News Broadcasting
Network 18 announces film foray; sets up Studio 18
MUMBAI: Network 18, the holding company of TV18 Group, has officially announced its foray into the big money game — movie business.
The company launches Studio 18, a full spectrum division that will mark the group’s entry in the motion picture business. With this the company is also planning to launch a home video label for Studio 18.
The announcement confirms news first put out (in June) by Indiantelevision.com that TV18 promoter Raghav Bahl was floating a company that would be involved in producing and distributing movies.
Studio 18 will look into the aspects of acquisition, production, syndication and distribution of full-length feature films. Based in Mumbai, the company will have its distribution offices in London and New York, according to an official statement.
Studio 18 will be headed by former Sahara-One Motion Pictures COO Sandeep Bhargava while Priti Shahani will lead the marketing division. Additionally, she will also be heading the syndication and distribution business for the company.
The company has also roped in former UTV Motion Pictures VP international & acquisition Ashoka Holla to head the international distribution and acquisitions business. He will also be responsible for launching and driving the Home Video label for Studio 18.
While, former Percept Picture Company production business head Chitra Subramanian, who was instrumental in developing and producing several movies like Hanuman, Malamaal Weekly, and Corporate, will head the production division. She has in the past worked closely with filmmakers like Sanjay Leela Bhansali, Priyadarshan, Nagesh Kukunoor and Madhur Bhandarkar.
Deepti Chawla will head the creative function. She comes with a background in advertising and film-making and can be credited for effective packaging of films like Hanuman, Malamaal Weekly and Corporate.
Sibashish Sarkar has been appointed as CFO. Sarkar has spent 13 years across various FMCG and other industries, working with organizations like Godrej Sara Lee, Shaw Wallace & Hindustan Cables. The last three years have seen him in Entertainment companies like UTV and Percept Picture Company where he has played a strategic role in financial restructuring and been instrumental in setting systems and processes for the business.
Vandana Malik and Sanjay Ray Chadhuri, both founding shareholder-directors of the TV18 Group, will act as creative advisors for Studio 18.
Speaking at the launch, Raghav Bahl, TV 18 Group managing director, said: “We are excited about our entry into India’s dynamic entertainment industry. Studio 18 is a key component in our strategy to transform Network 18 into a full-play media conglomerate, with a leadership position in motion pictures, news broadcasting and internet portals.”
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.
