Siti Networks Posts Sequential Revenue Growth as Losses Narrow Year-on-Year
The cable TV operator's revenue rose 9.4% quarter-on-quarter, while its net loss improved compared to the same period last year.
Siti Networks reported a 9.4% sequential revenue increase in Q2 FY26, though sales were down 2.1% year-on-year. The company's net loss narrowed significantly from the prior-year quarter.
Siti Networks reported a mixed set of quarterly results, with revenue showing a healthy sequential bounce even as the company continues to operate at a loss. While the top line remains under pressure compared to last year, there are signs of a gradual improvement in profitability on a year-on-year basis.
The cable TV and broadband operator's revenue for the quarter ended September 2025 came in at ₹296.1 crore. This marks a 9.4% increase from the previous quarter, but is still 2.1% lower than the ₹302.5 crore reported in the same quarter last year. The company's net loss stood at ₹43.6 crore, a slight sequential dip but a significant 19.5% improvement from the ₹54.2 crore loss in Q2 FY25. This improvement in the bottom line, despite lower revenue, lifted the net profit margin to -14.7%, a 320 basis point gain from the -17.9% margin a year ago.
A look at the last five quarters shows the company's ongoing challenge to return to profitability, though the scale of losses has moderated from the peak seen in Q3 FY25.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ2 FY26 | PreviousQ1 FY26 | Same quarter LYQ2 FY25 |
|---|---|---|---|
| Period Ended | September 2025 | June 2025 | September 2024 |
| Revenue (₹ Cr) | 296.1YoY -2.1% | 270.7 | 302.5 |
| Profit (₹ Cr) | -43.57YoY +20% | -44.13 | -54.15 |
| Net Profit Margin (%) | -14.7YoY +18% | -16.3 | -17.9 |
Key Points
- The trailing twelve-month (TTM) revenue stands at ₹1,134.5 crore with a TTM net loss of ₹199.1 crore, resulting in a net profit margin of -17.5%.
- The company's stock price has faced significant pressure, declining 52.3% over the past year and 73.8% over three years.
- Financial health metrics remain a concern, with a current ratio of 0.31 and negative interest coverage.
The sequential revenue recovery is a positive step, but the path to sustained profitability and financial stability remains the critical watchpoint for Siti Networks.
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