Network18 Media & Investments (NETWORK18) Q3 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024, were approved by the Board on January 14, 2025.

• Both sets of results were reviewed by the Audit Committee and subject to a limited review by statutory auditors.

Financial highlights

• Standalone revenue from operations for Q3 FY25 was ₹483.96 crore, up from ₹447.62 crore in Q2 FY25, but down from ₹471.43 crore in Q3 FY24.

• Standalone net profit for Q3 FY25 was ₹3,431.94 crore, driven by an exceptional gain of ₹3,498.21 crore from business combinations; excluding this, the company posted a loss.

• Consolidated revenue from operations for Q3 FY25 was ₹1,442.55 crore, compared to ₹1,825.18 crore in Q2 FY25 and ₹1,930.38 crore in Q3 FY24.

• Consolidated net loss for Q3 FY25 was ₹1,399.91 crore, mainly due to an exceptional loss of ₹1,425.73 crore from derecognition of subsidiaries.

Outlook and guidance

• Figures for previous periods are not comparable due to significant business combinations and derecognition of subsidiaries during the quarter.