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Network 18 Media & I posts Q4 net loss of Rs 72.87 cr 15/04/2019 14:20

The company reported standalone net loss during the quarter stood at Rs 72.87 crore as compared to net loss of Rs 22.09 crore in the previous year quarter.

Net revenue of the company rose substantially by 51.78 per cent at Rs 31.92 crore in January-March quarter of this fiscal as against Rs 21.03 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 83.85 per cent to Rs 66.35 crore from Rs 36.09 crore in year ago period.

Other Income dipped by 128.87 per cent at Rs -4.44 crore versus (Mar'18 Rs 15.38 crore).

Operating Profit surged by 128.62 per cent to Rs -34.43 crore as against Rs -15.06 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 50.62 per cent in March quarter.

Interest grew by 55.86 per cent y-o-y to Rs 32.03 crore, while Taxation increased by 0.00 per cent at Rs 0.28 crore (Mar'18 Rs 0.00 crore).

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