New Delhi Television LimitedQ2 FY27 Results & Financial Update

New Delhi Television Limited: Q2 FY27 consolidated results and company financials – revenue ₹129.47 Cr, PAT ₹-63.51 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: NDTVPublished 26 Oct 2026Updated 26 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹129.47 CrReported Q2 FY27
Profit after tax₹-63.51 CrReported Q2 FY27
Sequential change+22.4%Quarter-on-quarter

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Quarterly Results AnalysisExplore New Delhi Television Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

New Delhi Television Limited reported consolidated revenue from operations of INR 129.47 crore for the quarter ended September 30, 2026, marking an increase compared to the preceding quarter ended June 30, 2026.

02

Total consolidated income for the quarter reached INR 134.34 crore, supported by INR 4.87 crore in other income and INR 1.61 crore in interest income.

03

The company posted a consolidated loss before tax of INR 64.16 crore and a net profit after tax of negative INR 63.51 crore for the second quarter of fiscal 2027.

04

Basic and diluted earnings per share for the current quarter stood at negative INR 5.61, reflecting the ongoing bottom-line pressures during the period.

05

Total expenses for the quarter remained elevated at INR 198.50 crore, encompassing production costs, employee benefit expenses, finance costs, and promotional outlays.

06

The board of directors approved a proposal to raise funds up to INR 800 crore via unsecured, non-convertible perpetual debentures on a private placement basis.

07

Statutory auditors noted that financial results or information for certain joint ventures were furnished by management without independent review due to full impairment of those investments in earlier years.

01 · Business model

What does New Delhi Television do?

New Delhi Television Limited operates primarily in the television media and related digital sectors, producing news broadcasts, current affairs content, and digital media publications.

The company generates its core revenue from advertising, broadcasting operations, and digital content distribution across various platforms.

NDTV operates on a consolidated basis including subsidiary entities such as NDTV Convergence Limited, alongside investments in various joint ventures and associated digital media enterprises.

02 · Historical context

What shaped the business before this quarter

Business evolution

Previously, pursuant to a Scheme of Amalgamation approved by the Regional Director, multiple transferor companies including NDTV Networks Limited, NDTV Worldwide Limited, NDTV Media Limited, and NDTV Labs Limited merged into New Delhi Television Limited with effect from October 1, 2025.

03 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹129.47 Cr₹117.23 Cr
Total income₹134.34 Cr₹119.96 Cr
Profit before tax₹-64.16 Cr₹-81.60 Cr
Profit after tax₹-63.51 Cr₹-81.88 Cr
EPS₹-5.61₹-7.24

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented -49.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to -49.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹4.87 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Consolidated Operational Revenue

Revenue from operations reached INR 129.47 crore for Q2 FY27, improving from INR 117.23 crore in Q1 FY27.

What drove margins

Expense Structure

Total expenses of INR 198.50 crore for the quarter continued to exceed operating revenues, driven by production expenses, employee benefits, and marketing outlays.

Financing and Depreciation Charges

The company incurred finance costs of INR 7.69 crore and depreciation and amortisation charges of INR 10.90 crore during the quarter.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single Operating Segment

The NDTV Group is primarily engaged in television media and related operations, with no separate reportable segments under IND AS 108.

06 · Strategy & new businesses

How the company is trying to change its growth mix

GoodTimes Channel Acquisition

The company progressed with its acquisition of the 'GoodTimes' channel and related intellectual property from Lifestyle & Media Broadcasting Limited under an Asset Purchase Agreement signed on August 14, 2026.

07 · Reported developments

What changed operationally

Legal Quashing of ECIR

The Delhi High Court disposed of related writ petitions and quashed the Enforcement Case Information Report registered by the Directorate of Enforcement, subject to liberty to revive if the underlying CBI closure report is set aside.

Tax Demand Stay

The Principal Commissioner of Income-tax (Central), Delhi-1 granted a complete stay on the recovery of tax demand arising from reassessment proceedings till the final disposal of the appeal before the CIT(A).

08 · Pressure points & risks

What is not going smoothly

Regulatory and Tax Proceedings

The company continues to manage various legacy tax demands, regulatory notices from SEBI, and an ongoing CBI investigation pertaining to historic transactions from 2004 to 2010.

09 · Items worth noticing

The line items that can distort a quick read

Provisions and Impairments

The company recognized provisions amounting to INR 13.11 crore during the quarter.

10 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Capital allocation & funding

Perpetual Debenture Issuance

The board approved raising funds up to INR 800 crore via unsecured, non-convertible perpetual debentures carrying a 9% p.a. cumulative coupon, payable at the board's discretion.

11 · Previous-quarter changes

What changed since the previous quarter

Sequential Revenue Movement

Consolidated revenue from operations rose from INR 117.23 crore in Q1 FY27 to INR 129.47 crore in Q2 FY27.

12 · Key Q&A

The quarter, answered directly

What does New Delhi Television do?

New Delhi Television Limited operates primarily in the television media and related digital sectors, producing news broadcasts, current affairs content, and digital media publications.

What is the clearest takeaway from Q2 FY27?

New Delhi Television Limited reported consolidated revenue from operations of INR 129.47 crore for the quarter ended September 30, 2026, marking an increase compared to the preceding quarter ended June 30, 2026.

What drove revenue or demand?

Revenue from operations reached INR 129.47 crore for Q2 FY27, improving from INR 117.23 crore in Q1 FY27.

What mattered most for margins or profitability?

Total expenses of INR 198.50 crore for the quarter continued to exceed operating revenues, driven by production expenses, employee benefits, and marketing outlays.

What changed operationally beyond the headline numbers?

The company progressed with its acquisition of the 'GoodTimes' channel and related intellectual property from Lifestyle & Media Broadcasting Limited under an Asset Purchase Agreement signed on August 14, 2026.

What are the main pressure points disclosed for the quarter?

The company continues to manage various legacy tax demands, regulatory notices from SEBI, and an ongoing CBI investigation pertaining to historic transactions from 2004 to 2010.

13 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

14 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Regulatory Approvals for Acquisition: Monitor the receipt of required regulatory approvals from the Ministry of Information and Broadcasting for consummating the 'GoodTimes' channel acquisition.

  2. 02

    Perpetual Debenture Placement: Track the execution and allotment status of the approved unsecured, non-convertible perpetual debenture issuance up to INR 800 crore.

Learn the metrics

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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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