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Network18 Media & Investments Ltd Q2FY21 consolidated loss at Rs. 9.47 crore

Posted On: 2020-10-27 06:08:35 (Time Zone: Arizona, USA)


NETWORK18 MEDIA & INVESTMENTS LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1073.25 crores during the period ended September 30, 2020 as compared to Rs.815.90 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.(9.47) crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.(62.20) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.(0.09) for the period ended September 30, 2020 as compared to Rs.(0.60) for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 1073.25 crs₹ 815.90 crsUp Tick 31.54%
Net Profit₹ (9.47) crs₹ (62.20) crsDown Tick -84.77%
EPS₹ (0.09)₹ (0.60)Down Tick -85%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.1073.25 crores during the period ended September 30, 2020 as compared to Rs.1192.09 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.(9.47) crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.(58.97) crores for the period ended September 30, 2019.

The company has reported EPS of Rs.(0.09) for the period ended September 30, 2020 as compared to Rs.(0.57) for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 1073.25 crs₹ 1192.09 crsDown Tick -9.97%
Net Profit₹ (9.47) crs₹ (58.97) crsDown Tick -83.94%
EPS₹ (0.09)₹ (0.57)Down Tick -84.21%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1889.15 crores during the 6 months period ended September 30, 2020 as compared to Rs.2437.80 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.(71.67) crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.(200.25) crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.(0.69) for the 6 months period ended September 30, 2020 as compared to Rs.(1.93) for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 1889.15 crs₹ 2437.80 crsDown Tick -22.51%
Net Profit₹ (71.67) crs₹ (200.25) crsDown Tick -64.21%
EPS₹ (0.69)₹(1.93)Down Tick -64.25%

Mr. Adil Zainulbhai, Chairman of Network18, said: "The group businesses have recovered from the impact of the COVID-19 pandemic to a very large degree. This has been achieved through a multi-pronged approach of ensuring business continuity through rejigging processes, innovatively reviving alternative revenue streams, and focusing on aligning content distribution strategy with market opportunity. Our proactive measures on cost-control have resulted in much-improved profitability across all our lines of business even compared to the pre-pandemic situation, despite certain market segments still suffering from pressures due to the Coronavirus. We continue to invest into all our businesses and in particular Digital with an aim to make our flagship properties the most compelling value propositions for viewers. As we head into festive season, the underlying trends on both viewership and monetization are supportive, and we are emerging stronger than ever."

Shares of NETWORK18 MEDIA & INVESTMENTS LTD. was last trading in BSE at Rs.34.75 as compared to the previous close of Rs. 35.3. The total number of shares traded during the day was 72196 in over 522 trades.

The stock hit an intraday high of Rs. 35.5 and intraday low of 34.35. The net turnover during the day was Rs. 2512055.


Source: Equity Bulls

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