News Broadcasting
Sumangali looking to expand cable services into Hyderabad
Sumangali Cable Vision (SCV), the Sun Network-owned leading cable distribution company in Tamil Nadu, is expanding its base to add the city of Hyderabad within its servicing area.
“From September, we will start operation in Hyderabad too,” SCV’s chief executive Dayanidhi Maran told indiantelevision.com on the sidelines of a seminar on CAS organised by CETMA in New Delhi today.
Pointing out that at present the company has cable services in six cities in Tamil Nadu, Maran, however, said there are no plans to start operations in North India.
“We have enough on our hands and don’t want to go to areas where there are already established players,” he said. On its cable networks across Tamil Nadu, apart from cable TV, SCV also provides its subscribers net-over-cable for which rates are different depending on the usage and various packages.
Though Maran was hesitant to comment on Sun starting a direct-to-home (DTH) TV platform, he did admit that there are various issues which need to be addressed by the government before Sun can even think of applying for a DTH licence.
Maran also admitted that the investment needed to implement CAS would be huge and the cost has to be shared by everybody concerned.
“I think the MSOs and cable operators (who walk the last line into the subscribers’ homes) will have to share the cost with cable operators bearing a majority of the cost to be incurred,” he said.
Maran, however, was not forthcoming how and from where such huge amounts of money would be raised by MSOs and cable operators. “It would be a huge investment is all that I can say,” Maran said.
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.
