Next Mediaworks Swings to Annual Profit Despite Sharp Revenue Decline
The radio broadcaster reported a sharp quarterly revenue drop but a large profit swing, resulting in its first annual profit in years.
Next Mediaworks posted a dramatic 73% fall in Q4 revenue, yet swung to a significant quarterly profit. The full-year result marks a return to profitability after consecutive annual losses.
Next Mediaworks, the operator of Radio One, delivered a starkly mixed set of results for the quarter and full year ended March 2025. While quarterly revenue collapsed by 73% year-on-year, the company managed to swing to a substantial quarterly profit, a reversal from losses in the same period last year. This quarterly performance capped off a fiscal year where the company returned to annual profitability for the first time in recent memory, despite a 21% decline in full-year revenue.
The quarterly numbers reveal a dramatic divergence between the top and bottom lines. Revenue for Q4 FY25 fell to ₹2.91 crore, down sharply from ₹10.76 crore in Q4 FY24 and ₹9.64 crore in the preceding quarter. In stark contrast, the company reported a profit of ₹75.28 crore for the quarter, a significant swing from a loss of ₹14.48 crore a year ago. The full-year picture shows a similar pattern: annual revenue fell to ₹30.33 crore from ₹38.37 crore, but profit swung to ₹63.6 crore from a loss of ₹22.18 crore in FY24.
Quarterly Performance (₹ crore)
Revenue
Profit
| Metric | CurrentQ4 FY25 | PreviousQ3 FY25 | Same quarter LYQ4 FY24 |
|---|---|---|---|
| Revenue | 2.91YoY -73% | 9.64 | 10.76 |
| Profit | 75.28YoY +620% | -6.32 | -14.48 |
Key Points
- The company's net worth remains negative at -₹35.36 crore.
- The stock trades at a significant discount to the industry, with a P/E of 0.7 versus the sector average of 26.5.
- Despite recent volatility, the stock has delivered an 11% CAGR over the past three years.
This return to annual profitability, driven by an exceptional fourth quarter, marks a pivotal shift for Next Mediaworks after years of losses. The company now faces the challenge of stabilizing its core revenue streams while sustaining this newfound profitability.
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· NEXTMEDIA
(BSE)
ISIN: INE747B01016
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