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Media & Investments LimitedMain BoardEquity2025-04-012026-03-312026-04-182026-04-13INRCroresQuarterlyFourth quarterSingle segmentMedia Operations2026-04-1812:00:002026-04-1812:50:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2025-04-18https://www.nw18.com/reports/reports/policies/RPT_Policy_NW18-.pdffalsefalseNot Applicable2026-01-012026-03-31UnauditedStandalone5470700000-11000005469600000000187880000053750000029170000033692000006077200000-607600000-117500000-7251000000000-7251000000000-725100000194200000-53090000077100000005-0.47-0.4700-0.47-0.470.0063-0.0021-0.0021NOTES TO THE STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2026 <BR> <BR> 1. The Audit Committee has reviewed the above results and the Board of Directors has approved the above results and it’s release at their respective meetings held on 18th April, 2026. The Statutory Auditors of the Company have issued audit report with unmodified opinion on the above results. <BR> <BR> b. Formulae for computation of ratios are as follows - <BR> <BR> i Debt Service Coverage Ratio = Earnings before Interest, Tax and Exceptional items <BR> __________________________________________ <BR> Interest Expense + Principal Repayments made <BR> during the period for long term loans <BR> <BR> ii Interest Service Coverage Ratio = Earnings before Interest, Tax and Exceptional items <BR> __________________________________________ <BR> Interest Expense <BR> <BR> iii Debt Equity Ratio = Total Debt (Non-Current Borrowings + Current <BR> Borrowings) <BR> _________________________________________ <BR> Total Equity <BR> <BR> iv Current Ratio = Current Assets <BR> _____________ <BR> Current Liabilities <BR> <BR> v Long Term Debt to Working Capital = Non-Current Borrowings (includng Current maturities <BR> of Non-Current Borrowings) <BR> ___________________________________________ <BR> Current Assets Less Current Liabilities <BR> (excluding Current maturities of <BR> Non-Current Borrowings) <BR> <BR> vi Bad Debts to Account Receivable Ratio = Bad Debts <BR> _________ <BR> Average Trade Receivables <BR> <BR> vii Current Liability Ratio = Current Liabilities <BR> ________________ <BR> Total Liabilities <BR> <BR> viii Total Debt to Total Assets = Total Debt (Non-Current Borrowings + <BR> Current Borrowings) <BR> __________________________________ <BR> Total Assets <BR> <BR> ix Debtors Turnover = Revenue from Operations <BR> _____________________ <BR> Average Trade Receivables <BR> <BR> x Inventory Turnover = Cost of Materials Consumed <BR> _______________________ <BR> Average Inventories of Goods <BR> <BR> xi Operating Margin Percent = EBITDA Less Other Income <BR> ______________________ <BR> Revenue from Operations <BR> ( EBITDA represents Profit/ (Loss) before Exceptional <BR> Items, Finance Cost, Tax, Depreciation and <BR> Amortisation Expenses) <BR> <BR> xii Net Profit Margin Percent = Profit/ (Loss) after Tax and before Exceptional Items <BR> ___________________________________________ <BR> Total Income <BR> <BR> c. The Company operates in a single reportable operating segment 'Media Operations'. Hence there are no separate reportable segments as per Ind AS 108 'Operating Segments'. <BR> <BR> d. The figures of the quarter ended 31st March, 2026 are the balancing figures between the audited figures in respect of the full financial year and the published year-to-date figures up to the third quarter of the financial year ended 31st March, 2026. <BR> <BR> e. Eenadu Television Private Limited (“ETPL”) ceased to be an associate of the Company w.e.f. 7th July 2025 pursuant to assignment of the voting rights on the 24.5% equity holding in ETPL to the promoter of ETPL. The Company continues to hold the economic interest in these 24.5% equity shares. Accordingly, investment in ETPL has been fair valued and income of Rs. 587.01 crore being excess of fair value of holding in ETPL over carrying value has been disclosed as an exceptional item in the results for the quarter ended 30th June 2025. <BR> <BR> f. The Company acquired equity shares, preference shares and debentures of News18 Marathi Private Limited (formerly IBN Lokmat News Private Limited) ("News18 Marathi") held by Lokmat Media Private Limited, Joint Venture Partner, for aggregate consideration of Rs. 25 crores on 29th October 2025. Post acquisition, News18 Marathi has become a wholly owned subsidiary of the Company. The Company has recorded impairment of Rs. 32.25 crore being excess of carrying value over fair value of the investment in News18 Marathi held by the Company and such loss has been disclosed as an exceptional item in the