🔍

Raj Television Network Limited (RAJTV)

₹8.65 -4.95% last close, 16 Oct

📊 NSE: RAJTV 🏢 Entertainment / Electronic Media Software 📢 Latest filing: 08 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Raj Television's revenue was ₹15.0 Cr (-9.7% year on year, -29.8% on the previous quarter), and net profit ₹-1.0 Cr (against a profit a year earlier); the operating margin was -2.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹15.0	-9.7%	-29.8%
Operating profit	₹-0.4	to loss	to loss
Net profit	₹-1.0	to loss	to loss
EPS (₹)	-0.19	to loss	to loss
Operating margin	-2.5%	—	—

Full quarterly financials → Results calendar →

RAJTV exchange data

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

It closed at its lower price band (circuit) on 16 Oct, one of 13 band closes in about the last 20 sessions.

₹8.65NSE close · -4.95%

Circuit stocks →

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

Raj TV Submits Demat Compliance Certificate for Q2 Ended September 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Oct 2026, 03:18 PM

Raj Television Network Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate issued by Registrar and Transfer Agent Cameo Corporate Services Limited confirms that all securities received for dematerialisation during the period were processed and listed on stock exchanges within stipulated timelines. Physical certificates were verified, mutilated, and cancelled as per standard regulations. This filing is purely administrative in nature and has no impact on operations or financials.

Compliance certificate submitted for the quarter ended September 30, 2026
Issued under Regulation 74(5) of SEBI Depositories and Participants Regulations 2018
RTA confirmation provided by Cameo Corporate Services Limited dated October 7, 2026

💡 Track the upcoming Q2 FY27 financial results for Raj Television Network to assess operational and revenue performance.

Raj Television Network Concludes 32nd AGM; All 4 Resolutions Approved with 100% Majority

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Oct 2026, 04:58 PM

Raj Television Network Limited announced the voting results and scrutinizer's report for its 32nd Annual General Meeting held on September 30, 2026. A total of 43,542,775 votes were polled, representing 83.88% of the total 51,913,344 outstanding shares. All four ordinary and special resolutions, including the adoption of FY2026 financial statements and director re-appointments, passed with requisite majority (effectively 100% votes in favour). The filing represents standard procedural AGM compliance without any extraordinary operational items.

Total votes polled stood at 43,542,775, representing 83.88% of total outstanding shares (51,913,344)
Promoter group polled 100% of their 36,839,908 shares in favour across all resolutions
Adoption of FY2026 financial statements passed with 43,541,065 votes in favour and 1,710 votes against
Re-appointment of Independent Director Mrs. Bharathi Sridhar approved for a second 5-year term
AGM attended by 46 shareholders via Video Conferencing (5 promoters, 41 public)

💡 Track the upcoming quarterly financial results and business updates on digital library monetization, as this filing is purely procedural.

Raj Television Network Concludes 32nd AGM; All Resolutions Approved by Shareholders

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Sep 2026, 03:01 PM

Raj Television Network Limited held its 32nd Annual General Meeting on September 30, 2026, via Video Conferencing. All 4 resolutions presented in the AGM notice dated August 11, 2026, were passed with the requisite majority. Key agenda items included the adoption of FY26 audited financial statements, the re-appointment of director Mr. M Ragunathan, and the re-appointment of Mrs. Bharathi Sridhar as Independent Director for a second 5-year term. Detailed voting results and the scrutinizer's report will be disclosed within two working days.

32nd AGM conducted via Video Conferencing on September 30, 2026, starting at 11:00 A.M. and concluding at 11:45 A.M. IST
All 4 ordinary and special resolutions approved with the requisite majority
Remote e-voting was held from September 26, 2026 (9:00 A.M.) to September 29, 2026 (5:00 P.M.)
Approved re-appointment of Mrs. Bharathi Sridhar as Independent Director for a 5-year second term

💡 Track the detailed scrutinizer voting results report expected within two working days for shareholder turnout and voting patterns.

Raj Television Network Dispatches FY26 Annual Report Links; 32nd AGM Set for Sept 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Sep 2026, 01:15 PM

Raj Television Network Limited has issued a communication under Regulation 36(1)(b) of SEBI LODR containing the web-link and QR codes to access its Annual Report and AGM Notice for FY 2025-26. The 32nd Annual General Meeting is scheduled to be held on Wednesday, September 30, 2026, at 11:00 AM IST via Video Conferencing/OAVM. The intimation is being sent to shareholders whose email addresses are not registered with the company or depository participants.

