Are TV Vision Ltd latest results good or bad?

TV Vision Ltd's latest financial results indicate a challenging situation for the company. In Q2 FY26, the company reported a net loss of ₹9.99 crores, which reflects a significant decline compared to the same quarter last year. Revenue also fell sharply to ₹5.94 crores, marking a substantial year-on-year decrease. This decline in revenue has been consistent, as it represents the seventh consecutive quarter of decreasing sales, with a total drop of approximately 72.79% over the past eight quarters. The operational metrics reveal severe distress, as the operating margin before depreciation, interest, tax, and other income was reported at negative 105.39%. This indicates that the company is incurring losses that exceed its revenue, highlighting a critical inability to manage costs effectively amidst declining sales. Furthermore, the company's book value per share stands at negative ₹37.11, indicating complete erosion of shareholder equity. On a half-yearly basis, the financial performance is equally concerning, with a cumulative net loss of ₹15.18 crores for H1 FY26, compared to ₹12.28 crores in H1 FY25. The gross profit margin has also deteriorated significantly, reflecting ongoing operational challenges. The overall financial landscape for TV Vision Ltd suggests that the company is facing fundamental structural issues within its business model, compounded by a lack of institutional support and a declining market position in the media and entertainment sector. The company saw an adjustment in its evaluation, reflecting these ongoing challenges and the precarious state of its financial health.