News Broadcasting
Mahindra Comviva strengthens global leadership team
NEW DELHI : Mahindra Comviva, the global leader in providing mobile VAS and financial solutions, today announced the appointment of Patrick Allainguillaume as the new Global Market Unit Head and part of the management team. The appointment is announced at a strategic time when Mahindra Comviva is aggressively focusing on extending its footprint in Europe and Americas.
Patrick will be responsible for the laying out and implementing the global sales strategy for the company. Ambar Sur, who was earlier heading the Global Market Unit, moves to a new role in innovation and strategic business.
Commenting on the appointment, Mr. Manoranjan Mohapatra, CEO, Mahindra Comviva said, “I am delighted to welcome Patrick on board as we continue with our growth story. Patrick will be instrumental in consolidating our business across the key regions to achieve the next growth phase.”
Expressing his enthusiasm at joining Mahindra Comviva, Patrick Allainguillaume said, “I am excited to be a part of Mahindra Comviva’s global leadership team. Mahindra Comviva is well poised to leverage its extensive portfolio of market leading solutions that enrich the lives of over a billion people across the globe.”
Patrick brings with him 25 years of experience in Information Technology and Telecom industry. Patrick also has an extensive knowledge in venture capital, business strategy and developing organizations internationally. He has held several executive positions for VAS organizations in Europe gaining acumen in Sales, Customer Services, World Wide Support and operations.
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.