32nd Annual General Meeting scheduled for September 30, 2026, at 11:00 AM IST via VC/OAVM.
Integrated Annual Report and AGM Notice for FY 2025-26 published online and accessible via QR code.
Dispatched under Regulation 36(1)(b) of SEBI LODR to unregistered email holders.

💡 Shareholders can access the FY 2025-26 Annual Report online and track the upcoming AGM proceedings and e-voting schedules on CDSL ahead of September 30, 2026.

Raj Television Network Schedules 32nd AGM on Sep 30, 2026; Releases FY26 Annual Report

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Sep 2026, 01:07 PM

Raj Television Network Limited has issued notice for its 32nd Annual General Meeting scheduled for September 30, 2026, via video conferencing. The company released its Annual Report for FY 2025-26, highlighting operational status across its 14 television channels. Key financial notes show full-year FY26 net sales at ₹70.05 crore and net profit at ₹0.79 crore compared to a loss of ₹21.01 crore in FY25. Foreign exchange earnings from TV programme exports stood at ₹6.40 crore against ₹4.45 crore in transponder hire expenses.

32nd Annual General Meeting scheduled for September 30, 2026, at 11:00 AM IST via VC/OAVM
Reported FY26 net sales of ₹70.05 crore compared to ₹125.82 crore in FY25
FY26 net profit recovered to ₹0.79 crore from a net loss of ₹21.01 crore in FY25
Export earnings from TV programmes rose to ₹6.40 crore from ₹1.08 crore in FY25
Maintains ₹5.13 crore in receivables from struck-off entity Royal Cablevision Private Limited

💡 Track voting outcomes and management commentary during the AGM on September 30, 2026, particularly regarding content monetization and digital distribution strategy.

Q1 FY27 Net Loss at ₹1.01 Cr vs Profit of ₹0.35 Cr YoY; Revenue Down 9.7% to ₹14.97 Cr

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 25 Aug 2026, 05:08 PM

Raj Television Network reported unaudited financial results for the quarter ended June 30, 2026, posting a net loss of ₹1.01 Cr compared to a net profit of ₹0.35 Cr in Q1 FY26. Revenue from operations declined 9.7% YoY to ₹14.97 Cr from ₹16.57 Cr in the corresponding quarter of the previous year. Total expenses stood at ₹16.15 Cr, outpacing total income and leading to a loss before tax of ₹1.19 Cr. Additionally, the Board approved the re-appointment of Mrs. Bharathi Sridhar as an Independent Director for a second 5-year term starting April 1, 2027.

Revenue from operations fell 9.66% YoY to ₹14.97 Cr (149,675.33 thousand) vs ₹16.57 Cr in Q1 FY26
Net loss stood at ₹1.01 Cr (-10,076.93 thousand) compared to a net profit of ₹0.35 Cr in Q1 FY26
Loss before tax was ₹1.19 Cr (-11,872.38 thousand) compared to PBT of ₹0.51 Cr in Q1 FY26
Diluted EPS turned negative to -₹0.19 from ₹0.07 in the year-ago period
Re-appointed Mrs. Bharathi Sridhar as Independent Director for 5 years effective April 01, 2027

💡 Track operational cost controls and monetization of digital/content library in upcoming quarters to evaluate if the company can return to operating profitability.

RAJTV Re-Appoints Mrs. Bharathi Sridhar as Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 11 Aug 2026, 04:58 PM

Raj Television Network Limited (RAJTV) has approved the re-appointment of Mrs. Bharathi Sridhar as an Independent Director for a second term of five consecutive years. The new term will commence on April 01, 2027, following the expiration of her current term on March 31, 2027. Mrs. Sridhar, who has over 20 years of experience in the media and entertainment industry, will serve until March 31, 2032, subject to shareholder approval. This move ensures continuity in the company's board oversight as it navigates a challenging period marked by a 75.6% decline in stock price over the last 12 months.

Re-appointment for a second term of 5 consecutive years starting April 01, 2027.
Director possesses over 20 years of experience in the media and entertainment industry.
Current term is set to expire on March 31, 2027, with the new term extending to March 31, 2032.
Board approval granted on August 11, 2026, based on Nomination and Remuneration Committee recommendations.

