Network 18 Media & Investments Reports Negative Financial Results for Q1 FY25

Network 18 Media & Investments, a midcap company in the TV broadcasting and software industry, recently announced its financial results for the quarter ending June 2024. The stock has been given a ‘Strong Sell’ call by MarketsMOJO.

According to the financials, the company has seen a very negative performance in the quarter, with a score of -20 compared to -12 in the previous quarter. However, there are some positive aspects to the financials as well.

One of the strengths of Network 18 Media is its cash and cash equivalents, which have been consistently high at Rs 4,832.77 crore in the last six half-yearly periods. This indicates an improvement in short-term liquidity for the company. Additionally, the debtors turnover ratio has also been at its highest in the last five half-yearly periods, showing that the company has been able to settle its debtors faster.

On the other hand, there are some areas that are not working in favor of Network 18 Media. The profit before tax (PBT) has fallen by -108.87% year on year, with a quarterly PBT of Rs -345.31 crore. This trend is expected to continue in the near term. Similarly, the profit after tax (PAT) has also seen a decline of -164.4% year on year, with a quarterly PAT of Rs -102.41 crore. The company’s interest costs have also increased by 31.81% quarter on quarter, indicating a rise in borrowings.

Furthermore, the earnings per share (EPS) for the quarter is at its lowest in the last five quarters, at Rs -0.99. This shows a decline in profitability and lower earnings for shareholders.

Overall, the financial results for the quarter ending June 2024 for Network 18 Media & Investments have been negative, with some areas of strength and weakness. Investors are advised to carefully consider these factors before making any investment decisions.