News Broadcasting
K Sera Sera sets up subsidiary for TV content
MUMBAI: Mumbai-based K Sera Sera, which is primarily into movie production, has floated a subsidiary company for its television content venture.
Twenty Twenty Television (TTT) will carry out the television production business, says K Sera Sera chief executive officer Kacon Sethi.
The new company is in the process of completing its financial structuring and is in negotiations for roping in a strategic investor. “We are in talks with non resident Indians (NRIs) and expect to raise $ two million by the end of January,” says K Sera Sera managing director Parag Sanghvi. He, however, did not reveal the names of the NRIs.
Rajesh Pavithran, who recently quit Balaji Telefilms, will be the chief operating officer of TTT and will also oversee K Sera Sera’s broadband and wireless businesses. He will have a separate team and will be reporting to Sethi.
“We are moving in with six projects,” says Sethi.
K Sera Sera will be producing a reality show for Sony Entertainment Television and popular comedy programme Hum Paanch (which was first produced by Balaji Telefilms) for Zee TV. The other shows include Darna Mana Hai (a big budget one-hour show involving Ram Gopal Varma), Bold and Beautiful Wives, Dulhan and Kashish. “The real-time legal show for Sony will be unique in its concept. We have been contracted by Zee for Kashish. The results will reflect in the next financial year,” says Sethi.
K Sera Sera has appointed Ernst & Young to formulate a business plan for the company.
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.
