Network 18 Media & Investments LtdQ2FY17
Consolidated Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||-16.2||n.a|
|Net Profit (adjusted)||-67||[71.8]|
Network 18 Media & Investments posted weak results due to higher distribution & advertising expenses offsetting the revenue growth in Media segment. However, company retained its market share in the News and regional channel space.
Network 18’s revenues grew by 3.3% YoY to Rs 379 cr driven by 6% YoY growth in media segment.
The consolidated EBITDA loss was Rs. 79 cr largely driven by operating loss in Media segment which reported loss of Rs. 59cr vs profit of Rs.9cr in the corresponding quarter last year. However, taking into account the proportionate profit of JV and associates, the company reported flat segment profit of Rs. 10.7 cr.
The consolidated net losses stood at Rs. 67 cr against net loss of Rs. 39 cr during corresponding quarter last year.
Network 18 Media & Investments Ltd ended at Rs. 44.95, down by 0.5 points or 1.1% from its previous closing of Rs. 45.45 on the BSE.
The scrip opened at Rs. 46.05 and touched a high and low of Rs. 46.8 and Rs. 44.05 respectively. A total of 968434(NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.
BSE 35.35 [0.95] ([2.62]%)
NSE 35.20 [1.05] ([2.90]%)
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