logo
Network18 Shares Rise 12% As June Quarter EBITDA Jumps 69%

Network18 Shares Rise 12% As June Quarter EBITDA Jumps 69%

News1816-07-2025
Network18 shares led the gains in Nifty Media index on July 16 as it surged 1%.
Network 18 Media & Investments Ltd shares rose 12% on July 16 after the media firm reported strong June quarter results, led by its strong performance in its digital and TV segments.
Net profit, after exceptional items, stood at Rs 516 crore in the fiscal first quarter. June quarter EBITDA increased by 69 percent and operating margin expanded to 1 percent from 0.5 percent in the year earlier, the company said.
At 10:26 am on July 16, Network18 shares were trading 12.3% higher at Rs 62.56 apiece. Network18 shares led the gains in Nifty Media index on July 16 as it surged 1% to trade at 1,755.
Revenue for the June quarter declined from a year earlier as the base quarter had a healthy contribution of election-linked advertising. Further, ad environment for the genre continued to be soft due to weak consumer demand and a sports-packed quarter, the company said in a stock exchange filing.
Despite the dual impact of weak ad environment and high base, Network18 displayed resilient performance on the back of its strong operating position, with news business operating revenue down by only 4.9 percent. Compared with the first quarter of FY24, which also did not have any significant revenue linked to elections, revenue is up 9 percent, added the company.
'Another quarter of strong operating performance, however, persisting macro-economic headwinds meant that it did not translate into a commensurate financial performance. Our steady progress across operating metrics over the last few quarters is a testimony to our vision for the business and the strategic execution of our plans. Our new product launches highlight our forward-looking approach and our endeavor to continue diversifying our business and build new avenues of growth," said Adil Zainulbhai, Chairman of Network18.
view comments
First Published:
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Russia starts direct commercial flights between Moscow, Pyongyang
Russia starts direct commercial flights between Moscow, Pyongyang

News18

time36 minutes ago

  • News18

Russia starts direct commercial flights between Moscow, Pyongyang

Moscow, Jul 27 (AP) Russia on Sunday opened a regular air link between Moscow and Pyogyang, a move reflecting increasingly close ties between the two countries. The first flight operated by Russian carrier Nordwind took off from Moscow's Sheremetyevo airport carrying over 400 passengers. Russia's Transport Ministry said there will be one flight a month to meet demand. Russian Foreign Minister Sergey Lavrov, who visited North Korea's new Wonsan-Kalma beach resort earlier this month to meet with North Korean leader Kim Jong Un, promised to encourage Russian tourists to visit the complex. The resort, which can accommodate nearly 20,000 people, is at the centre of Kim's push to boost tourism to improve his country's troubled economy. North Korea has been slowly easing the curbs imposed during the pandemic and reopening its borders in phases. But the country hasn't said if it would fully resume international tourism. Regular flights between Russia's eastern port city of Vladivostok and Pyongyang reopened in 2023 following a break caused by the coronavirus pandemic. Russia and North Korea have sharply expanded military and other ties in recent years, with Pyongyang supplying weapons and troops to back Russia's military action in Ukraine. (AP) RD RD First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

RInfra, Rpower say Enforcement Directorate concludes searches
RInfra, Rpower say Enforcement Directorate concludes searches

