News Broadcasting
TV18 Q2 net profit at Rs 160 million, up 44% YOY
MUMBAI: The Raghav Bahl promoted Television Eighteen has posted its consolidated net profit at Rs 160.45 million up 44 per cent year on year (YoY) for the second quarter ended 30 September, as against Rs 111.55 million in the year-ago period.
The company’s revenue has also witnessed a jump of 70 per cent YoY to record at Rs. 530.08 million. Revenue from news operations rose to Rs 476.92 million, from Rs 295.31 million a year ago.
The TV18’s Internet business rose over 200 per cent YoY, according to an official release. The reveunes from the internet and software operations has gone up from Rs 17 million during the corresponding period a year ago to Rs 53.16 million this quarter. It is also worth noting that the internet business had crossed $1 million during the first quarter of this fiancial year.
The company’s operating profit surged to Rs 249.04 million, up from Rs 172.68 million. The operating margin dipped to 47 per cent largely on account of the consolidation of CNBC Awaaz revenues and costs in P&L.
The consolidated revenues including CNBC-TV18, CNBC-Awaaz, moneycontrol.com and commoditiescontrol.com. The current quarter’s revenue/cost strictly is ‘not’ comparable with the same quarter in the previous year, since revenue/cost of Awaaz are being included from this quarter onwards. The TV18 consolidated revenue includes revenues from CNN-IBN, IBN7 and other Web18 Portals.
Following the meeting of the board of directors Television Eighteen MD Raghav Bahl said: “This has been an exceptionally good quarter for us. As a Network, we have doubled revenues – while our listed entity has posted a 70 per cent year-on-year growth. We have successfully concluded our scheme of demerger, and set 24 November as the record date – this will unlock an enormous amount of value for our shareholders, who will now enjoy the fruits of ownership in all our businesses, including CNN-IBN, IBN7, Home Shopping Network and Studio18. With several exciting forays in news broadcasting, internet portals, motion pictures and other multi-media platforms on the anvil, our shareholders can continue to look forward to a period of sustained growth.”
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.
