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TV Today Network Limited (TVTODAY)

₹105.90 +3.47% last close, 16 Oct

📊 NSE: TVTODAY 🏢 Entertainment / Electronic Media Software 📢 Latest filing: 18 Sep 2026 📝 Analysis written: 14 Dec 2025

Q2 FY27 results

📅 Next results: 02 Nov 2026 (board meeting)

TV Today Network Limited's board meets on 2 Nov 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, TV Today's revenue was ₹206 Cr (+4.6% year on year, -3.4% on the previous quarter), and net profit ₹10.3 Cr (+39.6% year on year); the operating margin was 7.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹206	+4.6%	-3.4%
Operating profit	₹15.8	+109.7%	+246.3%
Net profit	₹10.3	+39.6%	+13.7%
EPS (₹)	1.72	+39.8%	+13.9%
Operating margin	7.7%	—	—

Full quarterly financials → Results calendar →

TVTODAY delivery percentage

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

On Fri, 16 Oct 2026, 71.68% of the TVTODAY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 67.93%. That is close to its usual level. Turnover was only ₹29 lakh, so a handful of trades can move this figure.

71.68%Delivery, 16 Oct

67.93%Own 20-session average

0.8×Volume vs its average

₹105.90NSE close · +3.47%

Delivery in the last 5 sessions: 59.6% · 73.3% · 50.9% · 82.8% · 71.7%

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

TV Today Shareholders Approve All 3 Resolutions at 27th AGM with Over 98% Support

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Sep 2026, 04:44 PM

TV Today Network Limited has disclosed the voting results and scrutinizer's report for its 27th Annual General Meeting held on September 17, 2026. All three ordinary resolutions were passed with the requisite majority, with overall approval exceeding 98% for each agenda item. The resolutions included the adoption of FY26 financial statements, the reappointment of retiring director Sunil Bajaj, and the ratification of cost auditor remuneration. Notably, 80.17% of votes cast by public institutional shareholders opposed the reappointment of Sunil Bajaj, though promoter backing (100% in favour) ensured passage.

All 3 ordinary resolutions approved at the 27th AGM held on September 17, 2026
Adoption of FY26 financial statements passed with 99.985% total votes in favour
Reappointment of director Sunil Bajaj passed with 98.29% overall approval, despite 80.17% institutional votes against
Ratification of cost auditor remuneration for SKG and Co. approved with 99.98% votes in favour
Total voter turnout represented 65.04% of total outstanding shares (38,810,729 votes polled)

💡 Track the upcoming Q2 FY27 financial results and observe digital monetization metrics across the 'Tak' channels and 'The Lallantop'.

TV Today Network Concludes 27th Annual General Meeting

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Sep 2026, 06:17 PM

TV Today Network Limited held its 27th Annual General Meeting (AGM) on September 17, 2026, via Video Conferencing. Key items tabled included the adoption of standalone and consolidated financial statements for FY 2025-26, the re-appointment of retiring director Sunil Bajaj, and the ratification of cost auditor remuneration. Voting was conducted through remote e-voting and during the AGM, with final scrutinizer results to be declared within two working days.

27th Annual General Meeting held virtually on September 17, 2026, between 03:30 p.m. and 04:26 p.m.
Remote e-voting was active from September 14, 2026 (9:00 a.m.) to September 16, 2026 (5:00 p.m.)
Ordinary business included adoption of FY 2025-26 financial statements and director re-appointment
Voting results to be declared within 2 working days per Regulation 44(3)

💡 Track the upcoming voting results filing within two working days to confirm the formal approval of all ordinary and special resolutions.

TV Today Schedules 27th AGM for Sept 17, 2026; Releases FY26 Integrated Annual Report

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Aug 2026, 05:59 PM

TV Today Network has scheduled its 27th Annual General Meeting (AGM) for September 17, 2026, via video conferencing. The company is dispatching letters to shareholders without registered email IDs, providing digital access to the Integrated Annual Report for FY 2025-26. This follows a fiscal year where revenue declined to Rs 810.57 Cr from Rs 1,004.49 Cr in FY25, with net profit dropping significantly to Rs 14.25 Cr. The report is expected to detail the company's progress on its digital-first 'Tak' channels and the status of its Rs 200 Cr Noida office expansion.

27th Annual General Meeting scheduled for September 17, 2026, at 03:30 p.m. IST
FY26 Revenue reported at Rs 810.57 Cr, down from Rs 1,004.49 Cr in the previous year
Operating Profit Margin (OPM) compressed to 3.49% in FY26 from 9.31% in FY25
Net Profit for FY26 stood at Rs 14.25 Cr compared to Rs 74.53 Cr in FY25
Company is leveraging 30+ 'Tak' branded channels and Aaj Tak's 65M+ YouTube subscribers for digital growth

💡 Investors should review the Integrated Annual Report for management's outlook on digital monetization and the execution timeline for the Rs 200 Cr Noida office project.

