Network18 Media & Investments (NSE:NETWORK18, BOM:532798) widened its loss sharply in the fiscal third quarter ended Dec. 31, 2024, to 14.3 billion Indian rupees against a loss of 588.2 million rupees a year ago.
Loss per share grew to 9.38 rupees compared with a loss per share of 0.39 rupees a year earlier, according to a Tuesday filing to the stock exchanges by the media company.
Revenue from operations in fiscal Q3 declined to 13.6 billion rupees from 17.7 billion rupees a year earlier.
Shares of the company gained 1% in morning trade Wednesday.
Price (INR): ₹62.22, Change: ₹+0.78, Percent Change: +1.27%
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