TV Today Q1 FY27: PAT jumps 40% YoY to ₹10.3 Cr as margins expand on cost control
PAT +39.59% YoY · revenue +4.58% · margins expanding
₹206.22 Cr
+4.58% YoY
₹10.26 Cr
+39.59% YoY
4.82%
+1.3pp YoY
₹1.72
TV Today Network's consolidated revenue came in at ₹206.22 Cr, up 4.58% YoY but down 3.40% QoQ from Q4 FY26's ₹213.47 Cr. Consolidated net profit was ₹10.26 Cr, up 39.59% YoY from ₹7.35 Cr and up 13.75% QoQ from ₹9.02 Cr; basic EPS rose to ₹1.72 from ₹1.23 a year ago. Standalone PAT of ₹10.49 Cr (+43.31% YoY) tracks closely with the consolidated print, so there is no material divergence between the two bases. Neither the current nor the year-ago quarter carried exceptional items, so the YoY PAT growth is on a clean, comparable footing — unlike the QoQ comparison, where Q4 FY26 included a ₹2.72 Cr exceptional-item reversal that flattered that base.
Q1 FY-2027 vs prior quarters
The margin story is the real driver of the print. Net profit margin (PAT/total income) expanded to 4.83% from 3.53% a year ago and 3.97% last quarter; operating margin (PBT before exceptional items/revenue from operations) rose to 6.66% from 5.07% YoY and 4.49% QoQ. This expansion came from cost discipline, not favourable other income — other income actually fell 39% YoY to ₹6.44 Cr from ₹10.64 Cr. Total expenses of the continuing television/media business grew just 0.55% YoY to ₹198.92 Cr (from ₹197.83 Cr) against 4.58% revenue growth: production cost rose 12.4% to ₹25.45 Cr, but employee benefits expense was nearly flat (+0.9%) and other expenses fell 3.5%, giving the topline growth full operating leverage.
The stock went into the print at ₹116.61, down 8.3% over the past month of trading.
For context: this is the highest quarterly PAT in the last 6 quarters on our records; PAT has now risen for 3 consecutive quarters.
No quarter-specific street estimates for Q1 FY27 were found — the result was declared today (Aug 5, 2026) and no pre-result previews surfaced in a search; the only reference point available is a broader analyst view (Univest) projecting 15-20% full-year FY27 PAT growth, against which this quarter's 39.59% YoY PAT growth is running well ahead, though one quarter doesn't set the annual trend. Management has issued no formal guidance on record, so vsGuidance cannot be assessed either, and no management press-release commentary was available to cross-check against the print. The Radio business remains classified as a disposal group held for sale after MIB and WPC approvals for its sale to Abhijit Realtors for ₹10 Cr; it added a net ₹0.15 Cr to this quarter's consolidated profit. Also on record this quarter, none bearing materially on the P&L: no final FY26 dividend, AGM set for Sep 17, 2026, and a May 2026 ITAT ruling in the company's favour on a tax dispute.
W1
Completion of the Radio business sale to Abhijit Realtors (₹10 Cr consideration) — MIB and WPC approvals are in, deal execution is the next checkpoint
W2
Durability of the margin gain given other income fell 39% YoY to ₹6.44 Cr — whether continuing-ops expense growth (+0.55% YoY this quarter) stays this contained as revenue scales
W3
FY27 PAT trajectory vs the ~15-20% full-year analyst growth view (Univest) — Q1's +39.59% YoY is running well ahead; watch whether subsequent quarters converge toward that range
Clean typed statement, unambiguous column headers, all figures cross-checked against the segment note. PBT/tax/PAT above are TOTAL (continuing + discontinued Radio ops, per line 11 'Net Profit'); totalExpenses (198.92 consol / 198.59 standalone) covers continuing operations only, as the filing shows discontinued ops net of tax with no expense breakout. No exceptional items in current or year-ago quarter (both nil); Q4 FY26 carried a Rs 2.72 Cr exceptional-item reversal, so QoQ base is not fully clean. Standalone and consolidated tell the same story (PAT +43.3% vs +39.6% YoY), no material divergence.