Synopsis: New Delhi Television Ltd (NDTV) reported a mixed Q4 FY26 performance, with strong revenue growth but continued losses. While the topline improved significantly, profitability remained under pressure due to high operating costs and negative margins. 

New Delhi Television Ltd (NDTV) is one of India’s leading media and broadcasting companies, known for its presence across television and digital platforms. The company operates in a highly competitive media industry where advertising revenue, digital expansion, and cost management play a crucial role in profitability. 

As of today, NDTV is trading at Rs. 78.80, with a market capitalization of Rs. 892 crore falling by 3.47 percent compared to their previous close of Rs. 81.63. The stock has touched a 52-week high of Rs. 141 and a low of Rs. 58.8, indicating volatility in price movement. The company has a book value of Rs. 11.4, while profitability ratios remain weak with ROCE at -72.5% and ROE at -339%, reflecting ongoing financial stress. 

In Q3 FY26 (Dec 2025), NDTV reported revenue of Rs. 152.2 crore, slightly higher than Q4. The company posted a net loss of Rs. 80.3 crore, while operating loss stood at Rs. 61.4 crore, indicating continued pressure on margins and cost structure. 

In Q4 FY26 (Mar 2026), NDTV reported revenue of Rs. 150.6 crore, reflecting a 17.4% YoY growth compared to Rs. 128.2 crore in Q4 FY25, but a slight decline of 1% QoQ from Rs. 152.2 crore in Q3. On the profitability front, the company reported a net loss of Rs. 97.8 crore, which widened significantly by 21.8% QoQ from Rs. 80.3 crore and sharply increased on a yearly basis. 

The operating loss expanded to Rs. 84.6 crore, compared to Rs. 61.4 crore in Q3, indicating rising cost pressures. This also led to a deterioration in margins, with operating margin falling to -57.1% in Q4 from -40.8% in Q3, highlighting weak operating efficiency. 

NDTV’s Q4 FY26 performance reflects a clear divergence between revenue growth and profitability. While the company is successfully improving its topline, persistent losses and declining margins remain key concerns. Going forward, the focus will be on cost optimization and improving operational efficiency to achieve sustainable profitability. 

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