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Network18 Media & Investments Ltd Q1FY21 loss at Rs. 62 crore
Posted On : 2020-07-22 22:25:57( TIMEZONE : IST )
NETWORK18 MEDIA & INVESTMENTS LTD. has reported financial results for the period ended June 30, 2020.
Financial Results (Q1 FY 2020-21) - QoQ Comparison
The company has reported total income of Rs.816 crores during the period ended June 30, 2020 as compared to Rs.1463 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.(62.20) crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.(41.85) crores for the period ended March 31, 2020.
The company has reported EPS of Rs.(0.60) for the period ended June 30, 2020 as compared to Rs.(0.40) for the period ended March 31, 2020.
| Financials | Q1 FY2020-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 816 crs | ₹ 1463 crs |  -44.22% |
| Net Profit | ₹ (62.20) crs | ₹ (41.85) crs |  48.63% |
| EPS | ₹ (0.60) | ₹ (0.40) | 50% |
Financial Results (Q1 FY 2020-21) - YoY Comparison
The company has reported total income of Rs.816 crores during the period ended June 30, 2020 as compared to Rs.1246 crores during the period ended June 30, 2019.
The company has posted net profit / (loss) of Rs.(62.20) crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.(141.28) crores for the period ended June 30, 2019.
The company has reported EPS of Rs.(0.60) for the period ended June 30, 2020 as compared to Rs.(1.36) for the period ended June 30, 2019.
| Financials | Q1 FY2020-21 | Q1 FY2019-20 | % Change |
| Total Income | ₹ 816 crs | ₹ 1246 crs | -34.51% |
| Net Profit | ₹ (62.20) crs | ₹ (141.28) crs |  -55.97% |
| EPS | ₹ (0.60) | ₹ (1.36) | -55.88% |
Mr. Adil Zainulbhai, Chairman of Network18, said: "The quarter that went by was the most challenging period that the industry has witnessed in many decades. That we are emerging on the other side bears testimony to our ability to question and modify established ways of operating, realign priorities and maintain focus, all while keeping our workforce safe and our audiences engaged. Our staff and employees undertook a heroic effort to adjust to the challenges posed by the pandemic, and kept our channels and properties running. We are proud of the personnel that kept the show going amidst trying circumstances, especially for the News18 network that provided peerless coverage and relevant campaigns during the pandemic. As we resume original content production in Entertainment amidst tight protocols, we wish to thank our audiences who have stood by us over the years. Growing TV and Digital media consumption, a nimbler business strategy and further-strengthened core brands in our portfolio...we believe this is indeed the new normal."
Shares of NETWORK18 MEDIA & INVESTMENTS LTD. was last trading in BSE at Rs.45.4 as compared to the previous close of Rs. 47.7. The total number of shares traded during the day was 2354992 in over 9518 trades.
The stock hit an intraday high of Rs. 50.05 and intraday low of 45.35. The net turnover during the day was Rs. 114049422.
