News Broadcasting
Inox Q2 records 58% net profit at Rs 69.6 million
MUMBAI: Inox Leisure Ltd has reported 42 per cent year on year (YoY) growth in revenues at Rs 399.6 million for the second quarter ended 30 September 2006 versus Rs 282.4 million in the same quarter of the previous year.
According to an official release, for the half year, the growth registered at 58 per cent from Rs 508 million crores to Rs 804.9 million.
The profit after tax for the quarter amounted to Rs 69.6 million, as compared to Rs 56.4 million in the corresponding quarter of the previous year – an increase of 23 per cent.
For the half year, profit after tax grew from Rs 97.2 million to Rs 153.3 million – an impressive 58 per cent.
This quarter has seen Inox launch its Nagpur property taking its tally up to 44 screens in 12 multiplexes across 11 cities. Inox has another 21 properties in different stages of implementation, which it expects to operationalise by March 2009. This will help Inox take its total count to 33 properties across 21 cities, 130 screens and 37000 seats by March 2009, informs the release.
In addition to the above, in September, INOX also entered into a definitive agreement for an all share swap deal with Calcutta Cinema Private Limited (CCPL) for acquiring CCPL & its brand of multiplexes – ‘89 Cinemas’ and merging the latter’s operations with Inox Leisure Limited. CCPL operates 2 properties as at present and has another 7 properties under different stages of implementation.
Inox Leisure Ltd Deepal Asher said, “We have been able to maintain our industry leadership position in revenues and profitability, due to better footfalls and pricing at our existing multiplexes as well as the addition of new properties to our portfolio. We expect to maintain the momentum of growth going forward, with another seven properties expected to open by March 2007, in cities like Chennai, Mumbai, Bharuch, Vijaywada, Lucknow, Faridabad and Jaipur. We have also been helped with a good spate of releases, and expect this trend of a continuous flow of big budget and good quality content to continue.”
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.
