News Broadcasting
UTV’s verticals profitable in FY’11, movie dominates
MUMBAI: The movie business is still UTV Software Communications’ leading vertical, but the television and gaming segments have supported the company’s growth in FY’11.
UTV has achieved its movie revenue guidance for the fiscal, posting a turnover of Rs 4.54 billion. while all the verticals have turned operationally profitable.
For the full-fiscal, the company with varied interests in movie production, broadcasting and gaming has posted a a consolidated net profit (after minority interest) of Rs 1.35 billion, a 154.03 per cent jump from Rs 533.32 million a year ago.
UTV’s operating revenue for the fiscal jumped 40 per cent to Rs 9.29 billion, from Rs 6.64 billion in the earlier year. Television business aided 38 per cent of the topline during the fiscal.
The company has consolidated the financials of UTV Communications (USA) LLC, IG Interactive Entertainment, UTV Global Broadcasting, UTV TV Content, UTV Games, First Future Agri & Developers, UTV New Media, Indiagames and the group’s stepdown subsidiaries -Ignition Entertainment, True Games Interactive, Genx Entertainment, UTV Entertainment Television, UTV Tele-Talkies, RB Entertainment Ltd & Vikatan UTV Content and the JV Screenshot Television Limited.
Movie Segment:
Aided by films like Rajneeti, No One Killed Jessica, Saat Khoon Maaf, and Dhobi Ghat among others, the movie business revenue jumped 44 per cent to Rs 4.54 billion, from Rs 3.15 billion a year ago. Operating profit went up 60 per cent to Rs 1.53 billion, from Rs 951 million.
UTV was largely de-risked with a combination of pre-sales and committed revenues on account of music, home video, TV and ancillary revenues prior to the release of the movies.
Television Segment:
The television segment revenue jumped 43 per cent to Rs 3.56 billion, up from Rs 2.49 billion a year ago.
The company posted operating profit of Rs 309 million from the segment compared to an operating loss of Rs 2 million in the earlier year.
Games and Interactive division:
UTV’s gaming and new media business raked in Rs 1.2 billion, contributing to 13 per cent of UTV’s total revenue. The company had registered a revenue of Rs 1.07 billion from the segment in the previous fiscal.
The segment saw an operating profit of Rs 141 million, as against an operating loss of Rs 148 million in FY’10.
The segment comprises Ignition, Indiagames, True Games, web and mobile foray of the company.
As of 31 March 2011, UTV had a net debt of Rs 8.19 billion.
Shares of UTV jumped 4.01 per cent to close at Rs 654.55 on the BSE.
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.
