News Broadcasting
Q1-2014 results of Raj TV show PAT growth of 45.3 per cent over Q1-2013
BENGALURU: Unaudited Q1-2014 results for Raj Television Network Limited (Raj TV) showed a 45.3 per cent growth in PAT to Rs 466.57 lakh as compared to the PAT of Rs 321.16 lakh in Q1-2013. Raj TV had reported a meager PAT of Rs 53.28 lakh for Q4-2013 and a PAT of Rs 928.63 lakh during FY-2013.
Let us take a look at Raj TV’s Q1-2014 results
Increase in income from operations, reduction of expense towards employee benefits and lowered finance costs (as compared to Q4-2013) during Q1-2014 seem to be the major contributors to Raj TV’s increase in PAT numbers for the quarter (Q1-2014).
Raj TV reported income from operations for Q1-2014 at Rs 1829.23 lakh, a growth of 12.5 per cent over Q1-2013 income from operations of Rs 1626.52 lakh and 4.7 per cent more than the Rs 1746.87 lakh reported for Q4-2013.
Expenses for employee benefits for Q1-2014 at Rs 238.33 lakh were lower by 9.1 per cent as compared to the Rs 262.21 lakh reported for Q1-2013 and substantially lower by 29.1 per cent as compared to the Rs 336.18 lakh expenses towards employee benefits reported for Q4-2013.
Finance costs for Q1-2014 at Rs 83.34 lakh, though higher by 28.22 per cent as compared to the Rs 65 lakh for Q1-2013 were substantially lower by 44.85 per cent when compared to the Rs 151.12 lakh the company paid in Q4-2013, despite an increase in borrowings in Q1-2014 as compared to the figures reported by the company during FY-2013.
Raj TV’s long term borrowings at Rs 1037.1 lakh increased by 16.2 per cent as compared to the long term borrowings of Rs 892.85 lakh for FY-2013, its short term borrowings also increased by 7.9 per cent to Rs 1490.8 lakh for Q1-2014 from Rs 1382.21 lakh during FY-2013. Its trade payables also increased substantially by 32.1 per cent to Rs 460.19 lakh from the Rs 348.39 lakh for FY-2013.
At the same time, Raj TV’s trade receivables for Q1-2014 went up by Rs 346.09 lakh to Rs 4625.95 lakh, and were 8.1 per cent more than the trade receivables of Rs 4279.86 lakh for FY-2013.
Overall, the total expenses for Q1-2014 at Rs 1285.03 lakh were seven per cent higher than the Rs 1201.39 lakh in Q1-2013 and 15.61 per cent lower than the Rs 1521.8 lakh reported for Q4-2013.
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.
