New Delhi: Network18 Media and Investments Ltd, which has business interests in television, movies and online retailing, reported a loss of 4.1 crore for the quarter ended 31 March because of higher tax payments.

The company posted a profit of 50 lakh for the same period a year ago.

Revenue for the fourth quarter rose 8.7% to 738.3 crore from 679.5 crore.

For the fiscal, Network18 significantly narrowed its loss to 36.8 crore from 105.5 crore primarily because of lower interest costs.

Operating profit for the company stood at 87.2 crore for the fiscal year compared to a operating loss of 39.3 crore in the previous year.

Network18’s total revenue for FY2014 increased by 12% to 2,692.4 crore.

Revenue from its subsidiary TV18 Broadcast Ltd, which operates news channels CNN-IBN and CNBC TV18 rose 15.8% to 1,968.1 crore for fiscal 2014.

For the March quarter, TV18 Broadcast’s net profit more than doubled to 35.9 crore from 17.3 crore helped by increase in advertising revenue and subscription revenue.

“Net subscription revenue is the bedrock of my thesis; that is showing a positive trend quarter-on-quarter which is a good thing. The growth has been stronger than expected," said an analyst who tracks TV18 Broadcast and asked not be named as he is not authorized to speak to reporters.

Viacom18, an equal joint venture between Viacom and the Network 18 Group, is another strong revenue stream for the company. Revenue from Viacom18 stood at 1,982 crore for the year ended 31 March.

For the fourth quarter, the company posted a net profit of 22.4 crore, driven by advertising revenue and subscription income.

Viacom18 Motion Pictures released four Hindi films, Queen, Bhaag Milkha Bhaag, Madras Café and Bombay Talkies in the last fiscal year.

“All our businesses have delivered strong operating performances and contributed positively to achieve a new milestone in operating profits this year, despite the continued uncertainty in the macro-economic environment," said Raghav Bahl, managing director of Network18.

For the full year, revenue from digital initiatives, including the company’s websites and online retailer HomeShop18, grew by 32% to 530.8 crore this year.

The operating loss of its digital business narrowed in the financial year to 80.6 crore from 125.4 crore in the previous year.

The company launched FirstBiz, a business news channel under its news website Firstpost.com, and News18.com, a web, mobile and tablet service that focuses on local news at the state and city level in the March quarter.

“All our broadcast operations continued to show improvement in margins. Our general news operations have turned around this year, due to a strong focus on operational efficiency. Our broadcast entertainment business at Viacom18 grew profitably. Our digital businesses displayed encouraging revenue growth," said B. Saikumar, group chief executive, Network18.

The general entertainment TV channel Colors held the second spot in its genre in 2013-14 with an 18% market share and was the leader during weekends with an average market share of 21.7%.

Colors led the non-fiction genre, with reality show Khatron ke Khiladi debuting at the second position for non-fiction shows in its launch week, while stand-up comedy show Comedy Nights with Kapil continued to be at the top spot.

Other successful shows in this financial year were reality shows like Jhalak Dikhlaja, Big Boss and India’s Got Talent, as well as 24, a show based on an American series by the same name and starring Anil Kapoor.

Close