Network18 Media & Investments LimitedQ2 FY27 Results & Financial Update
Network18 Media & Investments Limited: Q2 FY27 consolidated results and company financials – revenue ₹544.67 Cr, PAT ₹52.96 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Network18 Media & Investments Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Network18 Media & Investments Limited reported consolidated total income of INR 559.49 crore for the quarter ended September 30, 2026, compared to INR 520.39 crore in the preceding quarter ended June 30, 2026.
Consolidated revenue from operations stood at INR 544.67 crore for Q2 FY27, reflecting an increase from INR 516.26 crore recorded in the previous quarter.
The company posted a consolidated profit after tax (PAT) of INR 52.96 crore for the quarter, compared to INR -38.36 crore in the sequential quarter, marking a return to profitability.
Profit before tax (PBT) remained negative at INR -54.11 crore during the quarter, showing a narrowing of losses compared to INR -76.10 crore in Q1 FY27.
Other income for the quarter increased significantly to INR 14.82 crore from INR 4.13 crore in the preceding quarter, providing crucial support to the bottom-line performance.
Finance costs remained steady at INR 56.66 crore compared to INR 56.68 crore in the previous quarter, while depreciation and amortisation expenses were recorded at INR 30.96 crore.
01 · Business model
What does Network18 Media & Investments do?
Network18 Media & Investments Limited is a prominent media and entertainment conglomerate in India, operating across television broadcasting, digital news portals, and entertainment content distribution.
The company generates its primary revenues through advertising sales on its television networks and digital platforms, subscription fees from cable and direct-to-home (DTH) operators, and digital content monetization.
Its expansive portfolio reaches millions of households and digital consumers through news brands and entertainment channels spanning multiple Indian languages.
The operating model relies heavily on sustained viewer engagement, advertising yields tied to viewership ratings, and efficient content production and distribution scale across broadcast and digital channels.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹544.67 Cr | ₹516.26 Cr |
| Total income | ₹559.49 Cr | ₹520.39 Cr |
| Profit before tax | ₹-54.11 Cr | ₹-76.10 Cr |
| Profit after tax | ₹52.96 Cr | ₹-38.36 Cr |
| EPS | ₹0.34 | ₹-0.25 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 9.7% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to -9.9% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹14.82 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations rose to INR 544.67 crore in Q2 FY27 from INR 516.26 crore in Q1 FY27, representing a sequential top-line expansion of approximately 5.50%.
Total income reached INR 559.49 crore during the quarter, supported by higher operational inflows and increased other income compared to INR 520.39 crore in the previous quarter.
Other income surged to INR 14.82 crore in Q2 FY27 from INR 4.13 crore in Q1 FY27, marking an increase of over 258% sequentially.
What drove margins
Finance expenses remained virtually unchanged at INR 56.66 crore during the quarter compared to INR 56.68 crore in Q1 FY27.
Depreciation and amortisation charges stood at INR 30.96 crore for Q2 FY27, showing minimal change from INR 31.05 crore in the preceding quarter.
04 · Reported developments
What changed operationally
The company recorded a consolidated profit after tax of INR 52.96 crore in Q2 FY27, successfully rebounding from a net loss of INR -38.36 crore in Q1 FY27.
Loss before tax narrowed to INR -54.11 crore during the quarter compared to INR -76.10 crore in the preceding quarter.
05 · Pressure points & risks
What is not going smoothly
Despite positive net profit after tax, the company continued to incur a pre-tax loss of INR 54.11 crore during the quarter.
06 · Items worth noticing
The line items that can distort a quick read
Tax expenses for the quarter were recorded at a minimal INR 0.12 crore, identical to the zero tax reported in Q1 FY27.
Provisions for the quarter stood at INR 19.97 crore.
07 · Previous-quarter changes
What changed since the previous quarter
Operational revenue grew by 5.50% from INR 516.26 crore in Q1 FY27 to INR 544.67 crore in Q2 FY27.
PAT shifted from a negative INR -38.36 crore in Q1 FY27 to a positive INR 52.96 crore in Q2 FY27.
08 · Key Q&A
The quarter, answered directly
What does Network18 Media & Investments do?
Network18 Media & Investments Limited is a prominent media and entertainment conglomerate in India, operating across television broadcasting, digital news portals, and entertainment content distribution.
What is the clearest takeaway from Q2 FY27?
Network18 Media & Investments Limited reported consolidated total income of INR 559.49 crore for the quarter ended September 30, 2026, compared to INR 520.39 crore in the preceding quarter ended June 30, 2026.
What drove revenue or demand?
Revenue from operations rose to INR 544.67 crore in Q2 FY27 from INR 516.26 crore in Q1 FY27, representing a sequential top-line expansion of approximately 5.50%.
What mattered most for margins or profitability?
Finance expenses remained virtually unchanged at INR 56.66 crore during the quarter compared to INR 56.68 crore in Q1 FY27.
What are the main pressure points disclosed for the quarter?
Despite positive net profit after tax, the company continued to incur a pre-tax loss of INR 54.11 crore during the quarter.
What should the next disclosure help confirm?
Monitor future quarters to observe whether the positive net profit reported in Q2 FY27 translates into sustained pre-tax profitability.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
10 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Sustained Operational Profitability: Monitor future quarters to observe whether the positive net profit reported in Q2 FY27 translates into sustained pre-tax profitability.
- 02
Top-Line Trajectory: Track the continuation of revenue growth across digital and broadcast segments in subsequent reporting periods.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.