News Broadcasting
TV18’s national news biz achieves break even in FY’12
MUMBAI: The national news business of TV18 Broadcast continues to be operationally profitable, even if the bottom line is in red. The company said that the national news business of TV18 Broadcast has attained break-even status while losses continue to kick in from regional news operations.
General News (CNN-IBN, IBN7 & 50% of Lokmat)
TV18’s general news operations on a combined level posted an operating loss of Rs 17 million for the fourth quarter, narrowing it from Rs 22 million in the earlier year. However, this is marginally higher than the fiscal-third quarter when the operating loss was Rs 16 million.
Revenue rose to Rs 916 million, from Rs 705 million in the corresponding quarter of the previous fiscal.
For the full-fiscal, revenue stood at Rs 3.03 billion, up from Rs 2.52 billion a year ago. The operating loss stood at Rs 44 million, narrowing from Rs 122 million in FY’11.
“Our general news operations performed particularly well in a highly competitive market and our revenues for the full year grew by 20 per cent. Our national news operations are now break-even,” the company said.
Business News (CNBC TV18 and CNBC Awaaz)
Operating profit from the business news segment for the final quarter of the fiscal has narrowed to Rs 157 million, from Rs 289 million a year ago.
Revenue stood at Rs 1.03 billion, up from Rs 950 million.
For the full-fiscal, revenue tood at Rs 3.32 billion, up from Rs 3.06 billion a year ago. Operating profit was down to Rs 604 million, from Rs 880 million.
“Business news operations delivered a strong quarter driven by the Union Budget quarter. Our flagship coverage of key events such as the World Economic Forum Annual Meeting in Davos in January and programming around the Union Budget in February and March as well as coverage on the Budget Day itself was very well received by our audiences,” the company said.
TV News biz as a whole (CNBC TV18, CNBC Awaaz, CNN IBN and IBN7)
On a standalone basis, TV18 posted a net loss of Rs 83 million for the quarter compared to Rs 114 million a year ago.
Income from operations jumped to Rs 1.92 billion, from Rs 688 million. Advertising revenue stood at Rs 1.48 billion (from Rs 641 million), while subscription revenue was Rs 321 million, up from Rs 38 million.
Operating expenses jumped to Rs 1.77 billion, from Rs 687 million as its spend on marketing, distribution and promotional expenses and production expenses surged almost three times.
The company has not provided the financial results of Lokmat18, where it holds 50 per cent stake and Lokmat the remaining half, separately this time.
Infotaiment (History18)
The operating loss from intotainment channel History18 (AETN18 is a 50:50 JV between A&E TV Network and TV18 which runs History18) stood at Rs 154 million.
Revenue from infotainment channel History18, which was launched in the third quarter of the fiscal, stood at Rs 63 million.
TV18’s combined operating loss from news operations and infotainment was Rs 14 million, reversing from a profit of Rs 259 million in the earlier-year quarter. Revenue grew to Rs 2.01 billion compared to Rs 1.65 billion a year ago.
Consolidated results
On a consolidated basis, TV18 Broadcast (the name of the listed company) posted a net loss of Rs 334 million for the fiscal fourth quarter, mainly due to new channel launches (Sonic, Comedy Central and Colors HD). The company’s consolidated net loss in the same quarter of the earlier year stood at Rs 132 million.
Revenue jumped to Rs 5.12 billion, from Rs 2.06 billion a year ago. Advertising revenue (including TIFC and motion pictures) was at Rs 3.12 billion (from Rs 1.64 billion), while subscription revenue stood at Rs 646 million, from Rs 241 million in the year ago period.
Expenses during the quarter jumped to Rs 5.58 billion, from Rs 1.98 billion.
For the full fiscal, consolidated net loss widened to Rs 738 million, from Rs 174 million. Revenue stood at Rs 14.23 billion (from Rs 8.04 billion). For the full fiscal, advertising revenue stood at Rs 10.50 billion, while subscription revenue was at Rs 1.90 billion.
Expenses during the fiscal doubled to Rs 14.72 billion, compared to Rs 7.57 billion in the previous fiscal.
TV18’s consolidated numbers include 100 per cent standalone and AETN18, 50 per cent share of Viacom18 and 50 per cent share of IBN Lokmat.
The company’s shares closed Wednesday at Rs 25.4 on the BSE, up 0.99 per cent.
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.
