News Broadcasting
NDTV listed on BSE; opens at Rs 101
MUMBAI: New Delhi Television India Ltd (NDTV) joined the big league today as it was officially listed on the Bombay Stock Exchange at 9:55 am this morning. Its first strike at the bourses saw itself book Rs 101, reaching a high of Rs 125 and a low of Rs 90 within 10 minutes of the start of the session.
The face value of the share is Rs 4 and its offer price was between the price band of Rs 63 – 70. The NDTV initial public offering ( IPO) was 36 times oversubscribed. The total volume of shares allocated to the stock market is a total of 15.57 million.
The listing ceremony was held at the BSE International Convention Hall (Rotunda) with Sameer Manchanda, director finance NDTV sounding the gong at the auspicious moment for the company.Others present at the ceremony were Narayan Rao ( director NDTV), Deepti Neelakanthan ( COO JM Morgan Stanly), Dr Manoj Vaish (executive director and CEO BSE), Uday Kotak (chairman Kotak Mahindra Capital Company), J Niranjan (managing director ICICI Securities) and L S Nayak (CEO NDTV Media).
The scrip opened at Rs 101 on BSE, hit a high of Rs 124.85 and a low of Rs 86.65. The listing was at a premium of 44.29 per cent to the final offer price of Rs 70. Volumes were high at 6,653,991. Total trades executed were 42,597. It ended the days session at Rs 98.70, a gain of 41 per cent to the offer price. At the high and low of the day, the scrip traded at a premium of 78.36 per centand 24.21 per cent respectively.On the NSE, the scrip opened at a price of Rs 105, hit a high of Rs 120 and a low of Rs 86.65, before closing at Rs 98.50. Volumes were extremely high at 12,782,835.
When questioned about the response the scrip got Manchanda gushed, “It was most important for us to get listed. Well, it is great that we have started off well, but market forces cannot be controlled, so that really is not that significant to us. What was important was for us to get listed and look at taking the company to a different level.”
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.