The Print

time41 minutes ago

  • The Print

RInfra, Rpower say Enforcement Directorate concludes searches

The company continues to operate in the normal course and the said action has no impact on its business operations, said two separate statements issued by both RInfra as well as RPower. 'The action by ED has concluded at all locations. The company and all its officials have fully cooperated and will continue to cooperate with the authority,' RPower said in its latest stock exchange filing. New Delhi, Jul 27 (PTI) Reliance Group firms Reliance Infrastructure (RInfra) and Reliance Power (RPower) on Sunday said the Enforcement Directorate (ED) has concluded searches at their premises and the companies will continue to cooperate with the federal probe agency. On Saturday, the ED carried out searches against the companies of Reliance Group chairman Anil Ambani in Mumbai for the third day and recovered a number of documents and computer peripherals from multiple locations, according to official sources. The raids were launched on July 24 by the federal probe agency as part of an alleged Rs 3,000-crore bank loan fraud-linked money laundering case apart from multiple other allegations of financial irregularities with crores of rupees by certain companies. 'The action by the ED has had no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders,' the two companies said in their stock exchange filings. Anil D. Ambani is not on the boards of RInfra and RPower. Accordingly, any action taken against RCOM or RHFL has no bearing or impact on the governance, management, or operations of RInfra and RPower, the two companies said. According to ED sources, the investigation primarily pertains to allegations of illegal loan diversion of around Rs 3,000 crore, given by the Yes Bank to the group companies of Ambani between 2017 and 2019. The Union government had informed the Parliament recently that the State Bank of India has classified RCOM along with Ambani as 'fraud' and was also in the process of lodging a complaint with the CBI. A bank loan 'fraud' of more than Rs 1,050 crore between RCOM and Canara Bank is also under the scanner of the ED apart from some 'undisclosed' foreign bank accounts and assets, the ED sources said. Reliance Mutual fund is also stated to have invested Rs 2,850 crore in AT-1 bonds and a 'quid pro quo' is suspected here by the agency. Additional Tier 1 (AT-1) are perpetual bonds issued by banks to increase their capital base and they are riskier than traditional bonds having higher interest rates. An alleged loan fund diversion of about Rs 10,000 crore involving Reliance Infrastructure too is under the scanner of the agency. PTI ABI HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Sotefin Bharat plans Rs 80 crore IPO to build parking robot unit for automated parking in Bengal
Sotefin Bharat plans Rs 80 crore IPO to build parking robot unit for automated parking in Bengal

The Print

time41 minutes ago

  • The Print

Sotefin Bharat plans Rs 80 crore IPO to build parking robot unit for automated parking in Bengal

'We are in the process of launching an IPO, which will help us become Atmanirbhar in the production of robots used in automated parking systems. The robot manufacturing facility will require around Rs 40 crore, while the remaining Rs 40 crore will be largely used for debt reduction and enhancing working capital to undertake larger projects,' Sotefin Bharat Managing Director & CEO Arup Choudhuri told PTI. The entire issue will be a fresh equity offer, with no stake dilution by the promoters or existing PE funds, a top company official said. Kolkata, Jul 27 (PTI) Swiss automated parking solutions major Sotefin SA's Indian subsidiary, Sotefin Bharat, on Sunday said it will hit the capital market to raise Rs 80 crore to support indigenous manufacturing of robots for automated parking systems in West Bengal. The company has announced a new manufacturing facility at Bagnan in West Bengal's Howrah district, entailing an investment of approximately Rs 40 crore. Once fully operational with in-house robotic manufacturing capabilities, the state-of-the-art plant is expected to create over 100 jobs and significantly boost Sotefin Bharat's production capacity, Choudhuri said. The facility is projected to support the creation of over 10,000 automated car parks or 25 automated parking projects per year, he added. The equity structure of the company is evenly held by two Indian promoters—Arup Choudhuri and Jignesh Sanghvi—Swiss partner Sotefin SA, and a clutch of PE funds, each holding 25 per cent. Post IPO, the fresh issue will dilute all existing promoter holdings by 6.25 per cent, taking public shareholding to nearly 25-26 per cent, Choudhuri said. The listing will also help unlock value, and the company is currently working with merchant bankers to prepare the Draft Red Herring Prospectus (DRHP), which is expected to be filed with the regulator within a month. The company has also started exporting its systems to the US and Dubai, officials said. 'Our order book currently stands at Rs 1,000 crore, which should support a 50–60 per cent growth over the next 3–4 years,' said Executive Director Jignesh Sanghvi. PTI BSM RG This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store