News Broadcasting
Hinduja TMT reports 37% increase in Q3 net
MUMBAI: Media conglomerate Hinduja TMT Ltd (HTMT) reported a 37 per cent increase in net profit for the quarter ended 31 December, 2003.
The company posted a net profit of Rs 225.46 million for the quarter ended 31 December, 2003 as compared to Rs 165.11 million for the quarter ended 31 December, 2002.
Total income increased 54 per cent from Rs 296.09 million in the Q3-2002 to Rs 456.87 million in the quarter ended 31 December, 2003.
Commenting on the results, vice chairman S Solomon Raj was quoted in a company release as saying, “Our disciplined processes and very good routines of information flow have been well appreciated by our clients. The realisation of constant improvement in performance metrics and co-creation of value in partnership with them have enabled us to deliver both short-term results and long term growth.”
The company’s shares opened today at Rs 337.35 on the BSE and closed at Rs 317.10 thus reporting a loss of six per cent. Shares touched a high of Rs 349.30 and dipped as low as Rs 317.10 in the day’s trade. A total of 2,17,647 HTMT shares were traded on D Street today.
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.
