India's Network18 Media rises on quarterly profit

Network18 Media & Investments

16/07/2025 06:53

** Shares of Network18 Media & Investments Ltd NEFI.NS gain as much as 13.1% to 63 rupees

** Media co reported Q1 consol net profit of 1.48 bln rupees ($17.3 mln) vs loss of 1.25 bln rupees Y/Y; reports profit after 12 quarters of losses

** Co says rev. for quarter declined Y/Y basis as the base quarter had healthy contribution of election-linked advertising, but up 9% q/q

** Stock has gained 1.6% so far this week; on track to snap two straight weeks of losses

** More than 116.8 mln shares traded as of 11:15 a.m. IST, 11.7x their 30-day moving average

** NEFI last up 11.5%, cutting YTD losses to 22.1%

($1 = 85.8090 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))