News Broadcasting
HC seeks undertaking that only U, U/A movies will be aired
MUMBAI: The Bombay High Court has asked for an undertaking from broadcasters and cable service providers declaring that they will only be transmitting U and U/A films.
The High Court bench, headed by Justice Lodha, also clarified that its 23 August order against the broadcast of adult movies did not restrain channels and cable service providers from airing movies with U and U/A certificates.
The bench gave the clarification in response to an application made by a cable subscriber, the Press Trust of India news service reported.
The court also directed cable service providers to remove the scrolls many of them were carrying which said movie channels were off the air because of the High Court order. The court termed such scrolls as a misinterpretation of its original ruling.
The High Court said it had not stopped the channels which were currently off air in Mumbai from operating but had only restrained them from showing adult content.
The nine channels — Hindi and English movie channels (Zee Cinema, Star Movies, HBO, Filmy, Star Gold, AXN and Max), and Hindi entertainment channels Star One and Sahara One — had originally been blacked out after the Mumbai police confiscated the decoders of major cable networks and beaming equipment of channels on the charge that they had violated the law by telecasting uncertified movies. This followed orders from the Bombay High Court that channels showing adult movie content should be taken off air.
When the matter of the seized decoders was brought up, the bench told the broadcasters to arrange for replacements. Multi-system operators (MSOs) like Hathway and In Cable (who hold sizeable chunk of connections in Mumbai) as well as Zee Group controlled Siticable were among those that had their equipment confiscated in the police raids.
The court’s ban order on adult movies had come on a PIL filed by a Mumbai college professor.
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.
