NEXTMEDIA
Next Mediaworks financials
- Market cap
- ₹26 Cr
What Next Mediaworks Limited does
Next MediaWorks Limited (NMW) is part of the HT Media Group, having become a group subsidiary following HT Media's 2019 acquisition. Through most of FY2024-25 it was the holding company of Next Radio Limited (NRL), which operated the 'Radio One' private FM radio network — India's only dedicated international-music FM station, offering international hits, contemporary chartbusters and retro formats. In February 2025, HT Media's conversion of a shareholder loan into NRL equity diluted NMW's stake in NRL from 51.40% to 13.53%, so NRL ceased to be NMW's subsidiary; as of 31 March 2025, NMW has no subsidiary, associate or joint venture.
Segments
- FM Radio Broadcasting (via erstwhile subsidiary Next Radio Limited, 'Radio One' brand)
- FM stations operated (via NRL, until Feb 2025)
- 7 cities — Delhi, Mumbai, Chennai, Kolkata, Bengaluru, Pune, Ahmedabad
- Broadcast frequency
- 94.3 MHz (6 cities); 95.0 MHz (Ahmedabad)
- Stake retained in Next Radio Limited post-divestment
- 13.53%
- Subsidiaries/associates/JVs as of 31 Mar 2025
- 0 (NRL ceased to be a subsidiary 7 Feb 2025)
Quarterly results
Q4 FY25: revenue down 72.7%, net profit up 635.7% against the same quarter last year.
| Line item | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 8 | 11 | 11 | 9 +0% | 8 +0% | 10 −9% | 3 −73% |
| EBITDA | -1 | -1 | 0 | -1 | -1 +0% | -1 +0% | 0 | 0 +100% |
| Net profit | -7 | -12 | -6 | -14 | -7 +0% | -8 +33% | -6 +0% | 75 +636% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −38.4% 1Y
1Y: ₹6.33 on 10 Sept 2025 → ₹3.9. High ₹7.09 (29 Oct 2025), low ₹3.51 (30 Mar 2026).
Financials, as filed
Revenue fell 8.7% a year over 2 years, FY23 to FY25. Operating margin narrowed to -6.7%.
| Year ending | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | ₹36 Cr | ₹39 Cr | ₹30 Cr |
| Operating profit | ₹-1 Cr | ₹-3 Cr | ₹-2 Cr |
| Operating margin | -2.8% | -7.7% | -6.7% |
| Interest | ₹19 Cr | ₹20 Cr | ₹21 Cr |
| Depreciation | ₹8 Cr | ₹8 Cr | ₹7 Cr |
| Net profit | ₹-24 Cr | ₹-39 Cr | ₹54 Cr |
| Net margin | -66.7% | -100.0% | 180.0% |
| Cash from operations | ₹-1 Cr | ₹2 Cr | ₹-1 Cr |
| Free cash flow | ₹-3 Cr | ₹2 Cr | ₹-1 Cr |
| ROCE | -8.0% | -8.0% | -12.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Equity capital | ₹67 Cr | ₹67 Cr | ₹67 Cr | ₹67 Cr | ₹67 Cr | ₹67 Cr |
| Reserves | ₹-80 Cr | ₹-102 Cr | ₹-118 Cr | ₹-133 Cr | ₹-155 Cr | ₹-92 Cr |
| Borrowings | ₹112 Cr | ₹136 Cr | ₹158 Cr | ₹188 Cr | ₹213 Cr | ₹34 Cr |
| Other liabilities | ₹19 Cr | ₹1 Cr | ₹-6 Cr | ₹-30 Cr | ₹-46 Cr | ₹0 Cr |
| Total liabilities | ₹117 Cr | ₹102 Cr | ₹101 Cr | ₹92 Cr | ₹79 Cr | ₹10 Cr |
| Fixed assets | ₹88 Cr | ₹79 Cr | ₹70 Cr | ₹63 Cr | ₹43 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹1 Cr | ₹0 Cr | ₹5 Cr | ₹0 Cr | ₹2 Cr | ₹8 Cr |
| Other assets | ₹29 Cr | ₹23 Cr | ₹26 Cr | ₹29 Cr | ₹33 Cr | ₹2 Cr |
| Total assets | ₹117 Cr | ₹102 Cr | ₹101 Cr | ₹92 Cr | ₹79 Cr | ₹10 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025.
- Promoters
- 75.0%
- FIIs
- 2.5%
- Public
- 22.6%
Since Jun 2025
- Public −0.02 pp
- Promoters 0.00 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 2.5%, Public 22.6%.Dec '23: Promoters 75.0%, FIIs 2.5%, Public 22.6%.Mar '24: Promoters 75.0%, FIIs 2.5%, Public 22.6%.Jun '24: Promoters 75.0%, FIIs 2.5%, Public 22.6%.Sep '24: Promoters 75.0%, FIIs 2.5%, Public 22.6%.Dec '24: Promoters 75.0%, FIIs 2.5%, Public 22.6%.Mar '25: Promoters 75.0%, FIIs 2.5%, Public 22.6%.Jun '25: Promoters 75.0%, FIIs 2.5%, Public 22.6%.Sep '25: Promoters 75.0%, FIIs 2.5%, Public 22.6%.Dec '25: Promoters 75.0%, FIIs 2.5%, Public 22.6%.Mar '26: Promoters 75.0%, FIIs 2.5%, Public 22.6%.Jun '26: Promoters 75.0%, FIIs 2.5%, Public 22.6%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Next Mediaworks Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ht Media Limited | 51.00% | unchanged |
| Tehzeeb Ansari Grossman | 7.63% | unchanged |
| Meridian Holding Leasing Private Limited | 5.64% | unchanged |
| Sharique Khalid Ansari | 4.19% | unchanged |
| Tarique Khalid Ansari | 4.19% | unchanged |
| Bennett, Coleman And Company Limited | 4.14% | −0.50 pp |
| Ferari Investments And Trading Co. Private Limited | 2.33% | unchanged |
| Acacia Partners, Lp FPI fund | 1.36% | unchanged |
| Altaf Yusuf Wahedna | 1.07% | unchanged |
| Rukya Khalid Ansari | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Next Mediaworks Limited
Guides on how to read this kind of business and the numbers that matter.