Summary of Key Information:
Reporting Period: Quarter and Half Year ended 30th September, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results under SEBI LODR Regulations
Audit Opinion:
Clean Limited Review Report - Statutory Auditors (Deloitte Haskins & Sells LLP) issued unmodified limited review reports for both standalone and consolidated financial results with no qualifications.
Key Financial Highlights [₹ in crore]:
Standalone Results:
Revenue from Operations: ₹458.30 crore (Q2 FY27) vs ₹477.18 crore (Q2 FY26) - decline of 3.95% YoY
Total Income: ₹472.71 crore (Q2 FY27) vs ₹478.79 crore (Q2 FY26)
Net Profit: Loss of ₹63.92 crore (Q2 FY27) vs Loss of ₹70.12 crore (Q2 FY26)
EPS: Negative ₹0.41 (Q2 FY27) vs Negative ₹0.45 (Q2 FY26)
Other Equity: ₹4,073.92 crore (Sep 2026) vs ₹4,187.65 crore (Mar 2026)
Cash and Cash Equivalents: ₹2.87 crore (Sep 2026) vs ₹33.86 crore (Mar 2026) - significant decline
Debt: Total borrowings of ₹3,088.04 crore (Current) + Lease liabilities of ₹161.44 crore
Consolidated Results:
Revenue from Operations: ₹544.67 crore (Q2 FY27) vs ₹497.81 crore (Q2 FY26) - growth of 9.41% YoY
Total Income: ₹559.49 crore (Q2 FY27) vs ₹500.84 crore (Q2 FY26)
Net Profit: ₹52.96 crore (Q2 FY27) vs ₹41.25 crore (Q2 FY26) - growth of 28.39% YoY
EPS: ₹0.34 (Q2 FY27) vs ₹0.27 (Q2 FY26)
Other Equity: ₹4,196.24 crore (Sep 2026) vs ₹4,152.91 crore (Mar 2026)
Cash and Cash Equivalents: ₹4.65 crore (Sep 2026) vs ₹38.51 crore (Mar 2026)
Debt: Total borrowings of ₹3,088.04 crore (Current) + Lease liabilities of ₹162.41 crore
Segment-wise Performance:
The company operates in a single reportable segment 'Media Operations' as per Ind AS 108, hence no segment-wise breakdown provided.
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced in this board meeting.
Other Significant Information:
The National Company Law Tribunal, Mumbai Bench sanctioned the Scheme of Amalgamation of News18 Marathi Private Limited with Network18 Media & Investments Limited on 22nd October, 2026. The scheme will become effective upon fulfillment of conditions precedent.
News18 Marathi became a wholly owned subsidiary effective 29th October, 2025 after acquisition of shares from joint venture partner Lokmat Media Private Limited.
Entities in Consolidation:
Parent: Network18 Media & Investments Limited
Subsidiaries: AETN18 Media Private Limited, Colosceum Media Private Limited, Greycells18 Media Limited, Infomedia Press Limited, Moneycontrol Dot Com India Limited, Network18 Media Trust, News18 Marathi Private Limited, Web18 Digital Services Limited
Associates and Joint Ventures: Big Tree Entertainment Private Limited and 15 other entities
Financial Ratios Highlights:
Standalone Ratios:
Debt Service Coverage Ratio: Negative (0.18) for Q2 FY27
Interest Service Coverage Ratio: Negative (0.18) for Q2 FY27
Debt Equity Ratio: 0.64 (Sep 2026)
Current Ratio: 0.20 (Sep 2026)
Operating Margin: Negative (13.34%) for Q2 FY27
Consolidated Ratios:
Debt Service Coverage Ratio: 1.99 for Q2 FY27
Interest Service Coverage Ratio: 1.99 for Q2 FY27
Debt Equity Ratio: 0.62 (Sep 2026)
Current Ratio: 0.24 (Sep 2026)
Operating Margin: 23.11% for Q2 FY27
Net Profit Margin: 9.47% for Q2 FY27
Cash Flow Analysis:
Standalone Cash Flow (Half Year):
Net Cash from Operating Activities: ₹131.66 crore
Net Cash used in Investing Activities: ₹(14.00) crore
Net Cash used in Financing Activities: ₹(148.65) crore
Net decrease in Cash: ₹(30.99) crore
Consolidated Cash Flow (Half Year):
Net Cash from Operating Activities: ₹119.52 crore
Net Cash used in Investing Activities: ₹(4.46) crore
Net Cash used in Financing Activities: ₹(148.92) crore
Net decrease in Cash: ₹(33.86) crore