JioStar posts Rs 581 crore net profit in Q1 driven by IPL
Reliance Industries Limited
(RIL) and Walt Disney, reported a net profit of ₹581 crore for the quarter ended June, according to RIL's quarterly financial disclosure.
The company recorded an EBITDA of ₹1,017 crore and operating revenue of ₹9,601 crore, driven by the strong performance of the Indian Premier League (IPL) 2025. This comes despite ongoing challenges in the entertainment segment due to reduced FMCG advertising spends.
Explore courses from Top Institutes in
Select a Course Category
PGDM
MCA
Others
Finance
Data Science
Degree
Operations Management
Product Management
Technology
Data Analytics
Design Thinking
healthcare
Artificial Intelligence
Public Policy
Digital Marketing
Data Science
CXO
Cybersecurity
others
Management
Project Management
MBA
Leadership
Healthcare
Skills you'll gain:
Financial Analysis & Decision Making
Quantitative & Analytical Skills
Organizational Management & Leadership
Innovation & Entrepreneurship
Duration:
24 Months
IMI Delhi
Post Graduate Diploma in Management (Online)
Starts on
Sep 1, 2024
Get Details
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Villas Prices In Dubai Might Be More Affordable Than You Think
Villas In Dubai | Search Ads
Get Quote
Undo
RIL said the IPL delivered its highest-ever revenue across TV and digital this year. JioStar holds both TV and digital rights for the IPL in the Indian market.
While the TV entertainment segment continued to face pressure, the impact was offset by strong sports and subscription revenues. The company finalised subscription deals with all major distribution operators, aiding better monetisation and tighter cost controls.
For the FY25 period spanning November 14, 2024, to March 31, 2025, JioStar reported a net profit of ₹229 crore on operating revenue of ₹9,497 crore, with an EBITDA of ₹774 crore.
Live Events
On November 14, 2024, RIL and Disney completed the merger of Star India and Viacom18, forming JioStar. RIL controls the JV with a 56% stake, Disney holds 37%, and the remaining 7% is owned by Bodhi Tree Systems.
During the latest quarter, JioStar's streaming platform, JioHotstar, saw its subscriber base surge to 287 million during the IPL season, fuelled by its hybrid advertising and subscription model with limited free access. On television, JioStar reached more than 800 million viewers during the quarter.
The company also expanded its footprint in the Free-To-Air (FTA) Hindi general entertainment channel (GEC) segment with the relaunch of Star Utsav and Colors Rishtey on DD Free Dish. It had a 35.5% share in the entertainment TV category.
IPL 2025 marked a watershed moment for JioStar, achieving a combined reach of 1.19 billion viewers across TV—primarily Star Sports—and JioHotstar. The platform drew 652 million digital viewers, a 28% year-on-year increase, making it JioHotstar's most successful IPL season to date.
On television, the tournament delivered a 5.1 TVR and clocked over 514 billion minutes of watch time. The IPL 2025 final set a new digital benchmark, becoming the most-watched T20 match ever online with 237 million viewers and a peak concurrency of 55.2 million, surpassing the previous high of 35.9 million. The final also drew 189 million viewers on TV, making it the most-watched IPL match in broadcast history.
Beyond the IPL, JioStar's sports portfolio featured marquee events such as the ICC World Test Championship (WTC) Final. The network also secured exclusive digital streaming rights for India's five-Test series against England from Sony Pictures Networks India, further strengthening its sports lineup.
JioHotstar recorded its highest-ever monthly entertainment watch time in June 2025. The latest season of Criminal Justice delivered the strongest opening for any OTT original this year, according to Ormax Media, while Kesari 2 emerged as the most-watched film across all languages on the platform.
International content continued to gain traction. Captain America: Brave New World debuted as the second most-watched film of the quarter, while Mufasa: The Lion King became the most-watched international film ever on JioHotstar.
Star Plus retained its leadership in the Hindi GEC segment, with six of the top ten shows during the quarter.
