StockWatch
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NETWORK18 MEDIA & INVESTMENTS LTD.

BSE: 532798

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
478.33
-12.5%+9.0%
Expenditure
556.25
-8.5%+9.1%
Net Profit
-77.92
-7.5%-115.1%
OPM %
0.91%
-1.01pp-99.09pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
-532.36564.901.7K2.8K3.9KQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Network18 slips to ₹38 Cr consolidated Q1 loss as one-off ETPL gain lapses; revenue +10% YoY

media broadcasting · net loss · exceptional item

ResultsQ1 FY2725 Jul 20263 minTelecom & Media
Latest
Quarterly Result15 Jul, 6:20 pm

Network18 slips to ₹38 Cr consolidated Q1 loss as one-off ETPL gain lapses; revenue +10% YoY

Network18 reported a consolidated net loss of ₹38.36 Cr for Q1 FY27 (quarter ended June 30, 2026), against a ₹148.85 Cr profit a year earlier — but that comparison flatters the decline. The entire year-ago profit came from a ₹150.64 Cr exceptional gain booked when Eenadu Television (ETPL) ceased to be an associate; stripping that out, Q1 FY26 was itself a ~₹1.79 Cr loss, so the clean, underlying picture is a loss in both periods that widened to ₹38.36 Cr. There was no exceptional item and effectively no tax this quarter. The loss also deepened sequentially, from ₹29.61 Cr in Q4 FY26. Revenue from operations rose 10.3% YoY to ₹516.26 Cr (from ₹467.86 Cr), aided by advertising tailwinds from the West Bengal and Tamil Nadu state elections — management said ad-inventory consumption grew ~10% YoY versus an estimated ~3% for the industry, with 15 channels ranked No.1 in their categories in June and Moneycontrol Pro past one million paid subscribers. But revenue fell 16.2% QoQ off the seasonally stronger ₹615.78 Cr Q4, and the growth did not reach the bottom line: consolidated operating margin compressed sharply to 8.76% from 15.92% a year ago, with operating EBITDA at just ~₹8 Cr. Costs rose broadly — employee expense to ₹208.34 Cr and marketing/distribution to ₹141.03 Cr. Two lines explain the swing to a wider loss. First, the associate/JV contribution halved to ₹37.74 Cr from ₹70.32 Cr YoY — this line (which houses the BookMyShow/Big Tree cluster) is what lifts the group above the ₹76.10 Cr standalone-level operating loss, and its shrinkage directly widened the deficit. Second, the standalone media business alone lost ₹77.92 Cr on ₹475.28 Cr revenue, showing the core operation remains structurally loss-making before associate income. Network18 gives no formal earnings guidance and no brokerage consensus estimate was on record for the quarter, so there is no beat/miss to strike; the read-through is simply that a 10% topline print masked continued operating losses and margin erosion once the prior-year one-off is removed.

15 Jul 2026, 06:20 pm

Corporate Events

Board MeetingNETWORK18
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