News Broadcasting
IndianOil to fuel Tata Open Maharashtra
MUMBAI: Organisers of Tata Open Maharashtra today announced Indian Oil Corporation Ltd. coming on board as a valued partner for the 2nd edition of Tata Open Maharashtra to be played at the Mhalunge Balewadi Stadium, Pune.
SERVO Lubricants from IndianOil, India’s flagship Maharatna national oil company will become ‘Powered By’ sponsor for the only ATP World Tour event that will see five top-50 players in the world among a slew of other international stars. The state-owned energy giant is the top Fortune 500 company of India with interests in oil, gas, petrochemicals and alternative energy sources.
“It is a matter of great pride for us having SERVO Lubricants as ‘Powered By’ sponsor for Tata Open Maharashtra. They have been very actively supporting India’s sporting movement by supporting athletes from multiple sports including Rohan Bopanna, Divij Sharan, R Ramkumar in Tennis. We thank them for sharing our vision and believing in our endeavour to make this event world-class,” said Prashant Sutar, Tournament Director, Tata Open Maharashtra.
“We are delighted to partner with Tata Open Maharashtra in the upcoming edition. As a responsible Corporate, IndianOil believes in encouraging sporting culture that is an important tool for development of future leaders and nation building. We are excited to see how this event is shaping up as such tournaments give a chance to our players to rub shoulders with top international players, helping our players in honing their skills,” said Subodh Dakwale, Executive Director (Corporate Communications & Branding), Indian Oil Corporation Ltd.
The tournament will see five players from top-50 including defending champion and World No. 30 Gilles Simon from France alongside World No. 6 Kevin Anderson from South Africa, World No. 7 Marin Cilic from Croatia, World No. 25 Hyeon Chung from Korea and World No. 45 Malek Jaziri from Tunisia.
Players from over 15 countries including Moldova, Serbia, South Africa, Spain, Korea, Croatia, Belarus, Russia, Latvia, Poland, Uzbekistan, Belgium, Tunisia, USA, France, Czech Republic will descend in Pune for the 2019 season opener.
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.
