News Broadcasting
TV Today records Rs 257.97 crore revenue for Q3FY23
Mumbai: TV Today Network’s revenue from operations fell 10.33 per cent to Rs 231.31 crore for the quarter ended December 31, 2022, compared to Rs 257.97 crore in the same quarter last year. Total income for the company fell 8.4 per cent to Rs 244.31 crore in Q3 FY23, from Rs 266.83 crore in Q3 FY22.
Expenses increased 12 per cent from Rs 184.25 crore to Rs 206.30 crore. Net profit for the quarter fell 55 per cent to Rs 27.62 crore from Rs 61.50 crore.
For the quarter that ended December 31, 2022, the company’s revenue from television and other media operations was Rs 228.93 crore, down from Rs 252.16 crore. Furthermore, radio revenue was Rs 2.38 crore as opposed to Rs 5.81 crore. The board also approved Aroon Purie’s re appointment as chairman and whole time director for a five year term beginning April 1, 2023, subject to shareholder approval. The managing director and vice chairperson Kalli Purie Bhandal was also re appointed for a five year term beginning April 1, 2023, subject to shareholder approval.
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.
