News Broadcasting
HTMT signs new ERP project order for 2.2 m US dollars
BANGALORE: Hinduja TMT (HTMT), the IT flagship company of the Hinduja Group today announced the winning of a new IT Services contract awarded by a large automobile assembling and manufacturing company based in the Middle East.
The ERP project, in the initial phase, will generate a revenue of USD 2.2 million or 100 million rupees over the next 18 months. The contract has been signed with the customer with an agreement for an advance payment of 25 per cent.
According to an official release, work is expected to commence immediately. The company is also in dialogue with the customer and other corporates in the Middle East for offerings in different areas of software development and maintenance where potential for business growth is high.
HTMT, IT division President and CEO R Mohan said, “With the required robust domain expertise in the manufacturing segment and the recent implementation of an analogous project for Ashok Leyland, we are confident of delivering this prestigious project well in time. This project reiterates our leadership position in this segment.”
The project will cover modules relating to Material Management, Production Planning, Finance and Marketing and will be implemented using a multilevel architecture. HTMT would bring some of the best practices that it has developed over the years to enhance the Information Management of the various manufacturing processes and would provide substantial cost savings and improvement of efficiency of operations to its client, added the release.
The system would ensure the availability of information where it is most required and the proactive analysis of data that would enhance planning and coordination.
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.
