News Broadcasting
Bharat Express brings back Varun Kohli as group chief executive
NOIDA: In the media industry, boomerang hires are increasingly common. But when a news channel rehires the executive who built it from scratch, it signals ambition rather than desperation.
Bharat Express has brought back Varun Kohli as director and group chief executive, marking his return to an organisation he helped launch in January 2023. Kohli, who spent just over a year at Bharat Express before joining Times Network as chief operating officer, is being tasked with expanding the channel’s reach and deepening its impact in India’s competitive news broadcasting market.
During his first stint, Kohli shaped the channel’s editorial and business strategy, built its core team and established its operational framework. His move to Times Network in 2024 saw him oversee critical operations across a larger network. Now, armed with that broader experience, he returns to accelerate Bharat Express’s growth trajectory.
“During his first innings, Varun played a foundational role in successfully launching the channel and positioning Bharat Express as a credible voice in Indian news media,” said Bharat Express chairman, managing director & editor in chief Upendrra Rai. “With his return, we are confident that his deep industry experience and visionary approach will help us accelerate our growth and take the channel to new heights.”
Kohli brings three decades of media experience, having held leadership roles at ITV Network, Deccan Chronicle Holdings, Network18, Bennett Coleman & Co., HT Media and Amar Ujala Prakashan. He is known for launching and turning around media brands, with a reputation for driving revenue growth and building high-performance teams.
The appointment positions Bharat Express for its next phase of expansion, with Kohli’s return bringing both institutional knowledge and fresh strategic insights gained from his time at one of India’s largest broadcasting networks.
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.
