Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹678Cr
Rev Gr TTM
Revenue Growth TTM
-15.02%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

TVTODAY
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -10.4 | 2.1 | 1.1 | 13.6 | 13.9 | 38.8 | -3.3 | -11.8 | 0.7 | -35.8 | -10.2 | -8.4 |
| 196 | 209 | 202 | 222 | 224 | 237 | 198 | 220 | 245 | 194 | 179 | 200 |
Operating Profit Operating ProfitCr |
| 9.9 | 6.0 | 5.5 | 15.7 | 9.6 | 23.2 | 4.3 | 5.2 | 1.7 | 2.1 | 3.3 | 6.0 |
Other Income Other IncomeCr | -2 | 10 | 9 | 10 | 9 | 10 | 13 | 11 | 12 | 14 | 10 | -5 |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
Depreciation DepreciationCr | 10 | 10 | 10 | 11 | 9 | 8 | 9 | 8 | 8 | 8 | 8 | 7 |
| 8 | 12 | 10 | 39 | 23 | 73 | 11 | 15 | 8 | 10 | 8 | 0 |
| 2 | 3 | 3 | 10 | 6 | 19 | 3 | 4 | 2 | 3 | 2 | 2 |
|
Growth YoY PAT Growth YoY% | -83.6 | -75.0 | -64.4 | 5.4 | 95.9 | 485.2 | 17.8 | -70.0 | -46.3 | -85.7 | -123.9 | -101.6 |
| 2.7 | 3.9 | 3.3 | 11.1 | 4.6 | 16.6 | 4.0 | 3.8 | 2.5 | 3.7 | -1.1 | -0.1 |
| 1.0 | 1.5 | 1.2 | 4.9 | 1.9 | 8.6 | 1.4 | 1.5 | 1.0 | 1.2 | -0.3 | 0.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 22.4 | 22.0 | 12.2 | 10.5 | 3.0 | 15.5 | -8.7 | 18.8 | -5.6 | 6.6 | 6.1 | -14.8 |
| 345 | 420 | 490 | 513 | 543 | 641 | 584 | 686 | 747 | 839 | 893 | 818 |
Operating Profit Operating ProfitCr |
| 27.6 | 27.8 | 24.9 | 28.8 | 26.9 | 25.2 | 25.4 | 26.3 | 14.9 | 10.4 | 10.1 | 3.2 |
Other Income Other IncomeCr | 23 | -10 | 30 | 11 | 37 | 43 | 37 | 44 | 34 | 38 | 46 | 31 |
Interest Expense Interest ExpenseCr | 1 | 6 | 8 | 4 | 1 | 3 | 2 | 3 | 3 | 3 | 2 | 2 |
Depreciation DepreciationCr | 30 | 31 | 29 | 31 | 32 | 39 | 40 | 42 | 41 | 35 | 32 | 30 |
| 123 | 115 | 155 | 183 | 204 | 218 | 194 | 243 | 120 | 97 | 111 | 26 |
| 42 | 53 | 54 | 64 | 72 | 79 | 62 | 62 | 32 | 26 | 28 | 8 |
|
| 32.1 | -23.8 | 62.6 | 18.4 | 10.5 | 6.0 | -5.6 | 38.0 | -51.4 | -19.6 | 16.1 | -86.2 |
| 17.0 | 10.6 | 15.4 | 16.5 | 17.7 | 16.3 | 16.8 | 19.5 | 10.1 | 7.6 | 8.3 | 1.4 |
| 13.6 | 10.3 | 16.8 | 19.9 | 22.0 | 23.4 | 22.0 | 30.4 | 14.8 | 7.0 | 11.5 | 1.9 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
| 420 | 442 | 551 | 632 | 748 | 842 | 961 | 1,128 | 799 | 838 | 861 | 854 |
Current Liabilities Current LiabilitiesCr | 114 | 155 | 170 | 160 | 166 | 199 | 199 | 224 | 212 | 232 | 226 | 179 |
Non Current Liabilities Non Current LiabilitiesCr | 13 | 21 | 17 | 13 | 10 | 21 | 19 | 30 | 32 | 27 | 16 | 12 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 271 | 380 | 508 | 456 | 652 | 761 | 811 | 1,126 | 829 | 897 | 793 | 596 |
