News Broadcasting
TV18 reports loss from news biz for 2nd successive quarter
MUMBAI: TV18 Broadcast Ltd’s news business reported net loss for the second straight quarter in the year ended 30 September on a sharp rise in interest cost.
The Network18 subsidiary’s net loss from news business was Rs 252 million in the second quarter and Rs 78 million in the first quarter of this year. In the second quarter of previous year, TV18 had a net profit of Rs 78 million and in the whole of 2011-12, its net profit was Rs 92 million.
Its interest cost more than doubled to Rs 365 million in the second quarter from Rs 178 million a year earlier.
The news segment’s operating revenue and operating expenses were both down by 14 per cent in the second quarter compared with a year earlier. Its operating revenue was down to Rs 1.09 billion from Rs 1.27 billion a year earlier, while operating expenses fell to Rs 952 million from Rs 1.10 billion a year earlier.
TV18 standalone’s operating profit fell 13.50 per cent to Rs 147 million in the second quarter from Rs 170 million a year earlier.
Revenues from business news as well as general news businesses were down in the second quarter. Revenues from business news were down 16 per cent to Rs 519 million in the second quarter from Rs 619 million a year earlier and from general news down 11.71 per cent to Rs 603 million from Rs 683 million a year earlier.
TV18 business news’ operating profit in the second quarter was flat at Rs 169 million against Rs 163 million a year earlier. Its general news division’s operating loss widened in the second quarter to Rs 33 million from Rs 7 million a year earlier. In the first quarter of this year, general news segment had reported an operating profit of Rs 22 million.
TV18 Broadcast results include financials of news channels CNBC TV18, CNBC Awaaz, CNN IBN and IBN7.
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.
