Raj Television Network Q2 Revenue Rises 17.3% to ₹184.87 Million

Raj Television Network Limited reported revenue of ₹184.87 million for the quarter ended September 30, 2026, up 17.30% from ₹157.60 million a year earlier, while operating profit was ₹29.54 million versus ₹10.79 million in the corresponding previous quarter.

What did Raj Television Network report for the September 2026 quarter?

Raj Television Network reported a year-on-year increase in quarterly sales and revenue to ₹184.87 million for the second quarter ended September 30, 2026. The company had reported ₹157.60 million in sales and revenue in the year-ago quarter, resulting in the stated 17.30% growth rate.

The company operates in television broadcasting and software production and is listed on the BSE under scrip code 532826 and on the NSE under the symbol RAJTV. Its September-quarter disclosure covered the second quarter and six-month period ended September 30, 2026, although the supplied results summary provides specific operating figures for the quarter.

The reported operating profit was ₹29.54 million, compared with ₹10.79 million for the corresponding previous quarter cited in the results summary. This indicates a ₹18.75 million increase in operating profit on that comparison basis. The source does not provide a separate year-on-year operating-profit figure or detailed expense line items.

The supplied data also refers to total revenue of ₹16.81 million, up 918.79% from ₹1.65 million. This figure differs from the separately reported sales and revenue figure of ₹184.87 million. Raj Television Network's disclosure excerpt does not provide sufficient detail in the supplied material to reconcile these two revenue references.

How were the September-quarter results approved and disclosed?

Raj Television Network said its board considered and approved the unaudited financial results and the limited review report at its meeting on November 12, 2026. The meeting commenced at 12:00 p.m. and concluded at 4:30 p.m., according to the company communication.

The results were reviewed and recommended by the Audit Committee before board approval. The company said the filing was made in accordance with Regulation 33 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

The limited review report accompanies the unaudited results, which means the quarterly numbers were subject to a review process rather than presented as audited annual accounts. Raj Television Network said the results were available through BSE, NSE and its corporate website, rajtvnet.in.

The filing sequence follows the company's earlier quarterly reporting process. For the June 2026 quarter, the board approved unaudited results on August 11, 2026, with newspaper extracts subsequently published on August 12, 2026 in Trinity Mirror and Makkal Kural.

What is the financial context behind the quarterly performance?

Raj Television Network's September 2026 revenue growth follows a June 2026 disclosure that reported revenue from operations of ₹1,496.75 million in the financial-results extract supplied. That filing was for the reporting period ended June 30, 2026, but the available excerpt does not specify whether the figure is standalone, consolidated, quarterly or year-to-date beyond the table headings provided.

The company has continued to issue quarterly unaudited results under the SEBI listing framework. Its prior September 2025 results were approved by the board on November 11, 2025, and newspaper extracts were published on November 12, 2025. The 2026 September-quarter approval therefore occurred broadly in the same reporting window a year later.

For investors, the key comparable disclosed for the latest quarter is the ₹157.60 million revenue recorded in September 2025. The rise to ₹184.87 million provides a direct year-on-year measure of top-line movement, while the operating-profit comparison in the supplied summary is against a previous quarter rather than the year-ago period.

The supplied material does not include subscriber data, advertising revenue, programming costs, cash flow, debt, segment performance or earnings per share. These omissions limit any conclusion about the precise drivers of revenue growth or the sustainability of the operating-profit movement.

How does the result affect investors and the media business?

The September-quarter result gives investors a confirmed revenue benchmark of ₹184.87 million and a reported operating profit of ₹29.54 million. The higher revenue and operating profit are the principal financial changes disclosed in the results summary, but no share-price movement or investor reaction is included in the supplied information.

For a broadcaster and software producer, quarterly revenue can be relevant to the scale of its media operations, but the disclosure does not identify the mix of income across broadcasting, content, software production or other activities. It also does not state whether revenue changes were driven by advertising, distribution, programming or a specific customer arrangement.

The ₹18.75 million difference between the reported operating-profit figures is notable because it exceeds the ₹27.27 million year-on-year increase in quarterly revenue only when considered as an absolute change against a different comparison period. These are not like-for-like comparisons, so the figures should not be used to calculate a year-on-year operating margin trend.

The separate reference to ₹16.81 million total revenue also requires care. Until the company provides a detailed statement or clarification that reconciles it with reported sales and revenue of ₹184.87 million, investors should treat the two figures as distinct references in the supplied results material rather than combine them.

Conclusion

Raj Television Network's September 2026 quarter showed revenue of ₹184.87 million, 17.30% above the year-ago figure of ₹157.60 million, alongside operating profit of ₹29.54 million. The board-approved unaudited results provide a positive top-line comparison, while the operating-profit comparison must be read as a sequential reference based on the information supplied.

The next item to watch is the company's fuller financial statement and subsequent quarterly disclosure, particularly for a reconciliation of the separately cited ₹16.81 million total-revenue figure, operating-cost details and any disclosure on the six-month performance ended September 30, 2026.