News Broadcasting
TV18 appoints Sify’s Surya Mantha as Web18 CEO
MUMBAI: Television Eighteen group has appointed Surya Mantha as the chief executive officer for its internet business arm – Web 18. Mantha brings with him 15 years of experience that spans business management, consulting, product and service development, product management and marketing across a range of business and consumer software, hardware and services companies.
Prior to joining Web18, he was heading the interactive service business for Sify India based out of Chennai. He had also spent several years at RealNetworks in Seattle WA, USA, according to an official release.
TV18 group CEO Haresh Chawla says, “Mantha brings with him a unique combination of skills & experience spanning both technology and consumer understanding, particularly in the internet space. This will go a long way in establishing Web18’s dominance in the consumer Internet space in India. We are also confident that his experience in a global environment will help scale up Web18 into the global league.”
This follows close to the group acquiring three Internet companies – Cricketnext.com, Compareindia.com and Urban Eye, a web design and technology firm. The acquisitions will help the group consolidate its focus on the internet business further. This was the second round of acquisitions that Web18 has announced. The company acquired stakes in Yatra.com and Jobstreet.com India a few months ago.
The Indian Internet industry is on the verge of explosive growth. By 2008, the online user base is expected to grow to 100 million. Web18 has been consistently growing its Internet presence organically as well as through relevant acquisitions in the consumer Internet space.
News Broadcasting
Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