💡 Investors should monitor the upcoming Annual General Meeting (AGM) or postal ballot results for shareholder approval of this re-appointment.

RAJTV Approves Q1 FY27 Results and Re-appoints Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 11 Aug 2026, 04:52 PM

Raj Television Network Limited held a board meeting on August 11, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The board also approved the re-appointment of Mrs. Bharathi Sridhar as an Independent Director for a second five-year term, effective from April 1, 2027, to March 31, 2032. This administrative update comes as the company manages a small market capitalization of ₹53 Cr and a TTM revenue of ₹16 Cr. The stock has faced significant pressure, declining 76.1% over the past 12 months.

Board approved unaudited financial results for the quarter ended June 30, 2026
Re-appointment of Mrs. Bharathi Sridhar as Independent Director for a 5-year term starting April 2027
Board meeting duration was 3 hours and 45 minutes, concluding at 3:45 P.M.
Mrs. Bharathi Sridhar brings over 20 years of experience in the media and entertainment industry
Company maintains a content library of over 100,000 hours across 14 satellite channels

💡 Investors should examine the specific Q1 FY27 P&L figures to see if revenue is growing beyond the TTM base of ₹16 Cr and if margins are improving from the current ROCE of 2.6%.

Raj Television Network Submits Quarterly Share Dematerialization Certificate for June 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jul 2026, 11:20 AM

Raj Television Network Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by Registrar and Transfer Agent Cameo Corporate Services Limited, confirms that all dematerialization requests for the quarter ended June 30, 2026, were processed within the stipulated time. It further verifies that physical share certificates were mutilated and cancelled, with the depositories' names updated in the register of members. This is a standard administrative filing required for all listed entities in India.

Compliance certificate issued for the quarter ended June 30, 2026
Registrar and Transfer Agent (RTA) confirmed as Cameo Corporate Services Limited
Securities received for dematerialization were confirmed to depositories and listed on exchanges
Physical certificates were mutilated and cancelled after due verification by the depository participant

💡 This is a routine regulatory filing with no impact on business fundamentals. Investors should monitor the company's upcoming quarterly financial results for operational performance updates.

Raj Television Network Closes Trading Window from July 1, 2026 for Q1 Financial Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Jun 2026, 04:48 PM

Raj Television Network Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain closed for all promoters, directors, and designated persons until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026. This is a standard regulatory procedure aimed at preventing insider trading prior to the public disclosure of financial performance. Investors should note that this is a routine filing and does not impact the company's operational fundamentals.

Trading window closure effective from July 01, 2026
Restriction applies to promoters, directors, and designated persons
Window to reopen 48 hours after Q1 FY2026-27 results are declared
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015

💡 No immediate action is required as this is a mandatory regulatory filing. Investors should monitor the company's upcoming earnings announcement for the quarter ending June 30, 2026.

Raj Television Network Clarifies Significant Price Movement as Market-Driven

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 04 Jun 2026, 10:29 AM

Raj Television Network Limited (RAJTV) has issued a clarification to BSE and NSE regarding the recent significant movement in its stock price. The company stated that the price fluctuations are purely market-driven and influenced by prevailing market conditions rather than internal developments. Management confirmed they have no undisclosed information or control over the reasons for this volatility. The company reaffirmed its commitment to complying with SEBI Regulation 30 for all material disclosures.

Responded to BSE and NSE clarification requests dated June 3, 2026, regarding price volatility.
Management attributes the price movement entirely to market conditions and external factors.
Confirmed no undisclosed material information exists that could impact the stock price.
Reiterated strict adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 As the company has denied any internal fundamental triggers for the price movement, investors should be cautious of speculative volatility. Monitor the stock for any actual fundamental changes or upcoming quarterly performance.

Raj TV Returns to Profitability in FY26 with ₹0.79 Cr Net Profit; Revenue Declines 44% YoY

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 May 2026, 04:27 PM

Raj Television Network Limited achieved a significant turnaround in FY26, reporting a net profit of ₹0.79 crore compared to a substantial loss of ₹21.01 crore in FY25. This return to profitability was primarily driven by aggressive cost-cutting measures, as total expenses were slashed by over 50% year-on-year. However, annual revenue from operations saw a sharp decline of 44.3%, falling from ₹125.82 crore to ₹70.05 crore. The company also announced the appointment of a new Content Head to potentially address the declining top-line performance.

