News Broadcasting
NDTV Lifestyle & Ethnic stake sale approved
MUMBAI: NDTV, in a communique to the BSE, says it has approved sale of stake in NDTV Ethnic Retail held by units — NDTV Lifestyle Holdings, NDTV Convergence, NDTV Worldwide. It says it has approved the sale of a part of stake in Lifestyle Holdco held by unit NDTV Networks for INR 17.72 per share.
In the note, it says: This is to inform you that the Board of Directors of the Company (NDTV), at its meeting held on 5 May, 201 7, inter-alia, considered and approved the following:
Subject to the approval of the shareholders of the Com pa n y to be obtained th roug h passing of special resolution(s), sale/disposal of the entire equi ty stake owned and held by NDTV Lifestyle Holdin gs Limited, NDTV Convergence Limited and NDTV Worldwide Limited, each a material subsidiary of the Company in NDTV Ethnic Retail Limited, another material subsidiary of the Company, constituting approx. 99.92% of the total issued, subscribed and paid-up equity share capital of Ethnic, for INR 3.6518 per equity share to Nameh Hotels & Resorts Private Limited , a company incorporated in India under the provisions of the Companies Act, 1956.
Pursuant to the completion of the aforementioned stake sale by Lifestyle Holdco, Convergence and Worldwide to the purchaser, complete business of Ethnic and its subsidiary i.e. lndianroots Retail Private Limited, will be transferred to the Purchaser.
Subject to the approval of the shareholders of the Company to be obtained through passing of a special resolution, sale/disposal of part of equity stake owned and held by NDTV Networks, a material subsidiary of the Company, constituting 2°/o (two per cent) of the total issued, subscribed and fully paid-up equity share capital of Lifestyle Holdco for INR 1 7.7247 per equity share, to the Purchaser.
Pursuant to the completion of the aforementi oned stake sale by Networks to the Purchaser, the Company will cease to exercise control on Lifestyle and its subsidiary i.e. NDTV Lifestyle.
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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.