Non Current Assets Non Current AssetsCr | 306 | 268 | 260 | 378 | 301 | 331 | 397 | 286 | 244 | 229 | 340 | 478 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 78 | -36 | 120 | 152 | 125 | 201 | 166 | 235 | 41 | 15 | 122 |
Investing Cash Flow Investing Cash FlowCr | -49 | 0 | -103 | -94 | -104 | -15 | -166 | -211 | 371 | 35 | -74 |
Financing Cash Flow Financing Cash FlowCr | -18 | -13 | -16 | -59 | -14 | -168 | -17 | -22 | -427 | -28 | -61 |
|
Free Cash Flow Free Cash FlowCr | 21 | -42 | 106 | 68 | 102 | 188 | 146 | 209 | 11 | -4 | 106 |
| 96.2 | -57.8 | 119.5 | 127.8 | 95.0 | 143.9 | 126.1 | 129.7 | 46.2 | 21.3 | 147.5 |
CFO To EBITDA CFO To EBITDA% | 59.2 | -22.1 | 73.9 | 73.2 | 62.6 | 92.9 | 83.3 | 96.3 | 31.0 | 15.6 | 121.9 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 1,290 | 1,844 | 1,538 | 2,922 | 1,879 | 987 | 1,591 | 2,212 | 1,080 | 1,263 | 933 |
Price To Earnings Price To Earnings | 16.3 | 29.1 | 15.1 | 24.6 | 14.3 | 7.1 | 12.1 | 12.2 | 12.2 | 22.4 | 12.5 |
Price To Sales Price To Sales | 2.7 | 3.2 | 2.4 | 4.0 | 2.5 | 1.1 | 2.0 | 2.4 | 1.2 | 1.4 | 0.9 |
Price To Book Price To Book | 2.9 | 3.9 | 2.6 | 4.4 | 2.1 | 1.1 | 1.6 | 1.9 | 1.3 | 1.5 | 1.1 |
| 9.1 | 10.5 | 7.9 | 13.1 | 8.0 | 4.0 | 6.8 | 8.4 | 8.0 | 10.8 | 6.7 |
Profitability Ratios Profitability Ratios |
| 100.0 | 99.3 | 99.5 | 99.6 | 99.6 | 99.7 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| 27.6 | 27.8 | 24.9 | 28.8 | 26.9 | 25.2 | 25.4 | 26.3 | 14.9 | 10.4 | 10.1 |
| 17.0 | 10.6 | 15.4 | 16.5 | 17.7 | 16.3 | 16.8 | 19.5 | 10.1 | 7.6 | 8.3 |
| 27.2 | 24.2 | 27.4 | 28.3 | 26.2 | 24.7 | 19.5 | 20.7 | 14.3 | 11.0 | 12.4 |
| 18.0 | 13.1 | 17.3 | 18.0 | 16.9 | 16.0 | 13.3 | 15.7 | 10.7 | 8.2 | 9.3 |
| 14.0 | 9.5 | 13.1 | 14.3 | 13.8 | 12.8 | 10.9 | 12.9 | 8.2 | 6.3 | 7.3 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
TV Today Network Ltd (TVTN), a leading entity within the **India Today Group**, stands as a pioneering, multi-platform media powerhouse in India. With a heritage spanning over five decades, the company operates across **television, digital, radio, podcasts, live events, and OTT content**, serving a diverse national and international audience. As of August 2025, TVTN is undergoing a strategic transformation into a **unified, future-ready media organization**, integrating technology, content, and platforms to deliver unparalleled audience engagement and advertiser value.
