Q4FY17 Results: Network 18 Media and Investments
Nidhi Jani / 19 Apr 2017
The company reported net loss of Rs 33.31 crore, which represents a sequential QoQ decline of 58.96 per cent and a YoY increase of 33.35 per cent.
Network 18 Media & Investments Ltd. reported its results for the quarter ended March, 2017, today. The consolidated numbers were largely subdued for the quarter.
The total sales for Q4FY17 were Rs 387.67 crore, which represents a 3.99 per cent sequential increase and 18.08 per cent YoY decline.
The company's operating loss (EBIT) for the quarter amounted to Rs 3.27 crore.
The company reported net loss of Rs 33.31 crore, which represents a sequential QoQ decline of 58.96 per cent and a YoY increase of 33.35 per cent.
The company's stock opened for trading at Rs. 40.30 on the BSE and touched intra-day high and low of Rs 41.90 and Rs 39.50, respectively.
Network 18 Media and Investments Limited is an India-based company engaged in events management, sports management and advisory services. It has interests in television, print, Internet, filmed entertainment, mobile content and allied businesses.
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