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Category :
Corporate
Headline :
Network18 Media & In posts Q4 net loss of Rs 68.37 cr
Date:
18/04/2024 19:50
The company reported standalone net loss during the quarter stood at Rs 68.37 crore as compared to net loss of Rs 58.61 crore in the previous year quarter.
Net revenue of the company rose substantially by 28.73 per cent at Rs 68.55 crore in January-March quarter of this fiscal as against Rs 53.25 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 23.87 per cent to Rs 89.20 crore from Rs 72.01 crore in year ago period.
Other Income dipped by 32.24 per cent at Rs 1.03 crore versus (Mar'23 Rs 1.52 crore).
Operating Profit surged by 10.07 per cent to Rs -20.65 crore as against Rs -18.76 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 14.50 per cent in March quarter.
Interest grew by 19.25 per cent y-o-y to Rs 48.08 crore
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