News Broadcasting
Zee Business institutes Pinnacle Awards to recognise the best in real estate sector
MUMBAI: With an aim to take definitive look at success and achievements in the real estate sector, and recognise excellence, the Hindi business channel –Zee Business has announced the Zee Business M-Tech Pinnacle Awards. Driven by positive growth in the economy, real estate in India is booming, thus Zee Business M-Tech Pinnacle Awards are being instituted when the Indian Real Estate Industry is going through a metamorphosis and is witnessing a boom.
According to an official release, Pinnacle Awards will feature and honor the finest professionals in the construction, building and allied industries. The awards will become an annual event highlighting the glory of India’s fast growing real estate industry. Pinnacle as the name suggests will honor men and women who have achieved and contributed to building India. It will strive to become a platform to give India’s real estate industry an iconic status.
The awards will have 23 categories from the construction, building and allied industries in real estate. It will recognise talents for their contribution in technical, creative and individual achievements. Entries will be evaluated by a jury of experts drawn from fields, which are diverse yet relevant to construction industry.
The jury comprises of industry leaders like DTZ (Debenham Tie Leung) MD Ankur Srivastava, Cushman & Wakefield joint MD Sanjay Verma, Zee News Ltd director news group Laxmi Goel, National Institute of Design executive director Dr (Prof.) Darlie O Koshy and Fairwood Consultants CEO Ranudas.
The last date of receiving entries is 10 September, while the entries will be judged on 3 October. The final award ceremony will take place in Delhi on 6 October, 2006. The audit firm, ECS LTD (ECS), a premier management consulting firm will handle the entire nomination process. There will be a dedicated jury for each of the award categories and jury will vet all the selected nominations on the pre-defined parameters and decide on the winners for each category, according to an official release.
Speaking on the occasion, Zee News LTD director news group Laxmi Goel says, “We have always believed in encouraging and identifying talent. Pinnacle awards, aims to bring together the finest mix of accomplished individuals and corporates in India’s booming real estate and construction industry. We hope to receive an overwhelming response as our aim is to make this an annual affair.”
Commenting on the need for the awards in the booming Indian Real Estate scenario, Goel added, “With a 30 per cent annual growth for the domestic construction industry, the Indian construction industry is all set to become Rs 18 lakh crore sector by year 2010 from its present size of RS 14 lakh crore. The time is ideal for the sector to propel national economy on a higher growth trajectory, by maximising performance and operational efficiency. There is a need for a greater level of transparency in the sector to enable it to be better placed in swinging investments / FDI. The Pinnacle Awards will provide a benchmark for construction industry in India by present a platform to recognize excellence in the field.”
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.
