Network18 Media & Investments (NETWORK18) Q2 25/26 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2025.

• Statutory auditors conducted a limited review and found no material misstatements.

Financial highlights

• Standalone revenue from operations for Q2 FY26 was ₹477.18 crore, down from ₹512.13 crore YoY.

• Standalone net loss for Q2 FY26 was ₹70.12 crore, compared to a net loss of ₹74.45 crore YoY.

• Consolidated revenue from operations for Q2 FY26 was ₹500.84 crore, up from ₹478.01 crore YoY.

• Consolidated net profit for Q2 FY26 was ₹41.25 crore, compared to a net loss of ₹152.31 crore YoY.

• Exceptional income of ₹587.01 crore (standalone) and ₹150.64 crore (consolidated) from fair valuation of ETPL investment in Q1 FY26.

Outlook and guidance

• Board approved acquisition of IBN Lokmat News Private Limited, which will become a wholly owned subsidiary post-completion.