Network18 Media Q1 outcomes: Agency posts internet revenue at Rs 121 cr

New Delhi: Media agency Network18 Media & Investments Ltd on Tuesday reported a consolidated internet revenue of Rs 121.51 crore for the primary quarter ended June 2021. The corporate had posted a internet lack of Rs 60.60 crore for the April-June interval of the earlier fiscal, Network18 Media stated in a regulatory submitting.

Consolidated income from operations rose 50.47 per cent to Rs 1,214.43 crore, as towards Rs 807.07 crore within the corresponding quarter a yr in the past.

“Working margin at … 15.5 per cent, highest ever in first quarter; regardless of second wave affect,” the corporate stated.

Complete bills have been at Rs 1,080.79 crore, up 23.99 per cent from Rs 871.65 crore earlier.

Commenting on the outcomes, Network18 Chairman Adil Zainulbhai stated, “Led by the various learnings from the previous yr and a duty to serve the Indian viewers, we have now been capable of proceed our companies relentlessly and profitably.”

Shares of Network18 Media & Investments Ltd on Tuesday settled at Rs 50.15 on BSE, down 2.53 per cent.

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