TV Today Network Schedules 27th AGM for September 17, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 10 Aug 2026, 12:50 PM

TV Today Network Limited has announced its 27th Annual General Meeting (AGM) to be held on September 17, 2026, via video conferencing. The agenda includes the adoption of FY2025-26 financial statements, where the company reported a TTM revenue of Rs 811 Cr and a PAT of Rs 14 Cr. Shareholders will also vote on the re-appointment of Director Sunil Bajaj and the ratification of Rs 1.75 lakh remuneration for cost auditors. The meeting comes at a time when the company's operating profit margin (OPM) has compressed to 3.5% from 9.3% in the previous fiscal year.

27th Annual General Meeting scheduled for September 17, 2026, at 3:30 PM IST via VC/OAVM.
Ratification of Rs 1,75,000 remuneration plus expenses for Cost Auditors M/s SKG & Co for FY 2026-27.
Re-appointment of Mr. Sunil Bajaj as a Non-Executive Non-Independent Director who retires by rotation.
Integrated Annual Report for FY 2025-26 to be dispatched electronically to registered members.
Facility for participation at the AGM through VC/OAVM limited to 1,000 members on a first-come-first-served basis.

💡 Investors should review the Integrated Annual Report for management commentary on the digital transition of 'Tak' channels and the status of the Noida office expansion, given the sharp decline in FY26 profitability.

Rs 10.49 Cr Net Profit in Q1 FY27, up 43% YoY; Radio divestment nears completion

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 05 Aug 2026, 04:54 PM

TV Today Network reported a 4.6% YoY increase in revenue to Rs 206.22 Cr for Q1 FY27. Net profit grew significantly by 43.3% YoY to Rs 10.49 Cr, driven by a sharp recovery in television segment results which jumped from Rs 3.00 Cr to Rs 13.19 Cr. The company is finalizing the divestment of its loss-making radio business to Abhijit Realtors for Rs 10 Cr, having received WPC approval on April 2, 2026. The balance sheet remains strong with unallocated corporate assets of Rs 401.75 Cr, representing approximately 58% of the current market capitalization.

Net profit increased 43.3% YoY to Rs 10.49 Cr from Rs 7.32 Cr in the previous year's quarter.
Television segment results improved significantly to Rs 13.19 Cr compared to Rs 3.00 Cr in Q1 FY26.
Radio business divestment for Rs 10 Cr is on track with WPC approval received on April 2, 2026.
Revenue from operations grew 4.6% YoY to Rs 206.22 Cr.
Unallocated corporate assets (primarily cash/investments) stand at Rs 401.75 Cr against a market cap of Rs 692 Cr.

💡 Watch for the final completion of the radio business transfer to Vibgyor and subsequent sale to Abhijit Realtors, and monitor if the television segment's margin recovery is sustainable in upcoming quarters.

TV Today Network Schedules 27th AGM for Sept 17, 2026; E-voting to Begin Sept 14

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Jul 2026, 07:46 PM

TV Today Network Limited has announced its 27th Annual General Meeting (AGM) for September 17, 2026, to be conducted via video conferencing. The company has set September 10, 2026, as the cut-off date to determine shareholder eligibility for voting. Remote e-voting will be available for three days, starting from September 14 and concluding on September 16, 2026. This follows a fiscal year (FY26) where the company saw revenue decline to Rs 811 Cr from Rs 1,004 Cr in FY25, with operating margins compressing to 3.5%.

27th Annual General Meeting (AGM) scheduled for September 17, 2026, at 03:30 p.m.
Cut-off date for determining e-voting eligibility is September 10, 2026.
Remote e-voting period is set from September 14, 2026 (9:00 A.M.) to September 16, 2026 (5:00 P.M.).
Integrated Annual Report for FY 2025-26 to be dispatched electronically to registered members.

💡 Investors should review the upcoming Integrated Annual Report for updates on the radio business divestment and the progress of digital monetization across 'Tak' branded channels.

TV Today Issues KYC Update Notice to Physical Shareholders per SEBI Norms

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 28 Jul 2026, 06:51 PM

TV Today Network has dispatched formal intimations to shareholders holding shares in physical form to update their KYC and nomination details. This action follows the SEBI Master Circular dated February 06, 2026, which mandates the furnishing of PAN, contact details, bank account information, and specimen signatures. Failure to update these details will restrict shareholders from lodging grievances or receiving dividends through non-electronic modes. This is a standard administrative procedure with no impact on the company's financial performance (TTM Revenue: ₹811 Cr).

