Next Mediaworks Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
NEXTMEDIA · price
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On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 1.4 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 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.