News Broadcasting
UTV Toons bags award at Asian Technical and Creative Awards
MUMBAI: UTV Toons’ animation series Meena in the City has bagged the runner up award in the Asian Technical and Creative Awards 2002 in the Best 2D Animation category.
Meena in the City revolves around Meena, a girl child born in India, who suffers on account of gender inequality. The series, made for UNICEF, has been telecast in several countries in Asia and elsewhere, according to UTV Toons business development manager Jyotirmoy Saha. Meena won the award for the characterization, attention to detail, style and finesse, says Saha.
The five year old wing of UTV Software, UTV Toons ranks among the region’s top animation outsourcing destinations for both Flash and Traditional animation, with a repertoire of clients from Europe, North America and Asia. The animation production house currently has four projects on hand, three of them for North American clients.
Among UTV Toons’ other projects, Jo Kilat for TV12 has earlier been awarded the best children’s TV programme in Bahasa Malaysia. The series depicts the adventures of 12 year old Jo Kilat and his friends. Another series made for Unicef, Sara, highlights problems of teenage pregnancy, HIV and AIDS, which are burning issues in South Africa.
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.
