TV Today’s operating margin drops 2.94 points sequentially
Revenue fell 5.74% sequentially while expenses fell only 2.75%, and net profit dropped 24.46%.
Filed 02 Nov 2026, 17:52 IST · after market close · T.V. Today Network Ltd (TVTODAY)
Key takeaways
- Consolidated operating margin fell 2.94 percentage points sequentially to 4.72% as revenue declined faster than expenses.
- Other income contributed 100.29% of consolidated pre-tax profit, making the Rs 7.75 cr net profit less operating-led.
- T.V. Today’s 4.72% operating margin was 8.02 percentage points below the 12.74% median of 153 reported sector peers.
Price around the results
Revenue slowdown cuts through to profit
Consolidated revenue declined 5.74% sequentially to Rs 194.38 cr, while net profit fell 24.46% to Rs 7.75 cr. EPS declined 24.42% to Rs 1.3, a sharper fall than revenue.
Costs fell slower than revenue; other income supported PBT
Expenses declined 2.75%, less than the 5.74% fall in revenue, which narrowed operating margin by 2.94 percentage points. Interest rose 16.67% and depreciation increased 7.99%, adding to pressure below operating profit. Other income rose 63.66% and represented 100.29% of pre-tax profit, while the tax rate increased 1.17 percentage points to 27.59%.
Operating margin trails the sector benchmark
The company’s 4.72% operating margin was 8.02 percentage points below the 12.74% median for 153 Consumer Discretionary peers that had reported the quarter. T.V. Today ranked 27th from the bottom on this measure.
Results were filed after market close
The consolidated results were filed at 17:52 IST on 2 November 2026, after the market close. There is therefore no post-results market reaction to assess yet.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹194 cr | ₹206 cr | -5.74% |
| Other income | ₹11 cr | ₹6 cr | +63.66% |
| Expenses | ₹185 cr | ₹190 cr | -2.75% |
| Operating profit | ₹9 cr | ₹16 cr | -41.86% |
| Operating margin (%) | 4.72% | 7.66% | — |
| Interest | ₹1 cr | ₹0 cr | +16.67% |
| Depreciation | ₹9 cr | ₹8 cr | +7.99% |
| Profit before tax | ₹11 cr | ₹14 cr | -23.51% |
| Tax | ₹3 cr | ₹4 cr | -20.11% |
| Net profit | ₹8 cr | ₹10 cr | -24.46% |
| EPS (₹) | ₹1.30 | ₹1.72 | -24.42% |
Operating margin of 4.72% compares with a Consumer Discretionary sector median of 12.74% across 153 peers that have reported Q2FY27.
What to watch
- Revenue in the next quarter versus Rs 194.38 cr.
- Operating margin versus 4.72% after the 2.94-point sequential decline.
- Other income’s share of pre-tax profit versus 100.29%, alongside the 27.59% tax rate.