News Broadcasting
Piyush Gupta resigns as group CTO of TV Today network
MUMBAI: TV Today network has announced the resignation of Piyush Gupta from his position as group chief technology officer. Gupta submitted his resignation via letter, indicating his intent to pursue new opportunities elsewhere. The company has accepted his resignation, and he will officially relinquish his duties at the close of business on 15 April 2025. TV Today informed the Bombay stock exchange about his resignation through a regulatory filing.
Piyush Gupta has had a distinguished career in the broadcasting industry, having served as Group CTO at TV Today since January 2015. Prior to that, he spent 15 years at Network18 Media & Investments Limited, where he played a pivotal role in launching several prominent channels, including CNBC TV18, CNN IBN, and others. His extensive experience includes overseeing technology and operational processes that significantly contributed to the growth of the network.
Gupta began his career at Television18 India and also served as a senior engineer at NDTV, bringing a wealth of technical knowledge and leadership experience to his roles. He holds a bachelor’s degree in electronics engineering from Delhi University.
As TV Today Network prepares for this transition, Gupta’s contributions to the organization and the broadcasting sector will certainly be remembered. For further information, please contact TV Today Network’s corporate communications team.
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.
