Categories Earnings, Others

Network 18 Media & Inv. Q4FY23 Earnings Story

One of the largest digital media publisher in India, Network 18 Media & Investments Ltd, owns prestigious media businesses. Ritu Kapur and Raghav Bahl founded it in 1993, and in 1999 it became a public limited corporation.

TV18 Broadcast Limited, a Network 18 Media subsidiary, oversees the broadcasting division primarily. It operates India’s biggest news network, covering both business and general news and produces material in both English and Hindi.

Financial Result for Q4FY23:

  • Network 18 Media & Investments Ltd. reported Total Income for Q4FY23 of ₹1,50,627 lakhs down from ₹ 1,63,202 lakhs year on year, a fall of 7.7%.
  • Total Expenses for Q4FY23 of ₹ 1,54,153 lakhs up from ₹ 1,40,940 lakhs year on year, a growth of 9.3%. 
  • Consolidated Net Loss of ₹ (3,519) lakhs, down from ₹ 20,993 lakhs of Net Profit in the same quarter of the previous year. 
  • The Earnings per Share is ₹ (0.36), down from ₹ 0.60 in the same quarter of the previous year.

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