Network 18 Media & Investments Ltd's Q3FY25 Quarter Results
- 15 Jan 2025
Result Summary
- Network 18 Media & Investments Ltd reported a 30.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 25.3%.
- Its expenses for the quarter were down by 31.5% QoQ and 25.5% YoY.
- The net profit increased 819.1% QoQ and increased 1197.8% YoY.
- The earnings per share (EPS) of Network 18 Media & Investments Ltd declined at 9.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1442.55 | 2059.35 | 1930.38 | -30.0% | -25.3% |
Total Expenses | 1535.64 | 2243.13 | 2062.53 | -31.5% | -25.5% |
Profit Before Tax | -1518.82 | -183.78 | -132.15 | 726.4% | 1049.3% |
Tax | -0.14 | 4.50 | 5.98 | -103.1% | -102.3% |
Profit After Tax | -1399.91 | -152.31 | -107.87 | 819.1% | 1197.8% |
Earnings Per Share | -9.40 | -0.60 | -0.60 | 1466.7% | 1466.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Network 18 Media & Investments Ltd is a major player in the media and broadcasting industry. The company has a diverse portfolio of services and products, including television channels, digital platforms, filmed entertainment, digital commerce, magazines, mobile content, and allied media services. It holds a prominent position in the Indian media sector and has been involved in numerous significant developments recently. However, the specifics of these are beyond the scope of this report.
Revenue
In the third quarter of FY25, Network 18 Media & Investments Ltd reported a total income of ₹1442.55 crores. This was a decrease of 30.0% from the preceding quarter (Q2FY25), which had a total income of ₹2059.35 crores. When compared to the same quarter in the previous fiscal year (Q3FY24), the total income showed a decrease of 25.3%, from ₹1930.38 crores. This indicates that the total income for Network 18 Media & Investments Ltd has been decreasing both on a quarterly and an annual basis.
Profitability
The profitability of Network 18 Media & Investments Ltd for Q3FY25 has been negatively impacted. The company reported a Profit Before Tax (PBT) of -₹1518.82 crores, a substantial increase from -₹183.78 crores in the previous quarter, indicating a QoQ change of 726.4%. The YoY change in PBT was 1049.3%, from -₹132.15 crores in Q3FY24. The Profit After Tax (PAT) also followed a similar trend, with the company reporting -₹1399.91 crores in Q3FY25, up 819.1% QoQ from -₹152.31 crores and up 1197.8% YoY from -₹107.87 crores in Q3FY24. This suggests a notable decline in profitability for the quarter.
Operating Metrics
An important operating metric for any company is the Earnings Per Share (EPS), which can provide insight into the company's profitability on a per-share basis. In Q3FY25, Network 18 Media & Investments Ltd reported an EPS of -₹9.40, a significant increase from -₹0.60 in both the previous quarter and the same quarter of the previous year. This indicates a QoQ change of 1466.7% and a YoY change of 1466.7%, reflecting a significant decrease in EPS and, hence, a decline in shareholder profits. The total expenses for the company also saw a decrease of 31.5% QoQ and 25.5% YoY, which could be indicative of the company's efforts to control costs amidst declining revenues. However, these efforts have not been successful in improving the company's overall profitability.
