Network18 Media & Investments (NETWORK18) Q1 24/25 earnings summary

Executive summary

• Standalone and consolidated results for the quarter ended June 30, 2024, were reviewed and approved by the Audit Committee and Board on July 16, 2024, with a limited review by statutory auditors.

• Both standalone and consolidated financials reflect continued losses, with negative margins and subdued operational performance.

Financial highlights

• Standalone revenue from operations for Q1 FY25 was ₹5,700 lakh, down from ₹6,958 lakh in the previous quarter and up from ₹4,237 lakh year-over-year.

• Standalone net loss for the quarter was ₹7,501 lakh, compared to a loss of ₹6,837 lakh in the previous quarter and ₹6,350 lakh in Q1 FY24.

• Consolidated revenue from operations for Q1 FY25 was ₹3,29,210 lakh, up from ₹2,58,009 lakh in the previous quarter but down from ₹3,43,172 lakh year-over-year.

• Consolidated net loss for the quarter was ₹19,761 lakh, compared to a loss of ₹20,692 lakh in the previous quarter and a profit of ₹2,917 lakh in Q1 FY24.

• Basic and diluted EPS (standalone) was ₹(0.72), and (consolidated) was ₹(0.99) for the quarter.

Outlook and guidance

• No explicit forward-looking guidance or outlook was provided in the reviewed materials.