This media and entertainment company announced its Q4 results; do you hold it?

5paisa Research Team 18th April 2023 - 04:23 pm

The company’s consolidated operating revenue increased by 6%.

About the result

Network18 Media and Investments Limited today announced its results for the quarter Q4FY23. The company has reported consolidated revenue growth of 6% YOY to Rs 6223 crore in FY23 from Rs 5880 crore in FY22. Though the company has not performed well in Q4FY23 with a decline in consolidated revenue growth of 8% to Rs 1484 crore from Rs 1621 in Q4FY22.

Viacom18's JioCinema app has become part of its portfolio, providing access to Rs. 15,145 cr cash to create a compelling content offering for consumers. IPL got a record-breaking 1.47 bn video views on JioCinema on the opening weekend, surpassing last year's total.

Share price moment

Network18 Media & Investments is currently trading at Rs 55.33, down by 2.05 points or 3.57% from its previous closing of Rs 57.38 on the BSE.

The scrip opened at Rs 54.38 and has touched a high and low of Rs 56.53 and Rs 53.96 respectively. So far 1,03,124 shares were traded on the counter.

The BSE group 'A' stock of face value of Rs 5 has touched a 52-week high of Rs 117.40 and a 52-week low of Rs 48.35. The current market cap of the company is Rs 5,792.77 crore.

The promoters holding in the company stood at 75%, while Foreign Institutions and Domestic Institutions held 5.56% and 0.58% respectively.

Company profile

Network18 Media and Investments Ltd are one of the largest media conglomerates with diversified but synergistic interests in Television with its bouquet of fifty channels in India and thirteen international channels, besides filmed entertainment, digital content, magazines, digital commerce and allied businesses. Network18 is promoted by Independent Media Trust of which Reliance Industries is the sole beneficiary.

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5paisa Research Team

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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