NDTV reports Rs 63.51 cr consolidated pre-tax loss in Q2FY27
Expenses exceeded revenue by Rs 50.44 cr, while the operating margin trailed the reported sector median by 51.38 percentage points.
Filed 26 Oct 2026, 19:26 IST · after market close · New Delhi Television Ltd (NDTV)
Key takeaways
- Revenue did not cover expenses, leaving NDTV with a consolidated operating loss of Rs 50.44 cr.
- The consolidated pre-tax loss was Rs 63.51 cr despite Rs 5.52 cr of other income, while tax was zero.
- NDTV's operating margin was 51.18 percentage points below the 12.22% median of 65 Consumer Discretionary peers.
Price around the results
Revenue fell short of the cost base
NDTV's consolidated revenue of Rs 129.47 cr did not cover expenses of Rs 179.91 cr, resulting in an operating loss of Rs 50.44 cr. Interest of Rs 7.69 cr and depreciation of Rs 10.90 cr pushed the pre-tax loss to Rs 63.51 cr.
Other income did not change the loss outcome
Other income of Rs 5.52 cr provided some support but could not offset the operating loss and below-operating charges. With tax at zero, the pre-tax loss flowed through to net loss without any tax-rate benefit.
Margin ranked near the bottom among reported peers
NDTV's operating margin of -38.96% was 51.18 percentage points below the 12.22% median for 65 Consumer Discretionary peers that had reported the same quarter. It ranked second from the bottom on this measure.
Initial stock reaction was positive
The stock rose 3.23% on 27 October after the results, with the volume ratio at 1.34x. There is no recent post-results history here to establish whether that move was ordinary for NDTV.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹129 cr |
| Other income | ₹6 cr |
| Expenses | ₹180 cr |
| Operating profit | ₹-50 cr |
| Operating margin (%) | -38.96% |
| Interest | ₹8 cr |
| Depreciation | ₹11 cr |
| Profit before tax | ₹-64 cr |
| Tax | ₹0 cr |
| Net profit | ₹-64 cr |
| EPS (₹) | ₹-5.61 |
Operating margin of -38.96% compares with a Consumer Discretionary sector median of 12.22% across 65 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +3.23% | +3.24% |
Volume on the results session was 1.34× its 20-day average.
What to watch
- Whether operating margin improves from -38.96%.
- Whether revenue moves above Rs 129.47 cr without a further expansion in the cost base.
- Whether other income remains a support against the operating loss.