NETWORK18 MEDIA & INVESTMENTS LTD. - 532798 - Announcement under Regulation 30 (LODR)-Credit Rating
This is to inform you that CARE Ratings Limited (CARE), the Credit Rating Agency, has reaffirmed the credit rating of "CARE AAA; Stable/CARE A1+ (Triple A; Outlook: Stable/ A One Plus)" to the Company''s Long-term/Short-term Bank Facilities of Rs.1,000 crore (enhanced from Rs. 750 crore). NETWORK18 MEDIA & INVESTMENTS LTD. - 532798 - Compliance Under Regulation 23(9) Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations')
In terms of Regulation 23(9) of the Listing Regulations, please find enclosed the disclosure of Related Party Transactions for the half year ended March 31, 2022. Please note that such details of related party transactions will also be available on the Company''s website www.nw18.com. Q4FY22 Quarterly Result Announced for Network 18 Media & Investments Ltd.
Network 18 Media & Investments announced Q4FY22 results: Network18 reported its highest ever full-year consolidated EBITDA at Rs. 1,080cr; Q422 EBITDA was at Rs. 266cr FY22 consolidated margin at 18.4% (+145bpsYoY), 4 years of continuous improvement News business (TV and Digital) delivered a sharp improvement in annual profitability; Entertainment business maintained strong margins despite a step-up in investments. 25% increase in FY22 revenues driven by a strong growth in advertising; subscription revenue was flattish as NTO 2.0 implementation remained mired in legal challenges 3 dedicated sports TV channels launched in Apr’22 Viacom18 announced a partnership with Reliance and Bodhi Tree Systems in Apr’22 to accelerate its growth journey FY22: Consolidated margins rose to 18.4%, highest ever, despite intermittent COVID impact Highest ever operating profit at Rs. 1,080 cr (+36% YoY), driven by robust financial performance of all three verticals - TV News, Entertainment and Digital News TV News margins expanded by ~500bps to ~21% with strong revenue growth and continued cost controls providing operating leverage Entertainment business maintained margins at strong 18%+, despite a substantial 26% YoY increase in operating costs Digital News saw a sharp turnaround in profitability driven by growth in ad revenues Rs. 838 cr PAT, up 53% YoY, despite impact of Rs. 140 cr higher tax provision Q4FY22: 15% growth in operating revenue driven by movies business and ad revenue growth TV News revenue grew 10% YoY and margin was at 21.4% Entertainment business revenue grew 11% YoY and margin was at 16% Digital News revenue grew 32% YoY and margin was at 8% Mr. Adil Zainulbhai, Chairman of Network18, said: “FY22 was a remarkable year, not only from the perspective of numbers, but in terms of building a strong foundation on which the business can continue to grow for the foreseeable future. The financial performance has vindicated our decision of investing in new businesses a few years ago which have started showing encouraging positive results. In a similar vein, we have set ourselves an ambitious target to become a leading player in the digital space while strengthening our core TV offering. We will continue to solidify our ‘Digital First, TV Always’ proposition, leveraging our existing strengths to grow in segments where we are present and breaking ground in new markets with new and innovative offerings. The strategic partnership we have struck for Viacom18 is a big step in this direction which will help set the Company on a long-term growth trajectory and create one of India’s leading content company.” Result PDF
Network18 fourth-quarter net profit up 58% YoY at Rs 61 cr; TV18's down 13%
Network18 Media & Investments on Tuesday reported 58.1 per cent year-on-year surge in its consolidated net profit to over Rs 61 crore during Q4FY22. NETWORK18 MEDIA & INVESTMENTS LTD. - 532798 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Investors' Update - Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2022 NETWORK18 MEDIA & INVESTMENTS LTD. - 532798 - Standalone And Consolidated Financial Results For The Quarter And Year Ended March 31, 2022
We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. May 3, 2022, has inter-alia approved the Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2022. Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the following: a. Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2022; b. Auditor's Reports on the aforesaid Financial Results. The Statutory Auditors of the Company have carried out limited review for the quarter ended March 31, 2022 and Audit for year ended March 31, 2022 of the aforesaid results and have issued an unmodified conclusion / opinion respectively. The Meeting of the Board of Directors commenced at 1:50 p.m. and concluded at 2:30 p.m. The said Results will also be available on the Company's website www.nw18.com. NETWORK18 MEDIA & INVESTMENTS LTD. - 532798 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompayNETWORK18 MEDIA & INVESTMENTS LTD. 2CINL65910MH1996PLC280969 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 0.00 4Highest Credit Rating during the previous FY NA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: Ratnesh Rukhariyar Designation: Group Company Secretary EmailId: [email protected] Name of the Chief Financial Officer: Ramesh Kumar Damani Designation: Group Chief Financial Officer EmailId: [email protected] Date: 28/04/2022 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets. NETWORK18 MEDIA & INVESTMENTS LTD. - 532798 - Certificate Pursuant To Regulation 40(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Year Ended March 31, 2022
Please find enclosed herewith a Certificate from the Practicing Company Secretary in terms of Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the year ended March 31, 2022. NETWORK18 MEDIA & INVESTMENTS LTD. - 532798 - Board Meeting Intimation for Approval Of Audited Financial Results For The Quarter And Year Ended March 31, 2022
NETWORK18 MEDIA & INVESTMENTS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/05/2022 ,inter alia, to consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2022. Pursuant to the 'Company's Code to Regulate, Monitor and Report Trading by Designated Persons and Specified Connected Persons of the Company and Material Subsidiaries of the Company,' the Trading Window Close Period which had commenced on April 1, 2022 will end 48 hours after the results are made public on May 3, 2022.