Next Mediaworks Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2025.
NEXTMEDIA · price
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On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 2.6 pts less than its Media & Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Next Mediaworks Limited's board approved audited consolidated financial results for Q4 and FY25. Revenue from operations fell to INR 291 lakhs in Q4 FY25 (from INR 1,076 lakhs in Q4 FY24) and to INR 3,033 lakhs for the full year (from INR 3,837 lakhs, a ~21% decline). The company reported a profit after tax of INR 5,385 lakhs for FY25 versus a loss of INR 3,872 lakhs in FY24, but this swing to profit is entirely driven by a one-time exceptional gain of INR 7,879 lakhs from the deconsolidation of Next Radio Limited, which ceased to be a subsidiary on February 7, 2025 after HT Media Limited converted its loan into equity. Excluding this exceptional item, the company remains loss-making. Net worth is eroded and current liabilities exceed current assets as on March 31, 2025, though the auditor (S.R. Batliboi & Associates LLP) issued an unmodified opinion.
Shareholders should note that the headline profit is non-operational and stems from a one-time accounting gain; the core radio broadcast business continues to shrink and incur losses. While the auditor has not flagged going concern issues (a letter of support from the holding company covers funding needs), the eroded net worth and weak core business remain key risks for the stock.