News Broadcasting
Ten Sports to air WWE special ‘No Mercy’
MUMBAI: There will be ‘no holds barred’ action this Sunday 22 October on Ten Sports.
The channel will air World Wrestling Entertainment’s (WWE) special event No Mercy at 2 pm.
Some of the biggest names in sport entertainment line up on the card and there will be the debut of MVP, who will finally enter the ring after months of contract negotiations.
No Mercy kicks off with Matt Hardy taking on Cruiserweight Champion Gregory Helms in a non title match. The two home town boys have had a lengthy rivalry and this promises to be their most fierce contest yet.
WWE Tag Team Champions London and Kendrick put their title on the line against K.C. James and Idol Stevens who have previously beaten the champions in non title bouts.
It is then the turn of MVP to make his debut when he takes on the unheralded Marty Garner. The self proclaimed ‘greatest athlete on the planet’ has claimed he will take on all comers and transform the world of sports entertainment but looks to be taking an easy match first time up.
The entertainment continues with match ups between Mr Kennedy and Undertaker, Rey Mysterio and Chavo Guerrero, Chris Benoit and William Regal and finally the World Heavyweight Champion Booker T puts his title on the line in a fatal four way match against Bobby Lashley, Batista and Finlay.
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.
