Are T.V. Today Netw. latest results good or bad?

T.V. Today Network's latest financial results for Q2 FY26 reflect significant operational challenges. The company reported a net loss of ₹1.98 crore, a stark contrast to the profit recorded in the previous quarter. This loss represents a notable decline in profitability, with net sales also decreasing to ₹187.55 crore, marking the lowest quarterly revenue in recent periods. The sales figures indicate a sequential decline of 5.49% from the previous quarter and a year-on-year decrease of 9.30%.
The operating margin, which excludes other income, fell to 1.86%, down from 2.12% in the prior quarter. This margin compression is concerning, especially considering the substantial drop from 23.23% achieved in June 2024. The company's operational performance has been further impacted by a reliance on non-operating income, which constituted a significant portion of profit before tax, highlighting underlying weaknesses in the core broadcasting business.

The financial data illustrates a troubling trend of declining revenues and profitability, with the company experiencing a negative financial trend since September 2025. Additionally, T.V. Today Network's return on equity has averaged 11.24%, which is below industry standards, and its return on capital employed has reached a record low of 4.68%.

In light of these results, the company saw an adjustment in its evaluation, reflecting the ongoing operational difficulties and the broader challenges faced within the media and entertainment sector. The outlook remains cautious as the company navigates these significant hurdles in a competitive landscape.