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### **Strategic Transformation & Business Model**
TVTN is moving beyond traditional media silos through an **enterprise-wide operating model**, leveraging digital acceleration, AI innovation, and omnichannel distribution to become a **cultural institution and strategic brand partner**. The company is transitioning from rapid digital expansion to a **sustainable, lean, and tech-driven growth phase**, emphasizing operational efficiency, content scalability, and monetization optimization.
Key strategic pillars include:
- **Digital-First Approach**: Deep investment in mobile-first, social-native content and owned platforms.
- **Integrated Sales Model**: An enterprise-wide client engagement strategy offering advertisers seamless access across TV, digital, CTV, podcasts, and live events.
- **Cultural Relevance**: A mission to spark public dialogue and reflect India's diversity through storytelling that resonates across languages, generations, and geographies.
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### **Core Platforms & Audience Reach**
#### **Television**
TVTN operates four TV channels:
- **Aaj Tak** (Hindi News) – India’s #1 Hindi news channel for 23 consecutive years (BARC).
- **Aaj Tak HD** – High-definition extension of Aaj Tak.
- **India Today TV** – Leading English news channel; #1 in time spent per viewer.
- **Good News Today (GNT)** – Positive journalism channel, now second-highest reach among Hindi free-to-air news channels.
In FY 2023–24, the network reached **54.1 crore viewers**, averaging 24.8 crore monthly, with **Aaj Tak generating 100 crore gross impressions** among affluent urban audiences (HSM 22–40 AB).
#### **Digital Ecosystem**
TVTN boasts a **cumulative digital reach of 327 million users**, generating **793 million page views** and over **3 billion video views monthly**.
- **Aaj Tak**: World’s most-subscribed news channel with **72 million YouTube subscribers**, a custom YouTube button, and **2.02 crore followers on WhatsApp**.
- **The Lallantop**: A digital-first Hindi storytelling leader with 33 million subscribers, 3.2 billion YouTube views, and 184 million hours of watch time.
- **Tak Ecosystem**: A network of **20+ digital-first brands** including **Crime Tak, Mumbai Tak, Punjab Tak, Kisan Tak**, and **Astro Tak**, delivering vernacular, regional, and niche content.
- **Websites**: **aajtak.in**, **indiatoday.in**, and **businesstoday.in** are India’s top news websites, with **aajtak.in ranking #1 in all industries** on SimilarWeb.
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### **Technology & Innovation Leadership**
#### **Artificial Intelligence (AI)**
TVTN is a **global leader in AI adoption in media**, transforming editorial, production, and business operations:
- **Sana**: World’s first full-time AI news anchor, delivering multilingual news updates on Aaj Tak AI’s YouTube channel.
- **Five Regional AI Anchors**: Naina (Bhojpuri), Jai (English), Aishwarya (Hindi), Aaina (Bengali), and Saili (Marathi).
- **AI Pop Stars Aishan & Ruh**: Virtual artists under the **A-POP** entertainment venture, blending music, technology, and AI creativity.
- **AI Workflows**: Automated translation, summarization, repurposing, voiceovers, and vertical video formatting. Over **500 AI-generated videos/month** produced.
- **In-house Ei Dashboard**: Real-time analytics for editorial and business decisions — among India’s most advanced newsroom systems.
- **AI in Elections**: AI-powered Election Insights Platform with Rally Tracker (analyzed 200+ speeches) and ground-to-air coverage via “Helicopter Shot.”
Future AI Roadmap: AI co-pilots for journalism, autonomous campaign testing, generative scripts, and smart production tools.
#### **Connected TV (CTV)**
TVTN is the **undisputed leader in CTV**:
- Achieved **1.13 billion views and 11.35 billion minutes watched**.
- 1.5x more viewer time than nearest competitor.
- **66% YoY growth in CTV views (FY 2023–24)**; **518.4 million total minutes viewed**.
- Strategic partnerships with **Samsung, Amazon Alexa, and Bosch**.
