News Broadcasting
Star gears up for MIPCOM
MIPCOM is where the ‘stars’ align for business. And so it is that Star India will be participating for the eighth consecutive time at MIPCOM this year, armed to its teeth with content including Hindi and regional programs.
There’s no undermining how important MIPCOM is, even for an established entity such as Star India, whose programs have takers not only in India but all over the world. Star India vice president Ashutosh Mordekar puts it well saying: “MIPCOM is the biggest aggregation of content buyers and sellers across the globe. It provides a platform to showcase our content to buyers across the world.”
Ashutosh Mordekar believes the market provides an opportunity to meet and transact with new as well as existing clients
Mordekar also believes the market provides an opportunity to meet and transact with new as well as existing clients.
Star will be focussing on markets like Central and Eastern Europe, Russia and CIS region and Central Asia.
Coming to what’s new from the Star stable, Mordekar says: “Star is showcasing the epic Mahabharat which is the most expensive show coming from India. The show is already garnering interest across Asia and Europe, and buyers have already indicated their interest.”
Explaining why Indian content is very well accepted in global markets, he reasons: “The world is currently opening up to Indian content in a big way. Indian content is at present just breaking out. We are at the end of stage one, where the content has been sampled in various countries through initial foothold deals and the success of these shows has created a huge interest in fresh content coming from India.”
While it is generally felt that the production value of Indian content has gone up in recent times, is it really up-to-speed with international standards? “Yes! The last couple of years have seen a huge leap in the production value of our shows. Be it HD, Dolby 5.1 Sound etc. – the production values today are comparable to the best in the world,” quips Mordekar.
About the platforms the network plans to target at MIPCOM, he says: “We are going to be in discussions for exploiting our content on IPTV, mobile, VOD (Voice on demand) or free-to-air platforms.”
Optimistic about the results of participation, Mordekar is looking forward to this year’s fest.
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.