Regional general entertainment channels also performed strongly. Star Pravah, Star Jalsha, Star Maa, and Asianet continued to lead in their respective markets. The network also maintained its dominance in niche genres such as kids, youth, and English entertainment.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
8 minutes ago
- Time of India
Mid-sized GCCs out-hire larger peers with double-digit growth in first half
Academy Empower your mind, elevate your skills ETtech Mid-size global capability centres (GCCs) in India are outpacing the large ones in hiring, according to data sourced by by mid-size GCCs , or those with 500–2,000 employees, increased 10–12% in the six months through June, compared with 4–6% by large GCCs , showed data from staffing services provider Quess Corp Most of the hiring by mid-size GCCs is aimed at replacing outgoing employees or expanding existing teams, said Quess Corp IT Staffing CEO Kapil Joshi. 'These centres are focused on long-term stability, process maturity, and cost efficiency.'To be sure, large GCCs, with more than 2,000 employees, still make up the majority of the workforce and continue to grow, albeit at a slower pace than in the the GCC wave is growing in India, large multinationals that already employ thousands in Indian GCCs are opting for leaner teams and sharper focus to make the workforce more agile and adapt quickly to business needs in the wake of the disruption from artificial large GCCs bring scale and reliability, the mid-size ones are leading the way in capability-led hiring, said relatively smaller firms are entering India for the first time or expanding operations quickly, building entire capabilities from the ground up, said Joshi. 'To attract the right talent, they are offering competitive salaries, signing bonuses and quicker career growth, especially for skilled professionals in AI and data roles…They're not just hiring more people, they're hiring differently, with a clear goal to build new capabilities and gain a competitive edge in the talent market.'Over the last five years, the headcount at mid-size GCCs grew 46%—to more than 220,000 in 2024 from 150,000 in 2019—compared with a 34% expansion in the workforce at other GCCs, showed data from ANSR that helps MNCs set up non-mid-market GCCs, largely comprising big GCCs, employed 1.68 million people in 2024, up from 1.25 million in GCCs are aggressively expanding in India. More than 45 new centres set up operations in the past two years alone, as per an April report by industry body Nasscom and consulting firm Zinnov. They account for nearly 35% of India's total GCCs, and 30% of the GCC additions during the past two operate under greater cost constraints than their larger peers, are rapidly evolving into significant contributors to their parent organisations' market strategies and are becoming influential players in their respective industries, according to sector centres are characterised by high maturity as transformation hubs, and deep product capabilities with a significant share of global product management talent. They have a high concentration of niche deeptech skills, a central role in global engineering, research & development (ER&D), an agile operating model enabling faster leadership elevation, and function as process transformation engines for their parents, say than 120 new mid-market GCCs are expected to be established in India by the end of 2026, adding about 40,000 jobs, ET had recently to the Nasscom-Zinnov report, the mid-market segment has the potential to attract at least 23–27% of the 130,000–150,000 global mid-market companies leading to AI-led transformation.
Mint
8 minutes ago
- Mint
Best stock recommendations today: MarketSmith India's top picks for 28 July
On Friday, Nifty 50 declined 0.9%, closing at 24,837, its lowest level in a month, as persistent selling in IT and midcap stocks dragged the index lower. This marked the fourth consecutive weekly loss for the benchmark, making it the longest losing streak of the year so far. Market sentiment remained weak throughout the session, with the index failing to hold above its key support levels. IT stocks were the major laggards, reflecting concerns over global demand and margin pressures, while midcaps saw broad-based profit booking. On the other hand, certain PSU Banks and Pharma names showed relative strength, offering some cushion to the broader market. Two stock recommendations for today by MarketSmith India: Buy: Cipla Ltd. (current price: ₹1,532) Also Read: India-UK FTA to boost bilateral trade for pharma, medtech, say industry bodies Buy: United Breweries Limited (current price: ₹2,030) Also Read: SRF pushes the pedal on capex amid potential demand revival Nifty 50 Recap On Friday, Indian equity markets witnessed a sharp sell-off as sustained bearish sentiment drove benchmark indices lower. Nifty 50 declined 225.10 points or 0.90% to close at 24,837, marking its lowest level in a month. Market breadth was distinctly negative, with 2,654 stocks declining versus 826 advancing, and 107 remaining unchanged, highlighting widespread weakness across the board. Significant pressure was observed in