Network18

The company has given a very long and detailed Press Release giving out a lot f data. But throughout, it does not mention the fact that it ended the first quarter, Q1FY17 with a consolidated net loss of Rs.50 crore v/s a net profit of Rs.43 crore in Q1FY16 and even sequentially, loss rose from Rs.18 crore. Income from operations fell 14% (YoY) at Rs.351 crore. Operating loss was at Rs.89 crore v/s loss of Rs.63 crore (YoY). Tax expense was significantly lower at Rs.80 lakh v/s Rs.5 crore.

It has two segments – media operations and film production and distribution. In Media operations, topline grew 5% but its loss at EBIT burgeoned from Rs.21 crore to Rs.73 crore. The other segment, film production and distribution did not do well – its topline slipped 62% and from an EBIT of Rs.1 crore it posted a loss of Rs.3 crore.