Network18 Media & Investments (NETWORK18) Q2 24/25 earnings summary

Executive summary

• Revenue from operations for the half year ended September 2024 was ₹5,76,773 lakh, up from ₹5,48,395 lakh year-over-year.

• The group reported a consolidated net loss of ₹34,767 lakh for the half year, compared to a loss of ₹2,660 lakh in the same period last year.

• Amalgamation of TV18 Broadcast Limited and e-Eighteen.Com Limited into the company became effective on 3rd October 2024, with results restated accordingly.

Financial highlights

• Total income for the half year was ₹5,35,145 lakh, compared to ₹5,48,395 lakh year-over-year.

• Operating margin for the half year was negative at (7.86)%, and net profit margin was (5.95)%.

• Earnings per share (basic and diluted) for the half year stood at ₹(1.45), compared to ₹(0.24) in the prior year.

• Net worth as of September 2024 was ₹15,36,073 lakh.

Outlook and guidance

• The company has restated previous periods to reflect the amalgamation, indicating a focus on integration and operational consolidation.