Network18 Swings to Rs 1.48 Billion Profit in Q1, Revenue Hits Rs 4.68 Billion

Network18 Media & Investments Ltd has posted a sharp turnaround in its financial performance for the June quarter of FY26, reporting a consolidated net profit of Rs 1.48 billion. The results reflect improved cost control and a rebound in advertising revenue across its broadcast and digital platforms.

 

Key Highlights:

 

- Consolidated revenue from operations stood at Rs 4.68 billion, supported by strong viewership across news and entertainment channels.

- Net profit surged to Rs 1.48 billion, reversing losses from previous quarters and signaling operational recovery.

- The company benefited from a favorable base effect and improved monetization of digital assets, including Firstpost and Moneycontrol.

 

Segment Performance:

- Television broadcasting remained the largest contributor, with regional news channels and entertainment properties like Colors and MTV showing steady growth.

- Digital media saw increased traffic and engagement, aided by election coverage and exclusive content partnerships.

- The company’s OTT investments via Viacom18 and JioCinema continued to gain traction, though monetization remains in early stages.

 

Operational Metrics:

- Employee costs and content expenses were kept in check, contributing to margin expansion.

- Network18 also completed internal restructuring of subsidiaries, streamlining operations and reducing overheads.

- The company’s debt position remained stable, with no major refinancing pressures in the near term.

 

Outlook:

- Analysts expect Network18 to maintain momentum in the upcoming festive and sports-heavy quarters.

- Continued investment in regional content and digital distribution is likely to drive growth, especially in Tier 2 and Tier 3 markets.

 

Sources: Moneycontrol, ICICI Direct, Economic Times Markets, Network18 Investor Filings, Marketscreener India