News Broadcasting
It feels good to ring the bell, says HDFC’s Keki Mistry
MUMBAI: HDFC vice chairman and CEO Keki Mistry rang the opening bell on the BSE day, this morning. He was present at the Bombay Stock Exchange (BSE) on the invitation of ET Now to celebrate the BSE day.
On how it felt to ring the bell at the BSE, KeKi Mistry said in a jest, “Very Very nice. I was at the board of BSE for many years but never had the opportunity to ring the bell. So this is a great experience.”
However, while talking about the market with ET Now’s Nikunj Dalmia, Chief Editor, Financial Markets, he added, “The mood is a little nervous about emerging markets presently, which got reflected in the last week’s results. But, I think that India stands out and investors also realize the same. Our fundamentals are so much better, the foreign exchange position is good and the reduction in oil and commodity prices is great news. “
The event and the interview was LIVE telecast by ET Now today. Besides, the viewers could catch all the updates and special coverage from the BSE headquarters all through the day.
HDFC is a pioneer of housing mortgage in India. The leader has turned the concept of selling mortgages into a profitable, professionally managed and world-class enterprise. HDFC is how over 5 million families in India spell the word home.
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.
