Next Mediaworks Approves 2026 Financial Results, Reports on Going Concern Status
Next Mediaworks Limited announced that its Board of Directors held a meeting on May 22, 2026, and approved the Audited Financial Statements and the Audited Financial Results for the quarter and the full financial year ended March 31, 2026.The Company's financial results were audited by S.R. Batliboi & Associates LLP, Chartered Accountants. The audit report included an Emphasis of Matter concerning the company's ability to continue as a going concern. The report noted that the financial results were prepared on the basis that the Company is no longer a going concern.
According to the auditor's findings, the company has significant accumulated losses and its net worth is fully eroded, primarily due to finance costs related to inter-corporate borrowing from Next Radio Limited. The report highlighted that despite the Company having a net current asset position as of March 31, 2026, it does not currently operate any business operations, nor does it possess definitive business plans. Consequently, the ability to settle the inter-corporate borrowing, contractually due for repayment in August 2027, is uncertain.
The audited financial results presented impairment of GST Input Tax Credit totaling INR 72 Lacs as an Exceptional loss, reflecting the going concern issue.
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Financial Highlights for Next Mediaworks Limited
The Company released comprehensive financial statements, including the Profit and Loss statement, Balance Sheet, and Cash Flow Statement, for the fiscal years 2025-2026.Profit and Loss Statement (INR in Lacs, except per share data)
| Particulars | Quarter Ended March 31, 2026 | Quarter Ended December 31, 2025 | Quarter Ended March 31, 2025 | Year Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|---|---|---|
| Total Income | 3 | 17 | 12 | 20 | 56 |
| Total expenses | 124 | 120 | 141 | 476 | 544 |
| Loss before exceptional items and tax | 1121 | 11031 | 11291 | (456) | 1488) |
| Exceptional item (loss)/gain | (72) | - | 882 | (72) | 882 |
| Loss/Profit before tax | 1193) | (1031) | 753 | 1528) | 394 |
| Total Comprehensive Income/(Loss) | (324) | (103) | 683 | (1,074) | 324 |
| Basic and Diluted Earnings Per Share (of INR 10 each) | (0.29) | (0.15) | 1.13 | (0.79) | 0.59 |
Balance Sheet (INR in Lacs)
| Category | Component | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|---|
| TOTAL ASSETS | 366 | 968 | |
| Non-current assets (Total) | 314 | 958 | |
| Current assets (Total) | 52 | 10 | |
| TOTAL EQUITY AND LIABILITIES | |||
| Equity (Total) | (3,536) | (2,499) | |
| Liabilities (Total) | 3,902 | 3,467 |
Cash Flow Statement (INR in Lacs)
| Particulars | March 31, 2026 | March 31, 2025 |
|---|---|---|
| Net cash flows used in operating activities | (9) | (43) |
| Cash flows from investing activities (B) | (33) | 32 |
| Net cash flows from financing activities (B) | 34 | 16 |
| Net increase/(decrease) in cash and cash equivalents (C=A+B) | (8) | 5 |
| Cash and cash equivalents at year end | 1 | 9 |
NEXTMEDIA Stock Price Movement
As of 3:01 PM, shares of Next Mediaworks Limited are gaining strong momentum, rallying up 3.95% to trade at ₹4.21 in live market action. The stock's upward move is backed by considerable trading activity, hitting a volume of 38,015 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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