A diversified media and entertainment (M&E) conglomerate, Network18 Media & Investments (Network18 Group) has holdings in television, digital content, filmed entertainment, e-commerce, print, and related companies. Its primary business of broadcasting is managed by TV18 Broadcast, which is a subsidiary of Network18. It manages India’s biggest news network, which includes local, national, and business news.
Financial Results:
A consolidated net loss of INR 7.68 crores in the third quarter of FY23 was reported by the company. This is in comparison to the net profit of INR 97.10 crore the company reported in the year-ago period.
A growth of 11.65 percent was reported in O3 FY23 from revenue from operations which stood at INR 1850.49 crore. This is against INR 1657.43 crore which was reported in the corresponding quarter, a year ago.