News Broadcasting
NDTV eyes investor in MetroNation Chennai
MUMBAI: NDTV Ltd. is planning to induct strategic investors in its loss-making joint venture company, MetroNation Chennai Television Limited, that operates a news cum infotainment channel.
MetroNation Chennai Television also plans to increase the Tamil content on the channel.
“We are considering getting strategic investment in MetroNation Chennai Television. We are looking at raising equity capital. We are also going to increase the Tamil content in the channel,” said NDTV Group chief executive officer KVL Narayan Rao.
MetroNation Chennai, where NDTV holds 51 per cent and Kasturi and Sons (Hindu Group) the balance 49 per cent, has incurred accumulated losses amounting to Rs 275.1 million.
The company has investment, loans and receivable aggregating Rs. 208.7 million (corresponding previous period Rs. 112.5 million and previous year Rs 1,47 million).
Pending finalisation of the strategic options including getting in investors, NDTV has carried the investment, loans and receivable at book values since the management expects to be able to realise these assets in full.
Rao, however, refused to reveal what capital the JV company was looking to raise and who likely would be the potential investor.
MetroNation Chennai was launched in 2009.
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.
