Network18 Q4 Results: Reports Loss As Revenue Declines

Network18 Media and Investments Ltd. slipped into losses in the March quarter as revenue growth fell.

The media company, which is part of Reliance Industries Ltd., recorded a loss of Rs 36.78 crore in the three months ended March 31, as against a profit of Rs 61.85 crore in the year-ago period. Revenue fell 8.5% year-on-year to Rs 1,484 crore.

Network18 Q4 Results: Key Highlights (YoY)

• Revenue declined 8.5% to Rs 1,484 crore.

• Ebitda down 78.5% to Rs 57.19 crore.

• Ebitda margin at 3.85% vs 16.39%.

• Loss at Rs 36.78 crore as against a profit of Rs 61.85 crore in the previous year.

On Monday, shares of Network18 rose 3.8% to Rs 57.38 apiece, even as the benchmark Sensex ended the day 0.86% lower at 59,910.75 points. The quarterly results were declared after market hours.