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### **Expansion into New Verticals**
#### **Live Events: Stage Aaj Tak**
Launched in FY 2024–25 as a strategic entry into India’s $1.2B+ live events economy:
- Debut: **Yo Yo Honey Singh’s Millionaire India Tour** – 10 cities, **200,000+ attendees**, sold-out shows.
- Tech-driven experiences: AI visuals, custom stage designs, immersive storytelling.
- Generated **5.5 billion digital impressions**, setting benchmarks in fan engagement.
#### **Live Events & Forums**
- Two-decade legacy of high-profile **India Today Conclaves**, fostering dialogue among global leaders.
- Events combine debate, networking, and immersive content, reinforcing brand authority.
#### **Podcasts & Audio**
- Launched **Aaj Tak Radio** in 2022; now India's #1 Hindi podcast platform.
- 58 episodes/week; 23 podcasts.
- **Teen Taal** (Best Hindi Podcast, ENBA Gold), **Din Bhar** (WAN-IFRA Award).
- Top 10 on Apple Podcasts News; 5 chart-toppers.
- 680% YoY YouTube growth in audio content.
#### **OTT & Original Content: India Today Originals**
- Production house for high-impact documentaries and fiction.
- Netflix & Prime Video titles:
- *Curry & Cyanide: The Jolly Joseph Case* (Global Top 10 in 30 countries).
- *Buried Truth: The Indrani Mukerjea Story*.
- Pipeline includes docu-soaps, docu-reality, and Hindi/regional fiction.
- Expanding into **100 hours of Amazon Audible originals**.
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### **Radio: Ishq 104.8 FM**
- Branded as **India’s only romantic radio station**.
- Operates in **Delhi, Mumbai, Kolkata**.
- Differentiated by emotional content, RJ storytelling, celebrity shows (e.g., *Ishq with Nusrat*).
- Expanded into **live concerts**: Grand events with Sonu Nigam, Sunidhi Chauhan.
- Reached **20 million social media accounts** in 2024.
- Revenue via **consumer ticketing model**, creating direct audience monetization.
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### **Content Innovation & Audience Engagement**
- **Good News Today (GNT)**: Focused on positive journalism; pandemic-born, now mainstream.
- **So Sorry**: Award-winning animated satire series with millions of views; cultural phenomenon in political commentary.
- **Virtual Sets & AR**: Hyper-realistic visuals for major events (e.g., Ram Mandir Pran Pratishtha: **1.8 million peak concurrent viewers**).
- **Data-Driven Journalism**:
- **Data Intelligence Unit (DIU)** and **OSINT Team** – recognized globally for investigations (e.g., China-Uttarakhand border, Israel-Hamas).
- **#1 video news publisher** in second half of FY 2023–24.
- **Interactive Campaigns**:
- AR filters (e.g., Bhagat Singh hat on Independence Day: 400K+ users).
- Live polls, quizzes, and audience co-creation.
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### **Geographic & Demographic Reach**
- **Pan-India presence** across all 28 states; **20+ regional digital channels**.
- International reach in **60 countries**; **12.2% of revenue from exports**.
- Digital-first focus on **vernacular audiences** and **youth (18–35)**.
- Leadership among **affluent, urban English (India Today TV)** and **mass Hindi (Aaj Tak)** demographics.
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### **Leadership & Governance**
- **Chairman & Whole-Time Director**: Mr. Aroon Purie
- **Vice Chairperson & Managing Director**: Ms. Kalli Purie
- Leadership has guided the group’s evolution into a **comprehensive digital ecosystem** across broadcast, digital, social, and live events.
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### **Key Strengths**
1. **Market Leadership**: Dominant in TV, CTV, YouTube, WhatsApp, and digital news.
2. **First-Mover in AI**: From AI anchors to AI pop stars and automated workflows.
3. **Omnichannel Integration**: Seamless content repurposing across 30+ platforms.
4. **Brand Trust & Credibility**: Built on five decades of high-impact journalism.
5. **Scalability**: AI and automation enable rapid content scaling without compromising quality.
6. **Audience-Centric Innovation**: Mobile-first, vernacular, and experiential content strategies.
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