News Broadcasting
STBs moving fast in Mumbai, Delhi
MUMBAI: Multi-system operators (MSOs) have in store 200,000 set-top boxes (STBs) and orders have been placed for importing more to meet the growing demand from consumers, the Telecom Regulatory Authority of India (Trai) chairman Nripendra Misra tells Indiantelevision.com.
The offtake of STBs has been slow in Kolkata while there seems to be a healthy demand in Mumbai and Delhi, he adds. MSOs have seeded 135,000 boxes in Mumbai, 105,000 in Delhi and only 24,000 in Kolkata.
“Kolkata is slow to take off and our feedback is that most of the consumers are opting for free-to-air (FTA) package at this stage. But overall Cas (conditional access system) is getting accepted by the consumers,” says Misra.
Mumbai with 130,000 has the maximum number of STBs in stock while Delhi has 55,000 and Kolkata 20,000. But the major MSOs like Incablenet, Hathway Cable & Datacom and Wire & Wireless India Ltd (WWIL), who are operating in multiple cities, have no problems in shifting the boxes according to the consumer requirement.
Misra admits, though, that there are “reports of shortages in some pockets.” Consumers falling under the Cas areas did not order for the boxes earlier and there is a rush only after Cas got implemented which has led to this current situation, he clarifies.
The cable & broadcast regulator has called for a meeting with the MSOs on Friday to take stock of the Cas situation. The Trai will be sending teams to Mumbai, Delhi and Kolkata from Monday to make spot assessments, Misra says.
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.
