Network 18 Media Reports Mixed Q3 FY24-25 Results Amid Sales Decline and Rising Costs

Network 18 Media & Investments has released its financial results for the third quarter of FY24-25, highlighting a complex landscape. The company reported net sales of Rs 1,360.50 crore, which reflects a notable decline compared to the same period last year, marking the lowest sales figure in the past five quarters. This downturn in sales is further exacerbated by a significant rise in interest expenses, which have increased substantially over the last nine months, suggesting heightened borrowing costs.
On a more positive note, certain aspects of the financial results indicate some resilience. The operating profit (PBDIT) reached Rs -21.51 crore, representing the highest level in the last five quarters, while the operating profit margin showed an improvement. Additionally, both profit before tax (PBT) and profit after tax (PAT) figures were recorded at Rs -56.37 crore and Rs -9.72 crore, respectively, marking the best outcomes in the last five quarters.

Conversely, the company's earnings per share (EPS) declined to Rs -9.38, the lowest in the same timeframe, signaling ongoing challenges in profitability. Overall, Network 18 Media's financial results present a blend of positive developments alongside significant hurdles.

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