News Broadcasting
Network18 topline almost doubles in Q3 2020
BENGALURU: Mukesh Ambani’s Network18 Media and Investments Ltd (Network18) consolidated profit after tax (PAT) for the quarter ended 31 December 2019 (Q3 2020, quarter or period under review) was up 92.2 percent at Rs 148.29 crore from Rs 77.16 crore in the corresponding year-ago quarter Q3 2020. The company had reported a consolidated loss after tax of Rs 24.68 in the immediate trailing quarter (Q2 2020).
The company reported consolidated total comprehensive income of Rs 134.74 crore for the quarter under review which was 189.5 percent more than the Rs 46.55 crore in Q3 2019. Network18 had reported a consolidated total comprehensive loss of Rs 18.78 crore in Q2 2020. Consolidated operating EBITDA for the period at Rs 268.25 crore was 204.3 percent more than the Rs 88.14 crore in Q3 2019 and was 247.4 percent more than the Rs 77.21 crore in Q2 2020.
Network18 consolidated revenue from operations in Q3 2020 at Rs 1,473.70 crore was 3.3 percent lower than the Rs 1,524.01 crore in the corresponding year ago quarter and was 25.5 percent more than the Rs 1,58.87 crore in the trailing quarter. Consolidated total income for the period at Rs 1,490.52 crore was 3.1 percent lower than the Rs 1,538.04 crore in Q3 2019 but was 25 percent more than the Rs 1,192.09 crore in Q2 2020.
Let us look at the other numbers reported by Network18 for Q3 2020
Consolidated total expenses in Q3 2020 at Rs 1,304.38 crore was 14.6 percent lower than the Rs 1,525.88 crore in Q3 2019, but was 8.2 percent more than the Rs 1,205.05 crore in Q2 2020. Consolidated operating costs during the quarter under review declined 18.3 percent year-on-year (y-o-y) to Rs 636.56 crore in Q3 2019 from Rs 779 crore and increased 29.7 percent quarter-over-quarter (q-o-q) from Rs 490.67 crore in Q2 2020.
Marketing, distribution and promotional expenses in Q3 2020 declined 4.6 percent y-o-y to Rs 230.12 crore from Rs 241.12 crore and declined 6 percent q-o-q from Rs 244.88 crore in Q2 2020. Employee benefits expense in Q3 2020 at Rs 243.65 crore declined 13.3 percent y-o-y from Rs 280.88 crore and declined 9.2 percent q-o-q from Rs 268.45 crore.
Finance costs in the period under review increased 1 percent y-o-y in Q3 2020 to Rs 56.78 crore from Rs 56.20 crore, but declined 8.1 percent q-o-q from Rs 61.77 crore. Other expenses in Q3 2020 declined 30.5 percent y-o-y to Rs 93.42 crore from Rs 134.36 crore, but increased 1.3 percent q-o-q from Rs 92.20 crore.
Company speak
Network18 chairman Adil Zainulbhai said: “Across broadcasting and digital, our emphasis has been on delivering value to the consumer, expanding the partner ecosystem and raising profitability. We are constantly adjusting our programming and business model for the continual technology, consumer and regulatory changes in the business. We continue to invest in key areas of growth, expand our reach, and explore new avenues of monetization.”
The company says in its investor release that linear TV subscription benefits (B2C) continued to accrue; 40 percent y-o-y revenue growth in Q3 2020. It says that implementation of the NTO (New Tariff Order) has created a transparent and non-discriminatory B2C regime, which continues to boost Network18’s TV subscription revenue. Improved distribution tie-ups across cable and telcos have brought the consumer closer to its content bouquet at an affordable optimum price.
It says further that monetisation of content through digital partnerships (B2B) was driving step-up in profitability: In line with its strategy of being platform agnostic, the Network 18 group stitched multiple partnerships with notable digital platforms for serving their users a discerning selection of its content.
