News Broadcasting
Beehive Systems wins Nasscom’s IT Innovation award
MUMBAI: Indian IT company Beehive Systems, which provides digital media solutions to broadcasters globally, has won Nasscom’s (National Association of Software & Service Companies), IT innovation award for spearheading innovation (in products and solutions) and original IP creation movement.
The award aims at celebrating the spirit of innovation in the emerging Indian It companies. The selection process comprised of two rounds of shortlisting by a panel of eminent personalities from the corporate and academic world, informs an official release.
On winning this award, Beehive Systems co-founder Tushar Kothari said, “We are elated to win Nasscom’s IT Innovation award. This is a great forum created by Nasscom to showcase all the innovative work being done by small and medium sized Indian companies. This award will fetch us the due recognition and valuable opportunities to highlight all the pioneering work we’ve been doing and gain more ground as we plan to scale up.”
In the first round of shortlisting, out of nearly 100 participating companies, Beehive was selected along with 17 others from across India. From the 18 shortlisted companies, six, including Beehive, were finally chosen as the winners based on a series of workshops in New Delhi, Mumbai and Bangalore, added the release.
Beehive along with five other companies will now go on to present at Nasscom’s annual summit in Mumbai on 9 February 2005. Other five companies that will receive the award include, Compulink Software, Pune; Liqwid Krystal, Bangalore; PACE Soft, Pune; Shrishti Software, Bangalore and Whizlabs Software, Delhi.
Innovation, Nasscom says, “is the ability of an organization to be different, creative, dynamic and take the unbeaten path. The innovators in the ICT sector are companies that have built products that are possibly firsts within their respective categories, which have launched services that break the traditional mould, have taken the non-typical route to new markets, explored and tapped these geographies and have resorted to imaginative strategies to sustain growth and stay ahead of their peers.”
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.
