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Network 18 Media & Investments Ltd.

BSE: 532798 Sector: Media
NSE: NETWORK18 ISIN Code: INE870H01013
BSE 00:00 | 20 May 80.65 5.00
(6.61%)
OPEN

78.40

HIGH

82.40

LOW

76.60

NSE 00:00 | 20 May 80.75 5.10
(6.74%)
OPEN

77.70

HIGH

82.40

LOW

76.60

OPEN 78.40
PREVIOUS CLOSE 75.65
VOLUME 182466
52-Week high 117.40
52-Week low 39.40
P/E
Mkt Cap.(Rs cr) 8,444
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 78.40
CLOSE 75.65
VOLUME 182466
52-Week high 117.40
52-Week low 39.40
P/E
Mkt Cap.(Rs cr) 8,444
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Network 18 Media & Investments Ltd. (NETWORK18) - Chairman Speech

Company chairman speech

The Network18 Group has viewed the crisis as an opportunity to rethink business modelsand is emerging stronger and ready for the post-Covid-19 world.

Dear Shareholders

The last year has been a story of conviction continuity and standout performance forNetwork18 all in the face of adversity which humanity has never witnessed at such ascale in the past. The Covid-19 pandemic created an extremely difficult operatingenvironment with logistical constraints and business that ebbed and flowed but thebiggest challenge was the virus attacking our teams and families. It is in such times thatthe true DNA of an organisation shows up and our stakeholders across the board have keptthe flag flying high. Our operating teams have risen to the occasion by perseveringthrough tough times innovating to get business back on the rails and ensuring that ourconsumer connect keeps growing unfettered. Our group devised and implementedpandemic-appropriate work measures and arranged for healthcare and vaccinations for allemployees and their families; creating an environment that fostered hope and positivityamidst the gloom. The management strategically pruned costs to reset the business in thenew normal and our shareholders persevered with us all through offering words ofguidance and support. The net result has been that business returned to its growthtrajectory by Q4 and FY 2020-21 was the most profitable year in the history of the groupwith all business lines delivering highest-ever operating margins reduced leverage and amuch healthier bottomline.

During the year our 56 domestic TV channels continued to inform and entertain theIndian masses as Television grew in stature as the primary mode for home-bound people toremain connected to the world outside. News operations continued unabated even during thepeaks of the pandemic as a vital service for >95% of TV-viewing households that areour consumers. In Entertainment we were the last amongst peers to stop originalprogramming telecasts forced by the pandemic-led lockdown shuttering content production.We were also the first to restart Hindi GEC original content broadcasts underscoring ourresponsibility towards paying consumers.

Digital got a major fillip during the lockdown as both News & Entertainmentplatforms witnessed increased engagement. Ad-led models in both genres broke even asthe Digital medium became the preferred choice for many advertisers during the pandemic.The new growth engines of Digital subscriptions took centre stage as Moneycontrol Pro andVoot Select grew in stature early in their lifecycle. MC Pro is among the top 20 news payplatforms globally. Voot Select was the fastest to 1 mn Direct-to-Consumer payingsubscribers amongst peers; despite the limitations on the quantum of original content dueto the lockdown. The Network18 Group has viewed the crisis as an opportunity to rethinkbusiness models and is emerging stronger and ready for the post-Covid-19 world. Wecontinue to push the envelope in content creation expand partnerships and distributionand deploy innovative and efficient solutions in operations amidst the ever-changingground realities. We hope to marry our hard-fought gains in profitability withindustry-leading growth in a more conducive business environment as we go forward. Ourplans to invest in digital growth and our resolve to excel in television remain constantamidst a dynamic business environment.

Adil Zainulbhai
Chairman

.