September-quarter results approved; rights issue, NCD and ESOP allotments on record
Board met on October 19, 2026 and approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 133.46 | 176.28 | −24.3% | 120.84 | +10.4% |
| Total income | 309.51 | 551.23 | −43.9% | 522.14 | −40.7% |
| Profit before tax | (900.16) | 92.49 | — | (535.56) | −68.1% |
| Profit after tax | (651.40) | 80.86 | — | (360.64) | −80.6% |
| Total comprehensive income | (4,453.92) | (288.79) | — | 434.10 | — |
| Basic EPS | (1.35) | 0.17 | — | (0.76) | −77.6% |
- Total income
- Latest 309.51; Year ago 551.23 (−43.9%); Prev qtr 522.14 (−40.7%)
- Profit after tax
- Latest (651.40); Year ago 80.86; Prev qtr (360.64) (−80.6%)
- Period
- September 30, 2026 (Un-audited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- On September 11, 2026 the Board allotted 8,261,401 partly paid-up CCPS (Rs. 50 paid up) and 8,261,401 partly paid-up warrants (Rs. 5 paid up) under a Rights Issue of upto Rs. 9,100 lakhs.
- On July 22, 2026 the Board allotted 5,000 NCDs of face value Rs. 100,000 each aggregating to Rs. 5,000 lakhs.
- Financial assets/income exceeded 50% thresholds at March 31, 2026 and 2025; per legal opinion, NBFC registration under Section 45-IA of RBI Act presently not required.
- Exceptional item of Rs. 15.77 lakhs in FY ended March 31, 2026 for incremental impact of new labour law 'definition of wages'.
What the board approved
The board of directors met on Monday, October 19, 2026, from 06:00 p.m. to 09:17 p.m. IST and approved the unaudited financial results, both standalone and consolidated, for the quarter and half year ended September 30, 2026. The statutory auditors, S N Dhawan & CO LLP, carried out a limited review and stated that nothing came to their attention that causes them to believe the statement has not disclosed what is required or contains any material misstatement.
The quarterly numbers, standalone
All figures are as printed in the standalone statement, which is presented in Rs. lakhs.
- Revenue from operations: Rs. 133.46 lakh
- Other income: Rs. 176.05 lakh
- Total income: Rs. 309.51 lakh
- Finance costs: Rs. 485.96 lakh
- Total expenses: Rs. 1,209.67 lakh
- Profit/(loss) for the period: (Rs. 651.40) lakh
- Basic and diluted earnings per share: (Rs. 1.35)
For the half year ended September 30, 2026, Revenue from operations was Rs. 254.30 lakh, Total income was Rs. 831.65 lakh and Profit/(loss) for the period was (Rs. 1,012.04) lakh.
Segment view
The statement divides the business into media and technology operations and an operated market segment (Times Out). For the September 2026 quarter, media and technology operations reported segment revenue of Rs. 133.46 lakh and a segment result of (Rs. 129.34) lakh, while the operated market segment reported a segment result of (Rs. 370.19) lakh.
Fund-raising actions on record
- On vesting of stock options under the QDL Employee Stock Option Plan, the board allotted 25,500 equity shares by approval dated April 06, 2026.
- Under a rights issue, 8,261,401 partly paid-up 10% Non-Cumulative Non-Participating CCPS of face value Rs. 100 each, with Rs. 50 paid up per share, and 8,261,401 partly paid-up Detachable Warrants of face value Rs. 10 each, with Rs. 5 paid up per warrant, were allotted, for an aggregate consideration up to Rs. 9,100 lakhs.
- A First and Final Call of Rs. 5 per warrant on 8,261,401 warrants was approved on October 09, 2026; trading in these securities commenced on September 18, 2026 after BSE approval.
- 5,000 Secured, Unlisted, Unrated, Redeemable, Non-Convertible Debentures of face value Rs. 100,000 each, aggregating Rs. 5,000 lakhs, were allotted on July 22, 2026.
- The company states there has been no deviation in use of rights issue proceeds, and that Rs. 84.13 lakhs pending utilisation is held in a separate bank account for rights issue expenses.
NBFC threshold note
The company states that income from financial assets exceeded 50 percent of gross income and financial assets exceeded 50 percent of total assets at March 31, 2026 and March 31, 2025. Based on an external legal opinion, it is presently not required to register as a Non-Banking Financial Company, as those thresholds are viewed as arising from extraordinary and non-recurring circumstances. Management expects operational income to exceed the 50 percent of gross income threshold in ensuing financial years and treats this as non-recurring.
Business updates
- Time Out Media, a digital platform curated by local influencers serving as a guide to Indian cities, was officially launched in India in the previous quarter.
- Time Out Market at Worldmark Aerocity, New Delhi, is expected to commence revenue operations during the current financial year.
- A prior-year change in control at Quintype Technologies Inc is noted: GMT took majority control of its board effective October 1, 2025, and QT Inc along with Quintype Services India Private Limited became subsidiaries of GMT.
Points a reader may track
- Finance costs of Rs. 485.96 lakh for the quarter compared with Revenue from operations of Rs. 133.46 lakh, and how the newly launched businesses change that mix once they start earning revenue.
- Deployment of the money raised through the partly paid CCPS, warrants and NCDs.
- The listed Rs. 15.77 lakhs recognised as the incremental impact of the change in the definition of wages under new labour law, shown under Exceptional Items for the year ended March 31, 2026.
Also from Quint Digital
First and final call of ₹ 5.00 per partly paid warrant payable November 06 to November 20, 2026
21 Oct 2026
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19 Oct 2026
Monitoring agency report: NIL deviation from rights issue objects; proceeds moved to current accounts
19 Oct 2026
More numbers
- Profit/(loss) for the period, standalone, Sept 2026 quarter(Rs. 651.40) lakh
- Finance costs, standalone, Sept 2026 quarterRs. 485.96 lakh
- Profit/(loss) for the period, standalone, half year(Rs. 1,012.04) lakh
- Partly paid CCPS allotted under rights issue8,261,401
- NCDs allotted, aggregate valueRs. 5,000 lakhs
- Rights issue aggregate consideration (up to)Rs. 9,100 lakhs
- Total income, latest quarter309.51 (Rs. lakhs)
- Total income, year-ago quarter551.23 (Rs. lakhs)
- Total income, previous quarter522.14 (Rs. lakhs)
- Total comprehensive income, latest quarter(4,453.92) (Rs. lakhs)
- Total comprehensive income, year-ago quarter(288.79) (Rs. lakhs)
- Total comprehensive income, previous quarter434.10 (Rs. lakhs)
- Profit after tax, latest quarter(651.40) (Rs. lakhs)
- Profit after tax, year-ago quarter80.86 (Rs. lakhs)
- Profit after tax, previous quarter(360.64) (Rs. lakhs)
- Revenue from operations, latest quarter133.46 (Rs. lakhs)
- Revenue from operations, year-ago quarter176.28 (Rs. lakhs)
- Revenue from operations, previous quarter120.84 (Rs. lakhs)
- Profit before tax, latest quarter(900.16) (Rs. lakhs)
- Profit before tax, year-ago quarter92.49 (Rs. lakhs)
- Profit before tax, previous quarter(535.56) (Rs. lakhs)
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