Reliance Industries Limited is an Indian multinational business with its headquarters in Mumbai, Maharashtra. Dhirubhai Ambani created it in 1958, and his son, Mukesh Ambani, leads it now. Its businesses include petrochemicals, refining, oil and gas exploration, retail, telecommunications, and media.
The corporation is one of India’s greatest conglomerates, with a vast network of subsidiaries, joint ventures, and affiliate companies.
Its subsidiaries include Reliance Retail, Reliance Jio Infocomm, and Reliance Petroleum. RIL is well-known for its emphasis on technology and innovation, and its telecom and internet operations have played a leading role in India’s digital revolution.
Here are the reliance media stocks that announced Q3 Results.
Network 18 Media & Investments Ltd
Despite a 1300 percent and 4 percent decline in net profit and revenue, respectively, in Q3FY24 on YoY, this media and entertainment broadcaster’s shares hit a 10 percent upper circuit of Rs 130.24.
With a market capitalization of Rs 13,635.46 crore, the shares closed at 130.24 per share, increased around 7.78 percent as compared to the previous closing price of Rs 118.40 apiece
Looking into the company’s Performance, Network 18 Media & Investments Ltd’s revenue decreased by 5 percent on a quarter-on-quarter basis from Rs. 1,866 crores in Q2FY24 to Rs 1,774 crores in Q3 FY24. Further, revenue decreased by 4 percent year on year from Rs.1,850 crores in Q3FY23 to Rs.1,774 crores in Q3FY24.
Network 18 Media & Investments Ltd’s net loss decreased by 2 percent on a quarter-on-quarter basis from Rs. 111 crores in Q2FY24 to Rs.108 crores in Q3FY24. Further, net profit decreased by 1300 percent year on year from a profit of Rs.9 crores in Q3FY23 to a loss of Rs.108 crores in Q3FY24.
The company’s recent shareholding pattern, The Promoters of the Company own 75.00 percent while Retail shareholders own a 19.34 percent stake in the company and Foreign Institutional Investors own a 5.64 percent stake.
Network18 Group is a media and entertainment company that has interests in broadcasting, digital, film, e-commerce, magazines, mobile content, and related companies.
TV18 Broadcast Ltd
Despite a 247 percent and 5 percent decline in net profit and revenue, respectively, in Q3FY24 on YoY, this digital Content provider’s shares hit 52-week high of Rs 68.60.
With a market capitalization of Rs 11,208.49 crore, the shares closed at 65.38 per share, increased around 7.78 percent as compared to the previous closing price of Rs 60.66 apiece
Looking into the company’s Performance, TV18 Broadcast Ltd’s revenue decreased by 7 percent on a quarter-on-quarter basis from Rs. 1,794 crores in Q2FY24 to Rs 1,676 crores in Q3 FY24. Further, revenue decreased by 5 percent year on year from Rs.1,768 crores in Q3FY23 to Rs.1,676 crores in Q3FY24.
Network 18 Media & Investments Ltd’s net loss decreased by 13 percent on a quarter-on-quarter basis from Rs. 65 crores in Q2FY24 to Rs.56 crores in Q3FY24. Further, net profit decreased by 247 percent year on year from a profit of Rs.38 crores in Q3FY23 to a loss of Rs.56 crores in Q3FY24.
The company’s recent shareholding pattern, The Promoters of the Company own 60.40 percent while Retail shareholders own a 27.94 percent stake in the company and Foreign Institutional Investors own an 8.55 percent stake.
TV18 Broadcast Limited is an Indian media firm. The Company’s primary activity is the transmission of general and business news television channels. It also focuses on digital content and related enterprises.
Written by:- Abhishek Singh
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