key financial names, with Bajaj Finance and Bajaj Finserv leading the losses, alongside notable weakness in frontline banking counters. Barring Pharma and Health Care, sectoral performance remained broadly negative, offering marginal support. Nifty Media led sectoral declines, slipping more than 2.5%, while IT, Metal, Auto, PSU Bank, and Realty indices registered losses more than 1% each. Broader market indices mirrored the weakness in large caps, with Nifty Midcap and Smallcap indices correcting up to 2%, indicating broad-based profit-booking and heightened risk aversion. The India VIX surged more than 5%, reflecting elevated volatility and increased investor caution amid ongoing earnings-related concerns and macroeconomic uncertainties. From a technical perspective, Nifty 50 formed two consecutive bearish candles on the daily chart and has breached its 50-DMA, signaling a loss of short-term support. The relative strength index (RSI) continues to trend downward and is currently positioned around 41, indicating waning bullish momentum. Furthermore, the MACD has triggered a negative crossover, reinforcing the cautious near-term outlook. These technical indicators collectively point to the possibility of continued consolidation or further downside pressure in the sessions ahead. According to O'Neil's methodology of market direction, the market status has been downgraded to an "Uptrend Under Pressure" as Nifty breached its "50-DMA" and the "distribution day count" rose to five. Nifty 50 continued to trend with a negative bias on Friday, closing below 24,800 amid broad-based selling pressure. Going forward, 24,750–24,500 will be a critical support area to watch; a sustained breach below this range could signal further downside in the near term. On the upside, immediate resistance is seen near 25,300. A decisive breakout and sustained move above this level would be essential to restore bullish momentum and improve market sentiment in the days ahead. How did Nifty Bank Perform? On Friday, Bank Nifty opened on a positive note, but volatility soon set in, dragging the index into negative territory as the session progressed. It remained under pressure for most of the day, reflecting persistent selling interest. On the daily chart, Bank Nifty formed a second consecutive bearish candle, with a lower-high lower-low structure, indicating continued weakness. The index opened at 57,170.70, touched an intraday high of 57,170.70, a low of 56,439.40, and finally settled at 56,528.90. The relative strength index (RSI) has turned marginally lower and is currently placed at 48, suggesting weakening momentum. Meanwhile, the MACD remains above the central line but continues to display a negative crossover, reflecting underlying caution. This technical configuration presents a neutral to mildly bearish outlook in the near term. According to O'Neil's methodology of market direction model, Bank Nifty remains in a 'Confirmed Uptrend', a status it has successfully maintained over the past few weeks. Nifty Bank has been consolidating within a defined range of 57,500 to 56,000 over the past three weeks, indicating market indecision and the absence of a strong directional bias. A decisive move beyond either boundary, a breakout above 57,500 or a breakdown below 56,000, is likely to set the stage for the next significant trend. Until such a move materializes, the sideways consolidation is expected to persist. Technically, immediate resistance is aligned near 57,500, while critical support is positioned between 56,200 and 56,000. MarketSmithIndia is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, founded by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
8 minutes ago
- Mint
Top three stocks to buy today—recommended by Ankush Bajaj for 28 July
On Friday, the Indian stock market closed on a weak note, witnessing broad-based selling across major indices. Investors remained cautious amid weak global cues, valuation concerns, and ongoing foreign institutional outflows. The session extended the recent corrective phase, with all benchmark indices finishing deep in the red. With Nifty breaking below the previous low and all key short-term averages, the outlook has turned bearish. The index now targets 24,500–24,450 on the downside, while any bounce toward 24,900–25,000 is likely to face selling pressure. Resistance is now established at 25,000–25,100, while support lies around 24,500–24,450. Buy: ETERNAL LTD — Current Price: ₹310.55 Also Read: Zomato surges past DMart in market value on Blinkit-fueled share rally Buy: FORTIS HEALTHCARE LTD — Current Price: ₹845.55 Buy: SYNGENE INTERNATIONAL LTD — Current Price: ₹681.10 Also Read: Biocon launches QIP to raise ₹4,500 crore Market Wrap On Friday, 25 July 2025, the Indian stock market closed on a weak note, witnessing broad-based selling across major indices. Investors remained cautious amid weak global cues, valuation concerns, and ongoing foreign institutional outflows. The session extended the recent corrective phase, with all benchmark indices finishing deep in the red. The Nifty 50 declined sharply by 225.10 points or 0.90%, closing at 24,837.00. The BSE