Скачать или смотреть Reliance Group Network 18 stock skyrockets 13% after announcing Q1 results

Reliance Group stock skyrockets 13% after announcing Q1 results

 

Synopsis:
Network18 reported Rs. 467.8 crore in Q1 FY26 revenue, with profitability rebounding to Rs. 149 crore. It became India’s top digital news network, while TV news viewership share improved year-on-year.

 

During Wednesday’s trading session, shares of one of India’s most diversified media and entertainment conglomerates, and a part of the Reliance Group, surged nearly 13 percent on BSE after announcing financial results for Q1 FY26.

 

With a market cap of Rs. 9,585 crores, at 11:57 a.m., shares of Network18 Media & Investments Limited were trading in the green at Rs. 62.16 on BSE, up by nearly 11%.

 

What’s the News

According to the latest regulatory filings on the stock exchanges, Network18 Media & Investments Limited announced the financial results for Q1 FY26 on Tuesday after market hours.

 

Network18’s investment in Eenadu Television Private Limited (ETPL) was revalued at fair market value. The Rs. 150.64 crore gain, reflecting the excess of fair value over carrying value, has been reported as an exceptional item in the results.

 

Network18 Media & Investments Limited, the largest omni-channel news network in India and a part of Reliance Industries Limited (RIL), is engaged in activities spanning across television, print, Internet, digital content, filmed entertainment, e-commerce, mobile content, magazines, and allied businesses.

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