News Broadcasting
TV industry head honchos win FPFAC ‘achiever’ awards
MUMBAI: The Foundation of Promotion of Film Arts and Crafts (FPFAC) honoured leading luminaries from the television industry for their significant contribution to the media and entertainment business. The list of winners was announced at the India International Film Convention (IIFC) 2003 – the one of its kind convention that was held on 16 and 17 August 2003 at the Intercontinental The Grand Mumbai.
The FPPAC committee members such as the president Anil Nagrath, V-P Supran Sen and secretary Vinod Kumar presented the ‘achiever of the year’ award trophies to Creative Eye director Dheeraj Kumar; film producer Pahlaj Nihalani; film distributor Shyam Shroff of Shringar Films; UTV group director Zarina Mehta; Sri Adhikari Brothers Television Network (SABTNL) directors Markand and Gautam Adhikari. Most of these luminaries attended the IIFC convention and participated in the interactive discussions as well as presentations.
The other winners included Bollywood stars Amitabh Bachchan and national award winner Ajay Devgan.
The committee members of the FPFAC decided that they will personally present the Bollywood stars who could not make it to the function due to prior commitments.
Accordingly, FPFAC president Anil Nagrath and other committee members went to the Film City and presented the awards to Devgan on the sets of producer Keshu Ramsay and director Raj Kumar Santoshi’s feature film Khakee.
Director Raj Kumar Santoshi presented the FPFAC achiever of the year award to Amitabh Bachchan for his significant achievement in becoming the leading brand equity of the year and for being an icon for everyone connected with the industry.
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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.