Reported a full-year Net Profit of ₹7.91 million in FY26 against a Net Loss of ₹210.13 million in FY25.
Total annual expenses reduced by 53.9% YoY to ₹694.83 million from ₹1,508.20 million.
Q4 FY26 revenue stood at ₹213.23 million, showing a sequential improvement from Q3's ₹163.94 million.
Earnings Per Share (EPS) improved to ₹0.15 for FY26 from a negative ₹4.05 in the previous year.
Appointed Mr. Sri Hari Saravana Vignesh as Content Head to lead senior management in programming.

💡 While the turnaround to profitability is a positive signal, the sharp decline in annual revenue suggests a shrinking market share or operational scale-down. Investors should monitor if the new Content Head can successfully revitalize the top-line growth in upcoming quarters.

Raj Television Promoters Declare Zero Encumbered Shares for FY 2025-26

🟢 POSITIVE ⭐ 4/10

REGULATORY 📅 09 Apr 2026, 12:01 PM

The promoters of Raj Television Network Limited have filed a formal declaration under SEBI (SAST) Regulations for the financial year ended March 31, 2026. The filing confirms that no encumbrances, such as pledges or liens, were created on the promoter group's equity shares during the year. This declaration covers a total of 3,68,09,893 equity shares held by eight promoter individuals. Such disclosures are routine annual requirements that provide transparency regarding the financial health and commitment of the promoter group.

Promoters declared zero direct or indirect encumbrances on their holdings for FY 2025-26.
Total promoter shareholding covered in the disclosure amounts to 3,68,09,893 equity shares.
Largest individual promoter holdings include M Ravindran with 7,269,985 shares and M Raajhendhran with 5,831,355 shares.
Compliance confirmed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

💡 This is a routine regulatory filing that confirms the absence of promoter share pledges, which is a positive sign of financial stability. No immediate action is required, but investors should continue to monitor quarterly shareholding patterns for any changes.

Raj Television Clarifies Significant Price Movement as Market-Driven

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Apr 2026, 11:27 AM

Raj Television Network Limited has responded to clarification requests from both BSE and NSE regarding recent significant volatility in its share price. The company stated that the price movement is purely market-driven and not a result of any undisclosed material information. Management confirmed they have no control over the current price action and are in full compliance with SEBI Listing Obligations. This announcement serves as a standard regulatory response to ensure market transparency during periods of high volatility.

Responded to BSE and NSE surveillance queries dated April 8, 2026
Confirmed that price movement is purely due to market conditions with no management control
Stated no undisclosed information or events exist that could impact price/volume
Reiterated commitment to SEBI Regulation 30 for all future material disclosures

💡 Investors should remain cautious as the company has confirmed no fundamental news is driving the recent price surge. Avoid chasing the momentum without a change in underlying business performance.

Raj Television Network Submits SEBI Regulation 74(5) Compliance Certificate for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Apr 2026, 05:07 PM

Raj Television Network Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing, issued by Registrar Cameo Corporate Services, confirms that dematerialization requests for the quarter ended March 31, 2026, were processed within stipulated timelines. It verifies that physical security certificates were mutilated and cancelled after due verification. This is a standard administrative filing required for all listed entities to ensure the integrity of electronic shareholding.

Compliance certificate submitted for the quarter ended March 31, 2026.
Issued by Registrar and Transfer Agent (RTA) M/s. Cameo Corporate Services Limited.
Confirms that dematerialization requests were accepted/rejected and listed on stock exchanges.
Verifies that security certificates were mutilated and cancelled after substituting the depository name in the register.

💡 No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's financial performance and upcoming earnings reports.

View All RAJTV Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment, Media and Entertainment, which saw revenue grow by 18.19% YoY to INR 125.82 Cr in FY 2024-25 from INR 106.46 Cr in FY 2023-24. However, quarterly revenue for Q2 FY26 (INR 15.76 Cr) showed a significant decline compared to Q2 FY25 (INR 35.93 Cr).

Geographic Revenue Split

The company maintains a dominant market share in the five southern states of India (Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, and Telangana). Internationally, it has a footprint across 172 countries including regions like USA, Europe, MENAP, Africa, and APAC.

