Network18 Shares Rise 12% As June Quarter EBITDA Jumps 69%
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.
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Indian Express
9 minutes ago
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News18
23 minutes ago
- News18
'India Our Closest Partner, It Is Even Better Now': Maldives President Muizzu
Last Updated: News18 spoke with Mohamed Muizzu at the Republic Square in Malé, soon after PM Modi left following a two-day state visit Maldives President Mohamed Muizzu told News18 in an exclusive conversation on Saturday that India is his country's 'closest partner" and the new Rs 5,000 crore credit line announced by Prime Minister Narendra Modi during his visit will greatly help the archipelagic country. News18 spoke with Muizzu at the Republic Square in Malé, soon after PM Modi left following a two-day state visit. 'India is our closest partner, of course. I'm sure it is even better now," Muizzu said. The President said that the Maldives was looking forward to the completion of the free trade agreement (FTA) with India. Both countries announced during PM Modi's visit that they will begin negotiations over the FTA. 'Once completed, the FTA will be very beneficial for traders of both countries. We are looking forward to it," Muizzu told News18. He also described the new Rs 5,000 crore credit line from India as a big help. Muizzu, in fact, told News18 how his government plans to utilise this aid. 'We have earmarked a lot of crucial projects to carry out with that. For example, hospitals, housing development, infrastructure, schools. So, it will definitely help," Muizzu said in the interview. The Maldives President also expressed his 'utmost thanks" to PM Modi for coming on this visit. 'We are very grateful to the PM," Muizzu told News18. These comments from Muizzu are a remarkable turnaround from 2023, when he came to power in the Maldives on an 'Out India" plank, and some of his ministers made uncharitable remarks on India in 2024. Muizzu also made state visits to Turkey and China before India, changing an old convention where a Maldives President always paid his first visit to India. But foreign minister S Jaishankar's visit to the Maldives last year, followed by Muizzu's state visit to India in October, brought bilateral relations back on track. view comments First Published: July 26, 2025, 19:13 IST 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.
