News Broadcasting
Another webcasting company knocks WWW doors
Mumbai based broadband company Skynet Web TV Ltd is set to tap the Indian bourses with an Initial Public Offering (IPO) of the size of Rs 21 billion. Each equity share of the face value of Rs 10 would be priced at a premium of Rs 30 each. Aryaman Financial will be the lead manager for the issue.
The company headquartered in Mulund, the central suburb of Mumbai plans to offer broadband services through its entertainment portal on the Net and software services. The entertainment portal will be designed to supply rich media content (streaming technology) to netizens utilising both narrow and broadband connections. The site contains free and paid services. The free services consist of chat, e-mail, finance, classifieds, shopping & travel and paid service will consist webcasting movies and television serials.
The company targets the NRI community interested in viewing Indian movies and those who do not have access to cinema houses or other sources to see latest Hindi or other regional Indian language movies. The company will acquire rights for Hindi movies and television serials for webcasting. The streaming content can be viewed through 28.8 kbps and 56.6 kbps dial-up connections, DSL connections and Internet-over-cable TV.
The revenue model of the company comprises of a mix of ad revenues and subscription fees. The company will use the reputed international payment gateway Cyber Cash for clearing online transactions through credit cards. The company plans to charge an average US $ 5.00 per movie.
The Net is being slowly flooded with webcasting portals. How many of them will survive? Where will all the content come from? Skynet Web TV Ltd might face a similar problem of acquiring quality content. But the company seems to be determined to make it big.
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.
