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

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

by 5paisa Research Team Last Updated: Apr 18, 2023 - 04:23 pm 829 Views
Listen icon

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. 

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

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.
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
52-Week High Stocks: Bharti Airtel, Mahindra & Mahindra, and More; Do You Own Any?

Bharti Airtel has been in the spotlight after announcing a definitive agreement with Axiata Group's Dialog to merge its operations in Sri Lanka.  This has led to Airtel’s stock to surge to a fresh 52-week high, reaching a price of ₹1280.0.

Dynacons Systems & Solutions Share Price Soars 83% in 15 Sessions, Surges 340% in a Year

Dynacons Systems & Solutions, an Indian-based IT company, experienced a substantial surge in its share value with shares rising 83.50% in 15 trading sessions and 340% in one year, driven by heightened investor sentiment follow

8 FPIs Settle Alleged Adani Stock Violations with SEBI

More than half a dozen foreign portfolio investors (FPIs) that owned substantial stakes in Adani Group firms are looking to settle securities violation matters with markets regulator SEBI, said people familiar with the matter.