Network 18 Media & Investments Q2FY18 consolidated net loss narrows to Rs.70.70 crore

India Infoline Research Team | October 12, 2017 10:05 IST

Network 18 Media & Investments Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 327 [13.7]
EBITDA [33.73] -
EBITDA Margin (%) - -
Net Loss (adjusted) 70.70 -
***EBITDA margin change is bps
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Reco. Price

46.6

Last updated on

09-Oct-2017


Network 18 Media & Investments’ consolidated revenue for the quarter came in at Rs. 327 crore, registering 13.7% yoy decline. This was primarily driven by sharp decline in revenue from film production & distribution by 445% yoy.

EBITDA loss for the quarter narrowed to Rs. 33.73 crore vs EBITDA loss of Rs. 71.91 crore in corresponding quarter last year. This was driven by decline in distribution, advertising & business promotion expenses by 43% yoy.

The net loss for the quarter narrowed to Rs. 70.70 crore vs net loss of Rs.90.5 crore in corresponding quarter last year.

CNBC TV18 maintained 1st rank in the English Business News genre with 55% market share in Q2FY18. Whereas, CNBC Awaaz continues to be dominant in the Hindi Business News genre with 67% market share.



Technical View:

Network 18 Media & Investments Ltd is currently trading at Rs. 48, up by 0.5 points or 1.05% from its previous closing of Rs. 47.50 on the BSE.
The scrip opened at Rs. 48.50 and has touched a high and low of Rs. 48.50 and Rs. 47.25 respectively. So far 1,51,184(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

BSE 51.50 0.15 (0.29%)
NSE 51.70 0.40 (0.78%)

***Note: This is a NSE Chart

 

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