News Broadcasting
Network18 group gets back on expansion track
MUMBAI: Gujaratis are known to be good business men and hoping to add to their business acumen is one of India’s leading media companies – Network 18. It has decided to launch a Gujarati business news channel called CNBC Bazaar as well as an online business website called firstbiz.com.
When contacted, Network 18 group CEO B Sai Kumar confirmed the news. While additional details on CNBC Bazaar were not available, firstbiz.com will be led by Firstpost editor R Jagannathan.
2013 was a tough time for the entire news industry and even the network as it underwent rationalisation and consolidation with some employees being laid off. Network 18 already runs several other news channels- CNN-IBN, IBN7, CNBC TV 18, CNBC Awaaz, IBN Lokmat.
On the other hand, Network 18 subsidiary Viacom 18 is all set to launch two new channels as well in the coming few weeks. One is its second Hindi GEC Rishtey that has already got on board several platforms and the other is a new music channel in partnership with PepsiCo called MTV Indies.
The flurry of launches this year indicates that the TV network has once again got into expansion mode and the days of overhanging debt are far behind it now.
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.
