News Broadcasting
South Asian music & social networking portal SaffronConnect.com launched
MUMBAI: SaffronConnect.com, an online social networking platform centered around South Asian audio and video content, has announced its official launch.
Saffron Connect promises to serve the global South Asian market and seeks to be the first-of-its-kind online music and social networking destination directly targeting the South Asian community.
The portal will provide content and entertainment services through online, mobile, emerging, and traditional distribution channels, as per an official release.
In terms of content, SaffronConnect.com will include a range from established bands to upcoming artists, major music labels to independent producers. The ‘Desi’ or South Asian market includes the residents of India, Pakistan, Tibet, Nepal, Sri Lanka and Bangladesh, as well as the non-resident community who live around the world, the release adds.
The platform will allow independent artists, music labels and video content owners to upload, share and sell their content to a community of users with interests in South Asian media. Users, in turn, will be able to sample, hear, download and share songs among their friends and other members. Some key artists whose content is currently available on Saffron Connect include Bally Sagoo, Rishi Rich, Gunjan, Karmacy, and Bohemia. Content from Saffron Connect will also be distributed to services such as iTunes and Yahoo Music.
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.
