Next Mediaworks posts FY26 net loss of ₹528 lakh
Next Mediaworks Limited announced its audited financial results for the quarter and year ended March 31, 2026, reporting a net loss of ₹528 lakh for the full year compared to a net profit of ₹394 lakh in the previous year. Total income dropped to ₹20 lakh from ₹56 lakh, driven solely by other income as revenue from operations remained nil. The statutory auditors issued an unmodified opinion but emphasized that the company is no longer a going concern due to significant accumulated losses and fully eroded net worth, citing finance costs on inter-corporate borrowing from Next Radio Limited.
*this image is generated using AI for illustrative purposes only.
Next Mediaworks Limited announced its audited financial results for the quarter and financial year ended March 31, 2026, following a board meeting held on May 22, 2026. The company reported a total income of ₹20 lakh for the financial year, consisting solely of other income, compared to ₹56 lakh in the previous year. Revenue from operations was nil for the year ended March 31, 2026, as well as for the corresponding quarter.
The company recorded a net loss of ₹528 lakh for the full year, a sharp reversal from the net profit of ₹394 lakh recorded in the financial year ended March 31, 2025. For the quarter ended March 31, 2026, the net loss stood at ₹193 lakh. Total expenses for the year decreased to ₹476 lakh from ₹544 lakh in the prior year, primarily driven by lower employee benefit expenses and other expenses, though finance costs increased to ₹452 lakh from ₹436 lakh.
Financial Performance
The statement of audited financial results highlights the company's financial position for the year. Key metrics indicate a continued lack of operational revenue and mounting losses.
| Particulars | Year Ended March 31, 2026 (₹ in Lacs) | Year Ended March 31, 2025 (₹ in Lacs) |
|---|---|---|
| Total Income | 20 | 56 |
| Total Expenses | 476 | 544 |
| Loss before exceptional items and tax | (456) | (488) |
| Exceptional item (loss)/gain | (72) | 882 |
| Net Profit/(Loss) for the period | (528) | 394 |
| Earnings Per Share (Basic and Diluted) | (0.79) | 0.59 |
Auditor's Report and Going Concern
The statutory auditors, S.R. Batliboi & Associates LLP, issued an unmodified opinion on the financial results. However, the report includes an emphasis of matter paragraph drawing attention to Note 5 of the financial results. The auditors noted that management has assessed the company is no longer a going concern due to significant accumulated losses and fully eroded net worth.
The financial statements have been prepared on this basis. The company cited finance costs on inter-corporate borrowing from Next Radio Limited as a primary reason for its financial state. Additionally, the company does not have any business operations, operating cash flows, or definitive business plans. An impairment of GST Input Tax Credit of ₹72 lakh was recognized as an exceptional loss due to the going concern issues.
Balance Sheet and Cash Flows
The balance sheet as of March 31, 2026, shows total assets at ₹366 lakh, a decrease from ₹968 lakh in the previous year. Total equity stood at a negative ₹3,536 lakh, indicating a deficit. Total borrowings amounted to ₹3,892 lakh as of March 31, 2026.
Cash flow analysis reveals that the company used ₹9 lakh in net cash from operating activities during the year. Cash and cash equivalents at the end of the year were ₹1 lakh, down from ₹9 lakh at the beginning of the year.
Historical Stock Returns for Next Mediaworks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -1.48% | -9.09% | -34.64% | -42.28% | -30.43% |
What restructuring or revival plans, if any, is Next Mediaworks' board considering to address the fully eroded net worth and negative equity of ₹3,536 lakh?
How might the going concern assessment impact Next Mediaworks' ability to renegotiate or refinance its ₹3,892 lakh in borrowings from Next Radio Limited?
Could Next Mediaworks face delisting proceedings or regulatory action from stock exchanges given its prolonged absence of operational revenue and formal going concern declaration?
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