Sensex also dropped by 721.08 points or 0.88%, ending at 81,463.09. The Bank Nifty mirrored the broader trend, falling by nearly 0.9% to settle around 56,566 after slipping below key support zones during intraday trade. Sector-wise, the losses were widespread, with oil & gas, metals, PSU banks, and auto sectors leading the fall. The energy and auto indices each lost over 2%, while metals and PSU banks were down by around 1.7%. Other sectors like IT, FMCG, private banks, and realty also closed lower, each shedding between 1% and 1.4%. The only pocket of resilience came from the pharma sector, which gained around 0.5%, supported by defensive buying amid heightened volatility. On the stock front, Cipla stood out as a top gainer, rallying nearly 3% after strong quarterly earnings and positive guidance. Dr. Reddy's, SBI Life Insurance, Apollo Hospitals, and Mphasis also saw notable gains, buoyed by buying interest in defensive and healthcare-related stocks. Conversely, Bajaj Finance led the list of laggards, falling by nearly 6% amid investor concerns over valuations and asset quality pressures, despite reporting solid earnings. Shriram Finance, IndusInd Bank, Tech Mahindra, and Maruti Suzuki also ended the day with losses in the range of 2.4% to 2.8%. Chennai Petroleum was among the worst performers, plunging nearly 9% in a sharp reversal. The broader market sentiment remained fragile, with midcap and smallcap indices also coming under pressure. The Nifty Midcap 100 declined by around 1.6%, while the Smallcap index fell by more than 2%, as profit booking intensified in high-beta names. The rotation away from cyclical and export-oriented stocks toward defensives continued, reflecting a cautious stance among investors. Overall, Friday's session reinforced the short-term corrective phase in the market. With benchmark indices breaking below key support levels, the outlook remains cautious. However, the positive performance in the pharma space suggests selective stock-specific opportunities may still exist even in a weak market environment. Nifty Technical Analysis From a technical standpoint, the index is now trading below both the 40-day EMA (25,041) and the 20-day SMA (25,259), reflecting a shift in the short-term trend toward weakness. On the hourly chart, Nifty is hovering near the 20-hour SMA (25,037) and 40-hour EMA (25,035), but with the price closing well below these levels, short-term momentum appears firmly negative. Momentum indicators have deteriorated considerably. The daily RSI has declined to 40.65, moving closer to the oversold territory, indicating weakening underlying strength. The hourly RSI stands at 27, clearly in the oversold zone, suggesting potential for minor intraday bounces, though the broader trend remains under pressure. The MACD readings have turned negative, with the daily MACD at –19 and the hourly MACD falling to –44, confirming a bearish crossover and signaling continued downside momentum. The broader chart pattern confirms the breakdown of the previous support level at 24,882, invalidating the earlier bullish setup and shifting the short-term structure to bearish. With the index failing to hold above key moving averages and lacking any reversal signal, the near-term downside target is seen around 24,500–24,450. In the derivatives space, the options data reflects a decisively bearish bias. Total Call open interest stands at 2.43 crore, significantly higher than the Put OI of 1.64 crore, with a net difference of –78.55 lakh, clearly indicating call writing dominance. Further, the change in OI reinforces this stance, with Call OI increasing by 38.95 lakh and Put OI decreasing by 6.79 lakh, leading to a net change of –45.74 lakh. This aggressive call buildup and put unwinding suggest a buildup of bearish sentiment. The Put-Call Ratio (PCR) has deteriorated and remains below 1, affirming the negative bias. Strike-wise, maximum Call OI and change are concentrated at 25,700, while aggressive additions are also visible at 26,500, pointing to elevated resistance levels. On the Put side, maximum OI is at 25,600, and the highest additions are at 25,620, but the reduction in overall Put OI reflects diminishing bullish conviction. India VIX remained relatively stable, but the breakdown in price without a corresponding spike in volatility may indicate complacency among participants, keeping the risk of sharp moves alive should selling intensify. With Nifty decisively breaking below the previous swing low and all key short-term averages, the outlook has turned decisively bearish. The index now targets 24,500–24,450 on the downside, while any bounce toward 24,900–25,000 is likely to face selling pressure. Resistance is now firmly established at 25,000–25,100, while support lies around 24,500–24,450. Momentum indicators and derivatives data confirm bearish control. Until the index reclaims 25,100–25,324 decisively, the short-term bias will remain negative. Traders are advised to maintain a bearish stance, use rallies to initiate fresh shorts, and keep tight stop-losses above 25,100 to protect against potential whipsaws. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
