Network 18 Media falls as its consolidated net loss widens to Rs 152 crore in Q2FY24
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Network 18 Media & Investments is currently trading at Rs. 78.94, down by 2.50 points or 3.07% from its previous closing of Rs. 81.44 on the BSE.
The scrip opened at Rs. 81.44 and has touched a high and low of Rs. 81.50 and Rs. 78.57 respectively. So far 191670 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 136.20 on 19-Jan-2024 and a 52 week low of Rs. 65.68 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 82.00 and Rs. 72.42 respectively. The current market cap of the company is Rs. 8263.56 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 3.56% and 21.44% respectively.
Network 18 Media & Investments has reported net loss of Rs 74.45 crore for the quarter ended September 30, 2024 as against net loss of Rs 82.52 crore for the same quarter in the previous year. However, total income of the company increased by 4.79% at Rs 447.62 crore for Q2FY25 as compared to Rs 427.14 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net loss of Rs 152.31 crore for Q2FY25 as against net loss of Rs 119.18 crore for the same quarter in the previous year. However, total income of the company increased marginally by 0.35% at Rs 2,059.35 crore for Q2FY25 as compared to Rs 2,052.23 crore for the corresponding quarter previous year.
