News Broadcasting
ESS’ hockey initiative PHL kicks off on 2 January 2007
MUMBAI: The third edition of Premier Hockey League (PHL) the grassroots competition to give Indian hockey a push will kick off on 2 January 2007.
The initiative is being organised by ESPN Star Sports (ESS) and the Indian Hockey Federation (IHF).
This time around the league moves to a single tier firmat. The top seven teams of last year will fight for the title in a two month long event which will be co-hosted by Chennai and Chandigarh.
In the first two editions there were two tiers with five teams each. This time these seven teams are Sher-e- Jalandhar, Maratha Warriors, Chandigarh Dynamos, Bangalore Lions, Hyderabad Sultans as well as the top two teams from tier II Orissa Steelers and Chennai Veerans.
The seven teams play each other twice in a total of 42 matches. There will be a best of three playoff in the final. IHF president KPS Gill says, “The PHL has set new benchmarks as the world took notice of a completely new revolutionary league with the third umpire being introduced for the first time in Indian hockey. Keeping in accordance with our innovations to make the league more interesting we have raised the competitiveness in the league. We envisage more cutthroat competition this year that will be good for Indian hockey.”
ESS India MD R.C. Venkateish says, “We have redefined hockey broadcvast with PHL. The tournament has been a viewing spectacle with comoprehensive match analysis, pre match and post match shows, bi-lingual commentary in English and in Hindi. Hockey lovers acros the country have loved and followed PHL for the first two years of the tournaments novel concepts and innovations.
“Innovations like coloured jerseys, foreign players in the domestic league the use of a third umpire and now the top seven teams in the Premier Division will revolutionise hockey viewing and make PHL the most viewer friendly league in the country. Maurits Hendricks the incumbent coach of the Spanish Team has been reappointed as the consultant for the PHL.
“He will provide his valuable inputs to all the participating teams during PHL. He will also be responsible for shortlisting foreign players for the league. We are confident that more foreign players will be seen this year as compared to last year. The initial feedback from the European players has been very heartening.”
Like last year each game has four quarters of 17 minutes and 30 seconds each. The winner gets three points. If a match goes into extra time the winner gets two points while the loser gets one. Leisure Sports chairman and MD SS Dasgupta, said, “LSM with its in-depth knowledge of and involvement with Indian hockey is very confident that the proposed tournament will be a grand success. We are currently working on a detailed blue-print to ensure that PHL dons the look of a grand carnival. We are committed to offering an international quality experience to hockey fans – they will get the best of hockey, as well a s spectator facilities inside the stadium.”
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.