results for the quarter ended 31st December 2025. <BR> <BR> g. The Board of Directors of the Company at its meeting held on 25th March, 2026, approved a scheme of amalgamation, providing for amalgamation of News18 Marathi Private Limited (formerly known as IBN Lokmat News Private Limited) (“News18 Marathi”), a wholly owned subsidiary of the Company, with the Company ("Scheme") with the appointed date as 1st April, 2026. The Scheme is subject to necessary statutory and regulatory approvals. <BR> <BR> h. The Government of India has implemented four new Labour Codes ("Codes"), including the Code on Wages, 2019, with effect from 21st November 2025. The Company has carried out actuarial valuation for the quarter and year ended 31st March 2026 considering uniform definition of "wages" as per the Codes on Wages and recorded additional obligation of Rs. 11.75 crore and Rs. 31.30 crore which has been disclosed as an exceptional item in the results for the quarter and year ended 31st March 2026 respectively. <BR> <BR> i. The figures for the corresponding previous periods have been regrouped, wherever necessary, to make them comparable. <BR> <BR> Further, the following line items which form part of financial results for the Standalone financial results for the quarter and year ended 31st March 2026 are reproduced below, as there are no rows designated for the same in the XBRL format: <BR> <BR> Quarter Ended Year Ended <BR> (Unaudited) (Audited) <BR> 31st Mar 26 31st Mar 26 <BR> <BR> i. Earnings per Equity Share (Face Value of Rs. 5 each) * <BR> <BR> Basic and Diluted (in Rs.) - Before Exceptional Items (0.39) (1.67) <BR> Basic and Diluted (in Rs.) - After Exceptional Items (0.47) 1.72 <BR> <BR> ii Net Worth (including Retained Earnings)(Rs. in Crore) 5,428.58 5,428.58 <BR> iii Debt Service Coverage Ratio # (0.21) (0.35) <BR> iv Interest Service Coverage Ratio # (0.21) (0.35) <BR> v Debt Equity Ratio 0.63 0.63 <BR> vi Current Ratio 0.23 0.23 <BR> vii Long Term Debt to Working Capital - - <BR> viii Bad Debts to Account Receivable Ratio * - - <BR> ix Current Liability Ratio 0.93 0.93 <BR> x Total Debt to Total Assets 0.35 0.35 <BR> xi Debtors Turnover * 0.80 2.99 <BR> xii Inventory Turnover * - - <BR> xiii Operating Margin Percent # 4.07% 2.33% <BR> xiv Net Profit Margin Percent # (11.11%) (13.02%) <BR> * Not Annualised for the interim periods <BR> # Excluding Exceptional Items <BR> 2025-04-012026-03-31AuditedStandalone19550700000231300000197820000000007659500000204590000012168000001143510000022357300000-2575300000523460000026593000000000265930000000002659300000407200000306650000077100000005418765000001.721.72001.721.720.0063-0.0035-0.0035Operational Costs1337700000Marketing, Distribution and Promotional Expense1389600000Other Expenses641900000Operational Costs4270600000Marketing, Distribution and Promotional Expense4758900000Other Expenses240560000045997000000011683400000432500000370000000611690000000385000000522600000620766000000230850000081104400000006794500000338600000140000018190000088700000740510000001066200000847130000000895757000007710000000418765000004958650000049586500000000015329000001532900000111500000000264790000031128400000327900000341510000037430000003626000003523400000018952000002121000000037341300000003998920000089575700000Footnote <BR> <BR> 1. Other Current Financial Liabilities - Unclaimed Matured Deposits and Interest Accrued thereon <BR> a. Rs. 0.04 crore is held in abeyance due to pending legal case. <BR> <BR> 2. Other Current Liabilities - Others <BR> a. Includes employee related payables. <BR> Security Deposits204300000Interest Accrued but not due on Loan318300000Advance Income Tax (net of Provision)2302400000Prepaid Expenses6100000Security Deposits74000000Others14700000Prepaid Expenses490400000Balance with Government Authorities563300000Others12500000Lease Liabilities1532900000Lease Liabilities204000000Interest Accrued but not due on Borrowings21200000Creditors for Capital Expenditure130300000Others7100000Unearned Revenue834600000Statutory Dues414100000Advances from Customers192400000Others45410000020459000000-563200000000000-97100000000121680000000000-75000003400000442000000161000000-41000000-51778000000-2618500000408000000002804000000-23960000010000025000000013571800000130179000000000266000004697000000000000000000150400000700000003400000190000004600000-2789000000000000032546000000180400000020370000000-198400000838800000320300000032030000018300000338600000Items that will not be reclassified to Profit or Loss194200000194200000Items 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Significant InfluencePurchase of goods or services100000000Approved100000004000000060000000AETN18 