Compliance with SEBI Master Circular SEBI/HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated February 06, 2026
Letters dispatched to physical shareholders via Speed Post on July 28, 2026
Mandatory update required for 4 key areas: PAN, Contact Details, Bank Account, and Specimen Signature
Non-compliant folios will be ineligible for service requests or non-electronic dividend payments
Shareholders must use Form ISR-1, ISR-2, and SH-13 for updates through the RTA, MCS Share Transfer Agent Limited

💡 Shareholders holding physical certificates should immediately contact the RTA (MCS Share Transfer Agent) to update their KYC to avoid freezing of folios or delays in dividend payments.

June 30, 2026: TV Today Network Submits Quarterly Share Dematerialization Certificate

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 07 Jul 2026, 04:29 PM

TV Today Network Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The certificate, issued by MCS Share Transfer Agent Limited, confirms that physical share certificates received for dematerialization were processed within the mandated 15-day period. This process involves the cancellation of physical certificates and updating depository records to reflect electronic ownership. This is a routine administrative filing with no impact on the company's financial performance or operations.

Compliance certificate submitted for the quarter ended June 30, 2026
Dematerialization requests processed within 15 days of receipt
Registrar confirmed physical certificates were mutilated and cancelled
Depository name substituted in records as the registered owner

💡 This is a routine procedural filing; no action is required from investors. Focus on upcoming quarterly financial results for operational performance updates.

TV Today Network to Close Trading Window from July 1, 2026 for Q1 FY27 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Jun 2026, 03:43 PM

TV Today Network Limited has announced the closure of its trading window for all designated insiders starting July 01, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the release of un-audited financial results for the first quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are officially declared to the stock exchanges. This is a standard regulatory procedure and does not reflect any material change in company operations.

Trading window closure effective from July 01, 2026.
Closure pertains to the un-audited financial results for Q1 of FY 2026-27.
Window to reopen 48 hours after the announcement of financial results.
Compliance maintained under SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 No action is required as this is a routine regulatory filing. Investors should await the actual Q1 FY27 earnings release to assess the company's financial performance.

TV Today to Transfer Unclaimed Shares to IEPF for FY 2026-27

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 23 Jun 2026, 06:11 PM

TV Today Network Limited has issued a notice regarding the mandatory transfer of equity shares to the Investor Education and Protection Fund (IEPF) for shareholders who have not claimed dividends for seven consecutive years. This specifically pertains to the Final Dividend of FY 2018-19 and the Interim Dividend of FY 2019-20. Affected shareholders must submit their claims by October 10, 2026, and November 21, 2026, respectively, to prevent the transfer. Once transferred, all corporate benefits and voting rights on these shares will be frozen until reclaimed from the IEPF Authority.

Shares with unclaimed dividends for 7 consecutive years will be transferred to the IEPF demat account.
Deadline to claim the FY 2018-19 Final Dividend is October 10, 2026.
Deadline to claim the FY 2019-20 Interim Dividend is November 21, 2026.
Voting rights on transferred shares will remain frozen until the rightful owner claims them back from the IEPF.
Shareholders can reclaim transferred shares by filing Form IEPF-5 on the MCA website.

💡 Long-term shareholders should verify their dividend credit history since 2018-19 and contact MCS Share Transfer Agent Limited if any payments are missing to avoid share transfer to the IEPF.

TV Today Network Clarifies No Final Dividend Recommended for FY 2025-26

🔴 NEGATIVE ⭐ 6/10

DIVIDEND 📅 18 Jun 2026, 06:31 PM

TV Today Network Limited has clarified that its Board of Directors did not recommend a final dividend for the Financial Year 2025-26 during its meeting on May 15, 2026. This update was issued following a clarification request from the National Stock Exchange (NSE) regarding the dividend status. As no dividend was proposed, the company had not included it in the original board meeting outcome disclosure. Investors should note the absence of a final payout for this fiscal year.

Board of Directors met on May 15, 2026, and decided against recommending a final dividend for FY 2025-26.
The clarification was issued on June 18, 2026, in response to a specific query from the National Stock Exchange.
The company confirmed that the lack of disclosure in the initial board outcome was because no dividend was recommended.
This announcement confirms there will be no final cash outflow to shareholders for the specified financial period.

💡 Investors seeking dividend income should note the lack of a final payout for FY 2025-26 and may need to re-evaluate the stock's yield profile. Monitor the company's next earnings cycle for updates on cash utilization and future dividend policies.

