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- DISH TV Announces Quarterly Results (3QFY19); Net Profit Up 4365.1%
DISH TV Announces Quarterly Results (3QFY19); Net Profit Up 4365.1%
Wed, 13 Feb
DISH TV has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:
DISH TV Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-17* | 3 Sep-18* | 3 Dec-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 7,408 | 15,943 | 15,175 | -4.8% | 104.8% |
| Other income | Rs m | 158 | 147 | 121 | -17.4% | -23.3% |
| Turnover | Rs m | 7,566 | 16,090 | 15,296 | -4.9% | 102.2% |
| Expenses | Rs m | 5,403 | 10,537 | 9,999 | -5.1% | 85.1% |
| Gross profit | Rs m | 2,005 | 5,406 | 5,176 | -4.3% | 158.1% |
| Depreciation | Rs m | 1,847 | 3,675 | 3,532 | -3.9% | 91.2% |
| Interest | Rs m | 502 | 1,592 | 1,300 | -18.3% | 159.2% |
| Profit before tax | Rs m | -186 | 286 | 464 | 62.3% | |
| Tax | Rs m | -150 | 89 | -1,063 | -1296.5% | |
| Profit after tax | Rs m | -36 | 197 | 1,527 | 673.9% | |
| Gross profit margin | % | 27.1 | 33.9 | 34.1 | ||
| Effective tax rate | % | 80.7 | 31.0 | -228.8 | ||
| Net profit margin | % | -0.5 | 1.2 | 10.0 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 104.8% on a year-on-year (YoY) basis. The expenses were up by 85.1% YoY during the same period.
- The company's operating profit increased by 158.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.1% in 3QFY19 as against 27.1% in 3QFY18.
- Depreciation charges increased by 91.2% and finance costs increased by 159.2% YoY, respectively.
- Other income declined by 23.3% YoY during the quarter.
- Net profit for the quarter increased by 4365.1% YoY. Net profit margins during the quarter increased from -0.5% in 3QFY18 to 10.0% in 3QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 4.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.1% QoQ during the same period.
- The company's operating profit increased by 4.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.1% in 3QFY19 as against 33.9% in 2QFY18.
- Net profit for the quarter increased by 673.9% QoQ, while net profit margins increased from 1.2% in 2QFY18 to 10.0% in 3QFY19.
To see how DISH TV has performed over the last eight quarters, please visit here.
DISH TV Share Price Performance
Over the last one year, DISH TV share price has moved up from Rs 74.7 to Rs 31.5, registering a Loss of Rs 43.2 or around 57.8%.
Meanwhile, the S&P BSE TECK Index is trading at Rs 7,676.9 (up 0.2%). Over the last one year it has moved up from 6,552.7 to 7,676.9, a gain of 1,124 points (up 17.2%).
Overall, the S&P BSE SENSEX is up 5.8% over the year.
Current Valuations
At the current price of Rs 31.5, the price to earnings (P/E) ratio of DISH TV stands at 10.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.
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Nov 9, 2018 | Updated on Nov 9, 2018For the quarter ended September 2018, DISH TV has posted a net profit of Rs 197 m (up 210.4% YoY). Sales on the other hand came in at Rs 16 bn (up 113.0% YoY). Read on for a complete analysis of DISH TV's quarterly results.
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