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“In India religion is highly politicised” says Author & political commentator Mahmood Mamdani
Mumbai : Author & political commentator Mahmood Mamdani commented “In India minorities are defined as the religious groups, which are not Hindus. Religion is politicized, there are hundreds of minorities in India not only religious minorities but the rest of them have no significance politically. It is only the religious minority which is significant”.
Speaking at the second edition of “Ideas of India” Summit, Mamdani said, “I would caution not to exceptionalize the Nazi project. It was to purify Germany, to rid Germany of all minorities. The first minorities were the Jews but they were not the only minority, there were others. When the Nazi Party was defeated and Americans came in and the Nuremberg trials were held, there was no questioning of the political project of Nazis, they started identifying individual Nazis who committed war crimes. They reproduced the Nazi political project in Eastern Europe by throwing out ethnic minorities and in Germany itself, by not re-integrating jews in Germany.”
The ABP Network’s “Ideas of India” Summit 2023 focused on “The Nation State and its Permanent Minorities, From the United States to Israel.” The summit brought together policymakers, cultural ambassadors, industry experts, celebrities, and business leaders to discuss India’s critical role in the midst of global churn and shifting dynamics. Because ABP Network is a leading multi-language channel with 535 million people in India, this summit provides one of the largest platforms for the brightest minds from various sectors to express their perspectives.
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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.