TV Today Wins Income Tax Dispute; ITAT Rules in Favor of Company for AY 2018-19

🟢 POSITIVE ⭐ 6/10

LEGAL 📅 19 May 2026, 06:56 PM

TV Today Network has received a favorable ruling from the Income Tax Appellate Tribunal (ITAT), New Delhi, regarding Assessment Year 2018-19. The tribunal dismissed the Income Tax Department's appeal involving Rs. 12.43 crore and ruled in favor of the company on a separate ground involving Rs. 1.52 crore. This effectively resolves tax disputes totaling approximately Rs. 13.98 crore for that assessment year. While the company states there is no immediate impact on operations, the ruling eliminates a significant potential tax liability.

ITAT New Delhi dismissed the Income Tax Department's appeal involving Rs. 12.43 crore
The tribunal ruled in favor of TV Today on a ground involving Rs. 1.52 crore previously dismissed by CIT(A)
The dispute pertains to Assessment Year 2018-19 and resolves multiple grounds of litigation
Total tax dispute amount successfully defended or won is approximately Rs. 13.98 crore
No immediate impact on financial or operational activities as of the announcement date

💡 Investors should view this as a positive development that reduces contingent liabilities and legal risks. This ruling strengthens the company's financial position by clearing historical tax uncertainties.

TV Today FY26 Net Profit Plummets 81% to ₹13.74 Cr; ₹50 Lakh Investment in Mail Today

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 15 May 2026, 02:00 PM

TV Today Network reported a significant decline in its annual performance for FY26, with revenue from operations falling 18.5% to ₹808.70 crore. The full-year net profit saw a massive drop of 81.6%, falling to ₹13.74 crore from ₹74.83 crore in the previous fiscal year. While Q4 FY26 showed a slight year-on-year recovery with a profit of ₹9.22 crore, the overall annual trend remains weak due to lower operational income and losses from discontinued operations. The company also announced a small capital infusion of ₹50 lakh into its subsidiary, Mail Today.

Annual revenue from operations declined to ₹808.70 crore in FY26 from ₹993.02 crore in FY25.
Full-year net profit plummeted to ₹13.74 crore compared to ₹74.83 crore in the previous year.
Q4 FY26 net profit stood at ₹9.22 crore, a slight increase from ₹6.23 crore in Q4 FY25.
Loss from discontinued operations for the full year amounted to ₹6.23 crore.
Board approved a ₹50 lakh investment in wholly-owned subsidiary Mail Today Newspapers via a rights issue.

💡 Investors should exercise caution as the sharp decline in annual profitability and revenue suggests significant operational headwinds. The stock may face downward pressure until there is a clear roadmap for revenue recovery and stabilization of margins.

TV Today FY26 Net Profit Plunges 81% to ₹13.74 Cr; Q4 Revenue Declines to ₹213.47 Cr

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 15 May 2026, 02:00 PM

TV Today Network reported a significant decline in its full-year performance for FY26, with standalone net profit dropping 81.6% to ₹13.74 crore from ₹74.83 crore in FY25. Annual revenue from operations also saw a sharp contraction, falling 18.5% to ₹808.70 crore. While Q4 FY26 net profit showed a slight year-on-year increase to ₹9.22 crore, the overall trend remains weak due to lower operational income. Additionally, the board approved a ₹50 lakh investment in its subsidiary, Mail Today Newspapers.

Annual standalone revenue for FY26 fell to ₹808.70 crore from ₹993.02 crore in FY25.
Full-year net profit declined sharply by 81.6% to ₹13.74 crore compared to ₹74.83 crore in the previous year.
Q4 FY26 revenue from operations stood at ₹213.47 crore, down from ₹249.17 crore in Q4 FY25.
Profit from discontinued operations for FY26 resulted in a loss of ₹6.23 crore.
Board approved a ₹50 lakh investment in wholly-owned subsidiary Mail Today via a Rights Issue.

💡 Investors should exercise caution given the steep decline in annual profitability and revenue, which suggests significant headwinds in the core broadcasting business. Monitor management commentary regarding advertising revenue recovery and digital growth strategies.

TV Today Network Promoters File Annual No-Pledge Declaration Under SEBI SAST

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Apr 2026, 12:41 PM

Promoters of TV Today Network, including Aroon Purie and Living Media India Limited, have submitted their annual disclosure under Regulation 31(4) of the SEBI (SAST) Regulations. This filing confirms that the promoter group has not created any new encumbrances or pledges on their shareholding during the financial year. Such disclosures are standard annual compliance requirements to ensure transparency regarding promoter ownership. It indicates a stable shareholding structure with no hidden leverage against promoter shares.