The company says that though advertising recovered around the festive season, but it continued to remain under pressure: The prevalent weakness in macro-environment and sluggish spending appetite by advertisers continued to drag ad-revenue down y-o-y for both News and Entertainment. Shift of channels from DD Freedish to the Pay ecosystem continued to impact Hindi GEC ad-revenues for all the top broadcasters. The company feels that government initiatives to boost growth and a natural refresh-and-recalibration of ad-budgets should revive ad-growth as we head towards the new fiscal.
Network18 claims that its digital-only subscription (B2C) was being incubated as a growth driver for the future. Further, Voot’s freemium version with offerings like digital- exclusive and digital-first broadcast content, as well as original content behind a pay-wall, is slated to be launched soon.
News Broadcasting
Induction cooktop demand spikes 30× amid LPG supply concerns
Supply worries linked to West Asia tensions push households and restaurants to turn to electric cooking alternatives
MUMBAI: As geopolitical tensions in West Asia ripple through global energy supply chains, the familiar blue flame in Indian kitchens is facing an unexpected challenger: electricity.
What began as concerns over the availability of liquefied petroleum gas (LPG) has quickly evolved into a technology-driven shift in cooking habits. Households across India are increasingly turning to induction cooktops and other electric appliances, initially as a backup but now, for many, a necessity.
A sudden surge in demand
Recent data from quick-commerce and grocery platform BigBasket highlights the scale of the shift. According to Seshu Kumar Tirumala, the company’s chief buying and merchandising officer, demand for induction cooktops has risen dramatically.
“Induction cooktops have seen a significant surge in demand, recording a fivefold jump on 10 March and a thirtyfold spike on 11 March,” Tirumala said.
The increase stands out sharply when compared with broader kitchen appliance trends. Most appliance categories are growing within 10 per cent of their typical demand levels, while induction cooktops have witnessed explosive growth as households rush to secure an alternative cooking option.
Major e-commerce platforms including Amazon and Flipkart have reported rising searches and orders for induction stoves. Quick-commerce apps such as Blinkit and Zepto have also witnessed stock shortages in major metropolitan areas including Delhi, Mumbai and Bengaluru.
What was once considered a convenient appliance for hostels, small kitchens or occasional use has suddenly become an essential addition in many homes.
A crisis thousands of miles away
The trigger for this shift lies far beyond India’s kitchens.
Escalating conflict in the Middle East has disrupted shipping routes through the Strait of Hormuz, one of the world’s most critical energy corridors. Nearly 85 to 90 per cent of India’s LPG imports pass through this narrow waterway, making the country particularly vulnerable to supply disruptions.
The ripple effects have been swift.
India currently meets roughly 60 per cent of its LPG demand through imports, and tightening global supply has already begun to affect domestic availability and prices.
Earlier this month, the price of domestic LPG cylinders increased by Rs 60, while commercial cylinders rose by more than Rs 114.
To discourage panic buying and hoarding, the government has also extended the mandatory waiting period between domestic refill bookings from 21 days to 25 days.
Restaurants feel the pressure
The strain is not limited to households. Restaurants, hotels and roadside eateries are also grappling with supply constraints as commercial LPG availability tightens under restrictions imposed through the Essential Commodities Act.
In cities such as Bengaluru and Chennai, restaurant associations report that commercial LPG availability has dropped by as much as 75 per cent, forcing many establishments to rethink their kitchen operations.
Some restaurants have reduced menu offerings, while others are rapidly installing high-efficiency induction systems, creating hybrid kitchens where electricity now shares the workload with gas.
For smaller eateries and roadside dhabas, the shift is less about sustainability and more about survival.
A potential structural shift
The government has maintained that there is no nationwide LPG crisis and has directed refineries to increase production to stabilise supply.
Nevertheless, the developments of March 2026 may already be triggering a longer-term behavioural shift.
For decades, LPG has been the backbone of cooking in Indian households. However, recent disruptions have highlighted the risks of relying on a single fuel source.
Increasingly, households appear to be hedging against uncertainty by adopting electric cooking options to guard against price volatility and delivery delays.
If the current trend continues, the induction cooktop, once viewed as a niche appliance, could emerge as a quiet symbol of India’s evolving kitchen economy.
