Shares of Network18 Media & Investments fell by 3% on Monday after the company reported a widening of its consolidated net loss for the second quarter of FY25. The media conglomerate, owned by Reliance Industries, posted a net loss of Rs 152.31 crore for the quarter ended September 30, an increase from the Rs 119.18 crore net loss recorded during the same period last year.
The company’s consolidated revenue from operations dipped by 2.2%, bringing the total revenue to Rs 1,825 crore. Despite reducing some losses, Network18’s entertainment segment continued to weigh down the overall performance. The investments in sports and digital assets were cited as major factors contributing to the net loss increase.
The mixed results have left investors with uncertainty, which is reflected in the stock’s decline. As of Monday morning, Network18’s shares were trading 3% lower, with market participants likely to keep a close watch on further developments within the company.
As of 9:43 am the shares of Network18 Media & Investments were trading 2.64% lower at ₹79.21 on NSE.
