Network18 stock in focus as company posts increase in net loss to Rs 152.31 crore

Network18 has reported a 2.2% drop in consolidated revenue for Q2, bringing it to ₹1,825 crore.

While the company reduced its overall losses, the entertainment segment continued to weigh on performance. Investors are expected to react to these mixed signals as the stock could see some movement following these results.

Network18 Media & Investments reported on Saturday that its consolidated net loss increased to Rs 152.31 crore for the second quarter ended September 30, primarily due to investments in sports and digital assets. This marks a rise from the Rs 119.18 crore net loss recorded during the same period last year, as stated in a regulatory filing by the company, which is a key player in the media industry and owned by Reliance Industries.

Despite the widening loss, Network18’s consolidated revenue from operations saw a 1.6 percent increase, reaching Rs 1,825.18 crore for the September quarter, compared to Rs 1,865.50 crore in the same quarter last year.

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