TV Vision Limited Approves FY 2026 Financial Results Amid Audit Qualifications
TV Vision Limited announced that its Board of Directors approved the Audited Standalone and Consolidated Financial Results and Statements for the quarter and the financial year ended March 31, 2026.The Board Meeting considered and approved the results along with the Auditor's Report issued by the Statutory Auditors of the Company.
Financial Position (Standalone & Consolidated)
The audited financial statements for the quarter and year ended March 31, 2026, provide a detailed view of the company’s financial position.Statement of Standalone and Consolidated Audited Financial Results (in Lakhs, except Earnings Per Share)
| Particulars | Quarter Ended 31 Dec 25 | Quarter Ended 31 Mar 26 | Year Ended 31 Mar 26 (Standalone) | Year Ended 31 Mar 26 (Consolidated) |
|---|---|---|---|---|
| Total Income (asb) | 16.87 | 4,800 | 5,503.87 | 5,503.87 |
| Total Expenditure (asbscsdvert) | 135,180 | 64,936 | 17,731 | 17,731 |
| Profit/(Loss) before Tax | (1,330.93) | (7,822.7) | (2,673.44) | (2,673.00) |
| Total Comprehensive Income | 3,874.45 | 387,445 | (18,251.3) | (18,251.3) |
Statement of Standalone and Consolidated Assets and Liabilities (in Lakhs)
| Particulars | Standalone as at 31 Mar 26 | Standalone as at 31 Mar 25 | Consolidated as at 31 Mar 25 |
|---|---|---|---|
| TOTAL ASSETS | 5,122.43 | 9,019.12 | 5,713.54 |
| TOTAL EQUITY | (14,425.49) | (10,378.28) | (13,376.50) |
| TOTAL EQUITY AND LIABILITIES | 5,122.43 | 9,019.12 | 5,713.54 |
***
Audit Observations and Qualifications
The company's standalone financial results received a Qualified Opinion from P. Parikh & Associates Chartered Accountants.Key areas of qualification included:
1. Understated Finance Costs and Accumulated Losses: The audit noted that during the financial year 2025-26, a petition was filed by Punjab National Bank (PNB) before the Hon'ble National Company Law Tribunal (NCLT). PNB claimed an amount of Rs. 294.43 crores as outstanding as on December 31, 2025. The difference between the amount claimed and the outstanding balance recorded by the company (Rs. 98.94 crores) is Rs. 195.50 crores. This difference primarily represents interest not recognized by the company in the current and earlier financial years. Consequently, finance costs for the year ended March 31, 2026, are understated by at least Rs. 26.16 crores, and accumulated losses/other equity and financial liabilities are understated by at least Rs. 195.50 crores.
2. Impairment of Business and Commercial Rights: The aggregate carrying value of Business and Commercial Rights in the books as of March 31, 2026, is Rs. 1,250.39 Lakhs. Since there was no revenue generation from the monetization of these assets during the quarter and the year ended March 31, 2026, the auditors opined that an impairment loss of Rs. 1,250.39 Lakhs should be provided, indicating that the company's assets are overstated and the net loss is understated to that extent.
3. Unrecorded Interest on Operational Costs: The company did not provide for interest expenses on late payment of Carriage Fees and other Operational Costs payable to vendors whose balances are outstanding as on March 31, 2026. The exact amount of provision for interest cannot be ascertained due to the lack of supporting working.
Cash Flow Analysis
The cash flow statements provide insight into the company's cash generation and usage.Standalone Cash Flow Summary (in Lakhs)
| Metric | Year Ended 31 Mar 2026 | Year Ended 31 Mar 2025 |
|---|---|---|
| Operating Profit/(Loss) before Working Capital Changes | (1,935.81) | (1,137.19) |
| Net Cash generated from Operating Activities | 375.38 | (49.56) |
| Net Cash (used in) Investing Activities | (1.56) | (1.31) |
| Net Cash (used in)/ generated from Financing Activities | (463.75) | 54.07 |
| Closing Balance of Cash and Cash Equivalents | 6.49 | 96.43 |
Consolidated Cash Flow Summary (in Lakhs)
| Metric | Year Ended 31 Mar 2026 | Year Ended 31 Mar 2025 |
|---|---|---|
| Operating Profit/(Loss) before Working Capital changes | (1,937.40) | (1,141.92) |
| Net Cash generated from Operating Activities | 365.10 | (43.17) |
| Net Cash (used in) Investing Activities | (1.56) | (1.31) |
| Net Cash (used in)/ generated from Financing Activities | (463.75) | 54.07 |
| Closing Balance of Cash and Cash Equivalents | 8.42 | 108.63 |
TVVISION Stock Price Movement
Shares of TV Vision Limited are edging higher to ₹5.41 as of 3:29 PM today, rallying 1.12% in live trading. The stock has climbed significantly from its day's low of ₹5.2, with trading activity seeing 8,142 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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