Media Private Limited******A&E Television Networks, LLC******Company Exercising Significant InfluenceAny other transactionAssets purchased120000000Approved2000000000AETN18 Media Private Limited******IndiaCast Media Distribution Private Limited******Fellow SubsidiaryPurchase of goods or services0Not Applicable0100000000AETN18 Media Private Limited******Jio Platforms Limited******Fellow SubsidiarySale of goods or services0Not Applicable000AETN18 Media Private Limited******Jio Platforms Limited******Fellow SubsidiaryPurchase of goods or services0Not Applicable000AETN18 Media Private Limited******News18 Marathi Private Limited (Formerly IBN Lokmat News Private Limited) #******Fellow SubsidiarySale of goods or services1000000Approved000AETN18 Media Private Limited******Reliance Jio Infocomm Limited******Fellow SubsidiaryPurchase of goods or services0Not Applicable000Colosceum Media Private Limited******JioStar India Private Limited (Formerly Star India Private Limited)******Fellow SubsidiarySale of goods or services1000000000Approved200000000010000000Colosceum Media Private Limited******Metro Cash and Carry India Limited******Fellow SubsidiaryPurchase of goods or services0Not Applicable000Moneycontrol Dot Com India Limited******Jio Platforms Limited******Fellow SubsidiaryPurchase of goods or services50000000Approved1000000000News18 Marathi Private Limited (Formerly IBN Lokmat News Private Limited) #******AETN18 Media Private Limited******Fellow SubsidiarySale of goods or services2000000Approved000# Company name has been changed from IBN Lokmat News Private Limited to News18 Marathi Private Limited with effect from March 12,2026.News18 Marathi Private Limited (Formerly IBN Lokmat News Private Limited) #******IndiaCast Media Distribution Private Limited******Fellow SubsidiaryPurchase of goods or services0Not Applicable000# Company name has been changed from IBN Lokmat News Private Limited to News18 Marathi Private Limited with effect from March 12,2026.News18 Marathi Private Limited (Formerly IBN Lokmat News Private Limited) #******Jio Platforms Limited******Fellow SubsidiaryPurchase of goods or services0Not Applicable000# Company name has been changed from IBN Lokmat News Private Limited to News18 Marathi Private Limited with effect from March 12,2026.News18 Marathi Private Limited (Formerly IBN Lokmat News Private Limited) #******JioStar India Private Limited (Formerly Star India Private Limited)******Fellow SubsidiarySale of goods or services0Not Applicable000# Company name has been changed from IBN Lokmat News Private Limited to News18 Marathi Private Limited with effect from March 12,2026.News18 Marathi Private Limited (Formerly IBN Lokmat News Private Limited) #******Reliance Industries Limited******Ultimate Controlling EntityPurchase of goods or services0Not Applicable1000000000# Company name has been changed from IBN Lokmat News Private Limited to News18 Marathi Private Limited with effect from March 12,2026.News18 Marathi Private Limited (Formerly IBN Lokmat News Private Limited) #******Reliance Jio Infocomm Limited******Fellow SubsidiaryPurchase of goods or services0Not Applicable000General Notes : 1. Amount of Sale of goods or services pertains to Revenue from Operations. 2. Amount of Purchase of goods or services pertains to Expenditure for services received. 3. IBN Lokmat News Private Limited was Joint Venture as per Indian Accounting Standards upto 28th October 2025. 4. The value of the related party transaction approved by the audit committee represents the value approved by audit committee of the Company or the subsidiary, as the case may be. The value of the related party transaction approved by the audit committee is shown as '0' for transactions by subsidiary(ies) which are not required to constitute audit committee or for transaction(s) of subsidiaries with parties which are not related party of concerned subsidiary. 5. #Company name has been changed from IBN Lokmat News Private Limited to News18 Marathi Private Limited with effect from March 12,2026. 6. The value of transaction represents the value of transaction with related party from the date the party became related party. 7.Amounts between Rs. 50,00,000 and Rs. 99,99,999 have been rounded up and shown as Rs. 1 crore and amounts less than Rs. 50,00,000 have been rounded down and shown as Rs. 0 crore. 8.Shri Mukesh D Ambani and his family comprising Smt. Nita M Ambani, Ms. Isha M Ambani, Shri Akash M Ambani and Shri Anant M Ambani together and collectively control both Reliance Industries Limited and Jio Financial Services Limited.6370000000AuditedtrueM/s Deloitte Haskins & Sells LLPtrue2027-07-31