News Broadcasting
India Today-Axis-My-India exit poll mechanism enters Harvard Business Class
NEW DELHI: Known for its most accurate predictions, the India Today Group’s exit-poll mechanism has made its way to the Harvard Business School curriculum.
The India Today-Axis-My-India post-poll surveys have given the most definitive predictions in about 95 per cent of all the elections that took place in the country between 2013 and 2020.
Now, the same research and multi-layered mechanism has become the first ever case study built by the Ivy League business school.
The case study, now part of the HBS’ classroom course on elections, highlights the complexity associated with successfully predicting elections in the world’s largest democracy, with all its diversity, varied geographies, shared international borders, sprawling rural populations and 23 different languages.
The case study, written by professor Ananth Raman, senior associate Ann Winslow and research associate Kairavi Dey, discusses the process that goes behind forecasting elections in India and the methods the channel uses to analyse data along with the research firm to reach accurate forecasts – from selection of field surveyors, hiring and training, data-collection technology, quality auditing, data analysis to final forecasting.
India Today Group is delighted to be associated with Axis-My-India and this global recognition. The association goes strong for years and the results are a testimony to the most focused research and proven methodology.
UPS Foundation professor of business logistics chair, OPM, HBS Professor Ananth Raman stated that predicting elections accurately in an extremely complex country like India is indeed challenging.
The case study, which illustrates numerous operational details, including those associated with training surveyors and moving them across different locations based on their linguistic and socio-economic identities to get a feel of the electorate’s pulse, will inspire students at the Harvard Business School to create their own entrepreneurial journey, he noted.
Professor Raman also mentioned that while they have seen numerous examples of experienced organisations struggling to predict election outcomes in the recent past, this case illustrates how a robust mechanism devised a process to predict outcomes most accurately.
What sets it apart from all the other competitive surveys is its reach across the length and breadth of the country (700+ districts), an average survey size of over five lakh people for national surveys, GPS-enabled tablets to maintain geographical sanctity, as well as computer-aided questionnaires backed by social intelligence to garner maximum data veracity.
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.