Profitability Margins

Profitability deteriorated significantly with the company reporting a net loss of INR 21.01 Cr in FY 2024-25 compared to a profit of INR 0.81 Cr in FY 2023-24. Net Profit Margin crashed by 2297.37% to -16.70%, while Operating Profit Margin contracted by 68.29% to 8.51% due to higher production and finance costs.

EBITDA Margin

EBITDA margin was 4.55% in FY 2023-24, a 32.4% decrease from 6.73% in the previous year. This margin contraction was driven by rising production costs, employee expenses, and other operational overheads partially offset by revenue growth.

Capital Expenditure

The company maintains an authorized capital of INR 30 Cr and a paid-up equity share capital of INR 25.96 Cr. Specific planned capital expenditure for future capacity was not disclosed in the available documents.

Credit Rating & Borrowing

India Ratings downgraded the company's fund-based working capital limits to IND BB/Stable and affirmed short-term ratings at IND A4+. Brickwork Ratings reaffirmed and subsequently withdrew its BWR BB+/Stable rating for bank loan facilities totaling INR 22.74 Cr.

⚙️ Operational Drivers

Raw Materials

The primary 'raw materials' are content production costs (fiction/reality shows) and artistic talent acquisition, which are critical for maintaining the 100,000+ hour content library. Specific cost percentages per category were not disclosed.

Import Sources

Content is sourced through a mix of self-produced in-house studio projects and outsourced productions from creative partners across India.

Capacity Expansion

The company currently operates 14 television channels in five languages (Tamil, Telugu, Kannada, Malayalam, and Hindi). Future expansion plans for additional channels were not specified.

Raw Material Costs

Production costs increased during FY 2024-25, contributing to the EBITDA margin decline from 6.73% to 4.55%. The company uses a strategy of self-producing content to build its own intellectual property base and mitigate financial risk.

Manufacturing Efficiency

Not applicable to broadcasting operations; however, the company focuses on delivering engaging content at a competitive cost through its in-house TV studio and movie production ecosystem.

Logistics & Distribution

Distribution revenue is a key stream, but specific distribution costs as a percentage of revenue were not disclosed.

📈 Strategic Growth

Growth Strategy

Growth is targeted through the development of new distribution channels in their nascent stages and leveraging the 100,000+ hour content library. The company aims to maintain leadership in the southern Indian market while expanding its global footprint across 172 countries to attract a wider advertising base.

Products & Services

14 Satellite Television Channels, movie production, music label, and digital content rights.

Brand Portfolio

RAJTV (flagship), Raj Video Vision, and various regional channels in Tamil, Telugu, Kannada, Malayalam, and Hindi.

New Products/Services

The company is increasingly integrating AI to safeguard data integrity and mitigate emerging threats, though specific revenue contribution from new digital services was not disclosed.

Market Expansion

Targeting global diaspora in 172 countries and leveraging nascent distribution channels for digital growth.

Market Share & Ranking

Holds a dominant market share in the five southern states of India.

Strategic Alliances

Maintains long-standing partnerships with the artist fraternity and creative partners for content production.

🌍 External Factors

Industry Trends

The television segment is evolving with the rise of new distribution channels and increasing interest from global investors. Viewership and advertising expenditure are rising, but the industry faces threats from rapid de-regulation and technological shifts.

Competitive Landscape

Operates in an intensely competitive industry with significant pressure from other regional and national broadcasters for content and talent acquisition.

Competitive Moat

The company's moat is built on its 100,000+ hour content library and its established leadership in the South Indian regional market, which provides high audience shares and pricing power.

Macro Economic Sensitivity

Revenues are sensitive to fluctuations in advertising expenditure and viewer preferences, which are influenced by broader economic conditions in the media and entertainment sector.

Consumer Behavior

Viewer preferences are shifting toward diverse formats including fiction, reality shows, and digital content, requiring constant content refreshment.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Telecom Regulatory Authority of India (TRAI) and the Ministry of Information and Broadcasting (MIB), requiring proactive alignment with evolving distribution and content censorship norms.

Legal Contingencies

NSE and BSE levied fines for 'Non-Compliance' with Regulation 17(1) of SEBI LODR due to pending government/regulator approvals for the appointment of Directors and Key Managerial Personnel.

⚠️ Risk Analysis

Key Uncertainties

Fluctuations in subscription and advertising income, which are the major revenue sources. The company noted that results could fall below market expectations due to the unpredictable nature of viewer preferences.