NDTV: Consolidated Loss Narrows 14% YoY to ₹63.5 Cr as Revenue Rises 5.9%

New Delhi Television's consolidated revenue from operations rose 5.9% YoY and 10.4% QoQ to ₹129.47 Cr, while the consolidated net loss narrowed to ₹63.51 Cr from ₹74.01 Cr a year ago (-14.2%) and from ₹81.88 Cr last quarter (-22.4%); EPS improved to -₹5.61 from -₹11.49 YoY and -₹7.24 QoQ. Standalone entity posted a ₹59.03 Cr loss on ₹83.44 Cr revenue — the gap to consolidated reflects subsidiary NDTV Convergence Limited's contribution plus a ₹0.65 Cr share of associate/joint-venture profit that doesn't appear at the standalone level. The margin trend drove the narrower loss: net margin (PAT/total income) improved to -47.3% from -59.2% YoY and -68.3% QoQ, while operating margin (core result before finance costs and depreciation, on revenue from operations) improved to -39.0% from -46.5% YoY and -57.8% QoQ. This is a clean comparison — no exceptional items were booked in either the current or year-ago quarter, with exceptional items appearing only in the FY26 full-year column (₹5.30 Cr consolidated). Zero tax expense was recorded, continuing the pattern of recent loss-making quarters. No formal management guidance is on record for NDTV, and no broker consensus or preview for this quarter could be located, so the print cannot be benchmarked against external expectations — both vs-guidance and vs-street comparisons are unknown. No management press release was available with this filing to cross-check the company's own framing of the quarter. The same board meeting that approved these results also cleared raising up to ₹800 Cr via unsecured, non-convertible perpetual debentures (9% p.a. cumulative coupon payable at Board discretion, private placement, no fixed maturity) — a capital-structure move running alongside the continuing operating loss. The quarter also carried forward the up-to-₹18 Cr GoodTimes channel acquisition (Asset Purchase Agreement signed 14 August 2026, pending Ministry of Information & Broadcasting approval) and the August rebrand of the English news channel from NDTV 24x7 to NDTV.