Six results came in today, with Network 18 and TV18 Broadcast getting the most significant coverage in the news.
Network 18 (which is in 12 stock screeners, including the low durability score screener) reported losses in both net profit YoY change and EBIDT, with operating profit margins declining significantly, falling over 74%. The company however, said that the previous quarters weren't comparable due to changes in business structure - Viacom18 Media Pvt Ltd and IndiaCast Media Distribution Pvt Ltd freshly became subsidies of the company with effect from March 2018, and TV18 Home Shopping Network Ltd and NW18 HSN Holdings Pic ceased to be subsidiaries from February 2018.
TV18 also fell sharply on high volumes after the company reported a double digit decline in operating profit margins - despite revenue and net profit growth, margins fell by over 15% YoY, resulting in missed estimates for the firm.