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TV18 reports Rs 9.8 million net loss for SQ-2002

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MUMBAI: The Raghav Bahl-promoted Television Eighteen India Ltd, which runs the CNBC India business news channel, has reported a consolidated net loss of Rs 9.81 million for the quarter ended 30 September, 2002 as compared to a net loss of Rs 14.67 million for the quarter ended September 30, 2001.

Total Income has increased from Rs 78.81 million in SQ-2001 to Rs 79.96 million in SQ-2002, bseindia.com has reported

The company’s business news revenue grew 47.25 per cent to Rs 82.46 million from Rs 56 million in the previous corresponding quarter. Revenues from both entertainment and Internet operations however were down. Entertainment revenues saw a 50.3 per cent drop from Rs 5.19 million to Rs 2.58 million, while the e-business income fell 46.7 per cent from Rs 3.66 million in SQ-2001 to Rs 1.95 million in SQ-2002.

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Overall operating profit, however, improved to Rs 19.22 million from Rs 1.06 million last year, the company financial statement states.

The company ascribed two principal reasons for the losses:

EXTRAORDINARY CHARGES – An extraordinary non recurring loss of Rs 5.79 million incurred on account of land in Noida (on the outskirts of Delhi) lying unused since 1995. This land was returned to the authorities at a value loss of Rs 5.79 million. The proceeds of Rs 22.73 million were used to prepay a term loan from ICICI Bank. This resulted in a prepayment penalty of Rs 700,000. This prepayment will lead to lowering of interest costs for the current quarter, the statement says.

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OTHER INCOME: Net of foreign exchange losses of Rs 8.19 million on account of appreciation of the rupee against the dollar. This neutralises the extraordinary gains booked in the previous quarter on account of rupee depreciation.

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News Broadcasting

News18 India to air Sabse Bada Dangal on 4 May counting day

Channel promises fastest results, live trends and analysis across five states.

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MUMBAI: Ballots will do the talking and screens will do the shouting. As counting day approaches for high-stakes Assembly elections across West Bengal, Tamil Nadu, Kerala, Assam and Puducherry, News18 India is gearing up for an all-day broadcast of its flagship election show, Sabse Bada Dangal, on 4 May from 6 am onwards. The Hindi news channel plans to deliver continuous, real-time updates as votes are tallied, combining live counting data with on-ground reporting and studio analysis. With political fortunes set to shift through the day, the coverage will track every swing, surge and surprise as trends turn into results.

The broadcast will feature a mix of senior political leaders, analysts and experts, offering instant reactions and decoding the evolving electoral picture. Expect heated debates, quick takes and detailed breakdowns as the numbers settle across all five states.

For News18 India, counting day has long been a high-visibility moment. The network is banking on its reporting reach, editorial bandwidth and technology-driven coverage to stay ahead in what is often a fiercely competitive news cycle.

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With multiple battlegrounds and shifting narratives, the day promises both drama and data in equal measure. And if all goes to plan, Sabse Bada Dangal will once again turn the counting of votes into prime-time spectacle.

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