 million total social media followers across 65 countries.

Consolidated revenue increased by 13.60% Y-o-Y to ₹528.29 crore for the financial year 2025-26.
Successfully raised ₹396.50 crore through a completed Rights Issue to fund infrastructure and expansion.
Digital footprint reached 45 million YouTube subscribers and 40 billion total video views across platforms.
NDTV 24x7 secured multiple Top-2 BARC rankings, reflecting improved viewership and editorial depth.
Launched 'NDTV Good Times' events vertical and expanded regional presence with NDTV Marathi and others.

💡 Investors should note the strong revenue growth and successful capital infusion which positions the company for digital-first expansion. Monitor the management's ability to convert high social media engagement into bottom-line profitability under the new leadership team.

View All NDTV Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Q2 FY26 revenue grew 14% over Q1 FY26 and 10% over Q2 FY25. Standalone revenue was INR 233.49 Cr in FY20, down 13.2% from INR 269.12 Cr in FY19. Consolidated revenue in FY18 was INR 436.56 Cr, a decline of 17.83% YoY.

Geographic Revenue Split

Not disclosed in available documents; however, the flagship NDTV 24x7 and NDTV India primarily serve the Indian domestic market with global digital reach via ndtv.com.

Profitability Margins

FY20 PAT margin was 5.5% (INR 13.03 Cr on INR 233.49 Cr revenue). FY19 PAT margin was 4.9% (INR 13.32 Cr on INR 269.94 Cr revenue). FY18 recorded a net loss of INR 61.44 Cr.

EBITDA Margin

FY20 PBILDT margin was 13.58% (INR 31.71 Cr). FY19 PBILDT margin was 14.76% (INR 39.73 Cr). The company aims for a sustained PBILDT margin of more than 5% going forward.

Capital Expenditure

Not disclosed in available documents; however, significant investments were made in FY25 to support ongoing transformation and growth initiatives.

Credit Rating & Borrowing

CARE Ratings assigned ratings to bank facilities. Finance costs increased by 174% from INR 11.50 Cr in FY24 to INR 31.46 Cr in FY25 due to increased debt levels.

⚙️ Operational Drivers

Raw Materials

Content Production & Programming (represents the primary cost of services), Personnel/Human Capital (headcount was reduced by 25% in FY18 to optimize costs).

Key Suppliers

IndusInd Bank (lender and pledgee), various technology and satellite service vendors for broadcasting operations.

Capacity Expansion

NDTV Profit was successfully relaunched as a multi-platform destination. Digital reach expanded with 3 million new YouTube users added in FY25, totaling 19 million subscribers.

Raw Material Costs

Personnel and production expenses were high enough to cause an operating loss of INR 26.14 Cr in FY18, leading to a 25% manpower reduction strategy.

Manufacturing Efficiency

Capacity utilization is measured by viewership and digital traffic; NDTV.in recorded 63.1 million users and a 72.75% surge in traffic volume in FY25.

Logistics & Distribution

Distribution costs are linked to carriage fees and digital bandwidth; subscription revenue fell from INR 42 Cr in FY17 to INR 40 Cr in FY18.

📈 Strategic Growth

Expected Growth Rate

14%

Growth Strategy

Focus on content excellence, digital integration, and business transformation. Relaunching NDTV Profit as a multi-platform destination and leveraging AR/VR-enabled studios to capture the investment ecosystem.

Products & Services

News broadcasting (NDTV 24x7, NDTV India), Business news (NDTV Profit), Lifestyle programming (NDTV Prime), and Digital content (ndtv.com).

Brand Portfolio

NDTV 24x7, NDTV India, NDTV Profit, NDTV Prime, NDTV Convergence, NDTV.in.

New Products/Services

Relaunched NDTV Profit as a seamless blend of television, digital, and audio content; expected to drive page view growth which rose 210.93% in FY25.

Market Expansion

Expansion beyond news into digital content and e-commerce; ndtv.com is now the flagship platform as the company transitions into an internet-first entity.

Market Share & Ranking

NDTV.in emerged as the #1 Hindi news website with 63.1 million users in FY25.

Strategic Alliances

Joint ventures include Indianroots Retail Private Limited and Indianroots Shopping Limited (both impaired due to past losses).

🌍 External Factors

Industry Trends

Rapid shift from traditional television to digital news consumption; NDTV is positioning itself as an internet company to capture younger, urban audiences.

Competitive Landscape

Competes with other national news broadcasters and digital-first news platforms in a highly fragmented market.

Competitive Moat

Brand trust is the primary moat; rated India’s Most Trusted TV Media Brand in 2016. Strong resonance with younger audiences according to Reuters Institute 2024 report.

Macro Economic Sensitivity

Highly sensitive to corporate advertising expenditure slowdowns which directly impact the top line.

Consumer Behavior

Shift toward multi-platform consumption (TV, digital, audio) and high engagement on social platforms like YouTube (19 million subscribers).

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the News Broadcasters & Digital Association (NBDA) regulations and FDI rules for media companies.

Taxation Policy Impact

The company faces a significant tax demand of INR 642.54 Cr for the assessment year 2009-10, currently under appeal in the Delhi High Court.

Legal Contingencies

Pending tax demand of INR 642.54 Cr. Previous CBI FIRs regarding FDI violations; however, a closure report was accepted by the Rouse Avenue Court in October 2025 for one major case.

⚠️ Risk Analysis

Key Uncertainties

Outcome of ongoing legal cases and tax disputes could adversely impact the financial risk profile by more than 50% of net worth if ruled against the company.