Network 18 Media & Investments reports net loss of Rs 67 crore in Q2

Network 18 Media & Investments has reported results for second quarter ended September 30, 2016.

The company has reported net loss of Rs 36.31 crore for the quarter under review as compared to net loss of Rs 35.09 crore for the same quarter in the previous year. Total income of the company has reported around a 3 fold jump at Rs 19.50 crore for Q2FY17 as compared Rs 7.30 crore for the corresponding quarter previous year. 

On the consolidated basis, the company has reported net loss after tax, minority interest and share of profit of joint ventures and associates at Rs 66.53 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 39.17 crore for the same quarter in the previous year. Total Income of the company has increased by 6.56 % to Rs 381.22 crore for quarter under review from Rs 357.75 crore for the quarter ended September 30, 2015.