Network 18 Media & Investments Ltd Share Price – NSE /  BSE

Media - Print/Television/Radio, Small Cap

Network 18 Media & Investments Ltd rose for a third straight session today. The stock is quoting at Rs 80.74, up 2.7% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 24444.3. The Sensex is at 80286.14, down 0.1%. Network 18 Media & Investments Ltd has dropped around 1.62% in last one month.

Meanwhile, Nifty Media index of which Network 18 Media & Investments Ltd is a constituent, has dropped around 8.74% in last one month and is currently quoting at 1937.6, up 2.33% on the day. The volume in the stock stood at 11.17 lakh shares today, compared to the daily average of 44.81 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending September 24.

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Network 18 Media & Investments Ltd dropped for a fifth straight session today. The stock is quoting at Rs 77.51, down 3.11% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.81% on the day, quoting at 24580.55. The Sensex is at 80602.32, down 0.68%.Network 18 Media & Investments Ltd has lost around 7.02% in last one month.Meanwhile, Nifty Media index of which Network 18 Media & Investments Ltd is a constituent, has eased around 6.35% in last one month and is currently quoting at 1984.35, down 1.93% on the day. The volume in the stock stood at 18.37 lakh shares today, compared to the daily average of 47.34 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending September 24.

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Network 18 Media & Investments Ltd rose 3.48% today to trade at Rs 81.78. The BSE Teck index is up 0.54% to quote at 20049.6. The index is down 0.47 % over last one month. Among the other constituents of the index, PVR Inox Ltd increased 2.35% and TV18 Broadcast Ltd added 2.16% on the day. The BSE Teck index went up 38.24 % over last one year compared to the 24.22% surge in benchmark SENSEX.

Network 18 Media & Investments Ltd has lost 7.79% over last one month compared to 0.47% fall in BSE Teck index and 0.84% drop in the SENSEX. On the BSE, 10016 shares were traded in the counter so far compared with average daily volumes of 1.95 lakh shares in the past one month. The stock hit a record high of Rs 136.2 on 19 Jan 2024. The stock hit a 52-week low of Rs 65.68 on 26 Oct 2023.

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Revenue from operations declined 2.16% to Rs 1,825.18 crore in Q2 FY25 as against Rs 1,865.50 crore posted in Q2 FY24.

Network18 Media & Investments reported a pre-tax loss of Rs 147.81 crore in Q2 FY25 as against pre-tax loss of Rs 117.71 crore reported in the same period a year ago.

Total expenses stood at Rs 2,243.13 in the September quarter, up 1.64% YoY. Marketing, distribution and promotional expense stood at Rs 502.19 crore (up 34.89% YoY) while finance cost surged 156.96% to Rs 170.01 crore during the period under review.

The company reported negative EBITDA of Rs 179 crore in Q2 FY25 as compared with negative EBITDA of Rs 218 crore recorded in Q2 FY24.

The News portfolio revenue grew 6% primarily driven by growth in Digital segment ad revenue across all paltforms. TV advertising was soft during the quarter as industry advertising volumes for the news genre declined by around 20% YoY. News’ share in overall advertising inventory consumption also declined by over 200 bps YoY and QoQ.

Network18’s digital portfolio continued to be ranked second with around 240 million monthly unique visitors

The News18.com delivered a strong increase in engagement with a 40% YoY growth in (page views) PVs during the quarter. The platform continued to expand its reach with editorial and product initiatives, which also resulted in a 16% YoY increase in UVs.

In entertainment segment, operating revenue for the quarter was down 5%, primarily due to the drop in movie segment revenue. In Q2FY24, Viacom18 Studios had released 2 big-ticket movies whereas there were no movies released this quarter, which had an impact of Rs 330 crore on the revenue. This was largely offset by growth in subscription revenue aided by new pricing as well as the increased monetisation of sports portfolio.

Growth in ad revenue was primarily driven by digital, across both sports and non-sports segments. JioCinema’s recently launched SVOD plans witnessed strong traction and helped it become the fastest-growing subscription-based OTT platform in the country. EBITDA for the quarter improved marginally on a YoY basis, though continued to be impacted by Viacom18’s investments in Sports and Digital segments.

Adil Zainulbhai, chairman of Network18, said, “We are happy to have completed the merger of our news businesses. With a strong portfolio of TV channels and digital platforms, covering the breadth of the country and catering to its linguistic diversity, we are ideally positioned to become the most preferred news network of India. We are committed to push boundaries of innovation and lead the growth of the industry as we build on this strong foundation.”

Network18 Media & Investments (Network18 Group) is a diversified media and entertainment (M&E) conglomerates, with interests across television, digital content, filmed entertainment, e-commerce, print and allied businesses. TV18 Broadcast, a subsidiary of Network18, manages its primary business of broadcasting. It runs the largest news network in India, spanning business news general news, and regional news.

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