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Network 18 Media & Investments Dec 23 Revenue Decline by 4.2% to Rs.1774 Crore and ends quarter in loss at Rs.-108 Crore. Quarter to Quarter Revenue Slides by 4.9%

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Network 18 - Dec'23 Result Analysis
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Revenue Analysis:

Network 18 Media & Investments, has reported a revenue of Rs. 1774 Crore, which has dwindle by 4.9% as compared to previous quarter revenue of Rs. 1866 Crore. As compared to revenue of December-22, there is a diminish by -4.1% from Rs. 1850 Crore. to Rs. 1774 Crore.



Profit and Cost Analysis

Quarterly Loss has flies by 1323.0% to Rs.-108 Crore from Rs. 9 Crore, when compared with year ago quarter results. In comparison with preceding quarter of June, 2023 , quarter profit has increases by 3.0% to Rs.-108 Crore from Rs. -111 Crore. Net Profit % of the Company has remained at -6.1% compared to -6.0% in previous quarter and 0.5% in year ago quarter.


On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has increases to -9.7% from -11.7% as compared with Sep, 2023 quarter. The reason for the grown of EBITDA Margin is due to:


a) Cost of Sales has lessen to 62.2% (Previous Quarter: 66.4%). Cost of Sales in absolute terms has diminish from Rs. 1238 Crore to 1104 Crore.

b) Employee Cost has increases to 19.1% (Previous Quarter: 18.5%). Employee Cost in exact value has dwindle from Rs. 346 Crore to 339 Crore.

c) Other Expenses has surge to 28.4% (Previous Quarter: 26.8%). Other Expenses nearly remain flat from Rs. 500 Crore to 503 Crore.

The finance cost has increases from Rs. 66.16 Crore to 73.86 Crore by 11.6%.


Share Price Movement:

The Return on Share Prices were 34.5% in past one month, 53.5% in 3 months, 102.4% in 6 months, 87.6% in 12 months, 31.3% in 24 months.


Summary:

To summarize, as compared to Sep'23, Revenue has slides by 4.9%. EBITDA Margin has increases to -9.7% from -11.7%. and Net Profit After Tax Margin has increases to -6.1% from -6.0%.


The Brief of Quarterly Results is as follows (Rs in Crores):

Particular

Dec 2023

Sep 2023

Jun 2023

Mar 2023

Dec 2022







Revenue

1774

1866

3239

1484

1850

Cost of Goods Sold

1104

0

0

0

0

Employee Cost

339

346

319

307

307

Other Expenses

503

1738

3004

1119

1542

EBITDA

-172

-218

-84

57

2

Depreciation

43

57

41

36

34

Interest Expense

74

66

68

79

56

Other Income

187

224

221

35

84

Profit B4 Excep. Items

-102

-118

27

-23

-5

Exception Items

0

0

0

0

0

Net Profit Before Tax

-102

-118

27

-23

-5

Taxes

6

-7

-2

12

-13

Net Profit After Tax

-108

-111

29

-35

9



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