Trending stocks: Network 18 Media shares down over 3%

NEW DELHI: Shares of Network 18 Media & Investments traded 3.31 per cent down in Friday 's trade at 11:53AM (IST).
Around 1166462 shares changed hands on the counter. The stock opened at Rs 24.85 and touched an intraday high and low of Rs 24.85 and Rs 23.05 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 46.7 and a 52-week low of Rs 14.7 .


Media firm Network18 Media & Investments reported a consolidated net profit of Rs 60.19 crore for the fourth quarter ended March 2020.The company had posted a net loss of Rs 75.57 crore for the January-March period of the previous fiscal, Network18 Media said in a regulatory filing.


Financials
Network 18 Media & Investments Ltd., incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 2528.38 Crore) operating in Media & Entertainment sector.

For the quarter ended 31-03-2020, the company reported a Consolidated sales of Rs 1464.51 Crore, down -.62 % from last quarter Sales of Rs 1473.70 Crore and up 18.98 % from last year same quarter Sales of Rs 1230.93 Crore. The Company reported net profit after tax of Rs 94.95 Crore in latest quarter.

Network 18 Media & Investments Ltd. key Products/Revenue Segments include Income From Advertisement which contributed Rs 107.56 Crore to Sales Value (96.39 % of Total Sales), Sale of Products which contributed Rs 3.11 Crore to Sales Value (2.78 % of Total Sales), Media Entertainment which contributed Rs .91 Crore to Sales Value (0.81 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 75.0 per cent stake in the company as of quarter ended 31st Mar 2020 .

Valuation ratio
It quoted a price-to-earnings ratio of -10.38 and price to book value of 0.75 .