Next Mediaworks Reports ₹117 Lacs Loss in Q1, Continues to Face Financial Challenges
Next Mediaworks Limited, a listed Indian media company, reported a net loss of ₹117.00 lacs for the quarter ended June 30. Total income was ₹12.00 lacs, while expenses reached ₹117.00 lacs. The company's financial position remains precarious with eroded net worth and current liabilities exceeding current assets. However, there's a slight improvement from the ₹131.00 lacs loss in the same quarter last year. The holding company has provided a letter of support for financial assistance. Next Mediaworks has no external borrowings from banks or financial institutions. Auditors S.R. Batliboi & Associates LLP issued an unmodified review conclusion.