Disclosure submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Promoters including Aroon Purie, Koel Purie, and Living Media India confirmed no undisclosed encumbrances
The declaration pertains to the financial year ending March 31, 2026
Confirms that promoters have not made any direct or indirect pledges other than those already disclosed

💡 This is a routine regulatory filing and requires no immediate action from investors. It serves as a confirmation of the stability of the promoter's unencumbered stake in the company.

View All TVTODAY Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated operating revenue grew 8% YoY to INR 952 Cr in fiscal 2024. For the first nine months of fiscal 2025, revenue grew 8% YoY to INR 755 Cr, driven by strong Q1 performance during general elections. Radio business turnover was INR 14.16 Cr in FY 2024-25, contributing 1.41% of total turnover.

Profitability Margins

Operating margin for 9M FY2025 stood at 11.8%, compared to 9.5% in the previous year. PAT margin declined from 10.0% in FY2023 to 5.9% in FY2024 due to heavy investments in the digital segment and muted ad revenue growth.

EBITDA Margin

EBITDA margin was 14.9% in fiscal 2023, down from 26.3% in fiscal 2022. Operating profit fell to INR 86 Cr in FY2024 from INR 132 Cr in FY2023, representing a 34.8% decline due to digital segment spends.

Capital Expenditure

The company plans to purchase an immovable property in Noida for office use for approximately INR 200 Cr in the first half of fiscal 2026, funded via internal cash balances.

Credit Rating & Borrowing

Long-term rating is CRISIL AA/Negative (outlook revised from Stable on May 22, 2025). Short-term rating reaffirmed at CRISIL A1+. The company maintains nil debt and robust debt protection metrics with an interest coverage ratio of 61x in FY2024.

⚙️ Operational Drivers

Raw Materials

Content production talent and employee benefits represent the primary operational costs for the media broadcasting and digital segments.

Capacity Expansion

The company operates 4 news channels (Aaj Tak, Good News Today, Aaj Tak HD, India Today TV) and 30+ dedicated digital-first video channels. Expansion is focused on digital infrastructure and a new INR 200 Cr office in Noida.

Raw Material Costs

Not disclosed as a specific percentage of revenue, but investments in digital content and talent have significantly impacted operating profit, which fell 34.8% in FY2024.

Manufacturing Efficiency

Not applicable for media broadcasting; however, digital operations are being ramped up to offset traditional TV segment stagnation.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

Growth is targeted through digital monetization across 30+ 'Tak' branded channels, cost rationalization in non-core areas (selling radio), and leveraging the market leadership of Aaj Tak (65M+ YouTube subscribers) to capture shifting digital ad spends.

Products & Services

24-hour news broadcasting (Hindi and English), digital news content, social media video channels, and radio airtime (until divestment).

Brand Portfolio

Aaj Tak, India Today Television, Good News Today, Tak, The Lallantop, Ishq 104.8 FM.

New Products/Services

Digital-first video channels under the 'Tak' brand and 'The Lallantop' (33M+ subscribers) are expected to be the primary future revenue contributors.

Market Expansion

Expansion into digital-first content across 10 genres and 5 languages to reduce dependence on the flagship Hindi news channel.

Market Share & Ranking

Market leader in the Hindi television news segment and online news via YouTube and WhatsApp channels.

Strategic Alliances

Advertising sales agreement with Manoranjan TV to market radio airtime until the sale of the radio business is concluded by January 2026.

🌍 External Factors

Industry Trends

The industry is undergoing a massive shift from traditional television to digital and social media news consumption. TV Today is positioning itself by building a massive YouTube presence (Aaj Tak is the world's most subscribed news channel) to follow consumer behavior.

Competitive Landscape

Faces intense competition from other Hindi news broadcasters and emerging digital-only news platforms that are fragmenting ad volumes.

Competitive Moat

The brand equity of 'Aaj Tak' and 'The Lallantop' (3.3 billion views) creates a significant moat in the news segment. This leadership in audience reach is sustainable due to high network effects on digital platforms.

Macro Economic Sensitivity

Ad revenue is highly sensitive to general economic cycles and major events like general elections, which drove strong revenue in Q1 FY2025.

Consumer Behavior

Consumers are increasingly turning to online media for news, leading to a decline in traditional TV ad volumes.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to broadcasting standards and digital media regulations, though specific impacts are not detailed.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the speed of digital monetization; if the digital segment ramp-up continues to be slower than expected, it may not offset the modest performance of traditional TV, leading to sustained margin pressure.