Next Mediaworks Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Awaiting price reaction for this filing.
Next Mediaworks filed its Q1 FY26 results showing revenue from operations of just INR 12 lakhs, down sharply from INR 56 lakhs in the same quarter last year — a roughly 79% year-on-year decline. The company posted a net loss of INR 117 lakhs for the quarter, slightly narrower than the INR 131 lakh loss in Q1 FY25. EBITDA loss narrowed to INR 7 lakhs from INR but on 28 lakhs, a much smaller revenue base, the EBITDA margin worsened. Note 5 in the results explicitly flags that the company's net worth is eroded and current liabilities exceed current assets, though the holding company has issued a letter of financial support and the company carries no bank debt. An exceptional gain of about INR 882 lakhs in FY25 (not in the current quarter) had boosted prior full-year profits. The review report mentions the prior-year comparable was reviewed by a predecessor auditor, indicating an auditor change has occurred.
For retail investors, the business is shrinking fast and remains loss-making at the operating level, with an eroded net worth — a clear red flag. The holding company's support letter and absence of bank borrowings reduce near-term solvency risk, but the underlying business is not generating meaningful revenue. The stock is likely to be viewed negatively unless a turnaround or strategic action is announced.