ENTERTAINMENT NETWORK Announces Quarterly Results (1QFY19); Net Profit Up 104.2%

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ENTERTAINMENT NETWORK Announces Quarterly Results (1QFY19); Net Profit Up 104.2%
Mon, 6 Aug

ENTERTAINMENT NETWORK has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

ENTERTAINMENT NETWORK Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m1,0441,5941,216-23.7%16.5%
Other incomeRs m2929292.8%2.3%
TurnoverRs m1,0721,6231,245-23.2%16.1%
ExpensesRs m8771,240932-24.8%6.4%
Gross profitRs m209354284-19.9%35.5%
DepreciationRs m156158152-4.1%-2.9%
InterestRs m12109-5.7%-25.5%
Profit before taxRs m69214152-29.2%119.5%
TaxRs m239658-39.3%149.3%
Profit after taxRs m4611893-21.0%104.2%
Gross profit margin%20.122.223.3
Effective tax rate%33.944.938.5
Net profit margin%4.37.37.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 16.5% on a year-on-year (YoY) basis. The expenses were up by 6.4% YoY during the same period.
  • The company's operating profit increased by 35.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.3% in 1QFY19 as against 20.1% in 1QFY18.
  • Depreciation charges and finance costs declined by 2.9% YoY and 25.5% YoY, respectively.
  • Other income increased by 2.3% YoY during the quarter.
  • Net profit for the quarter increased by 104.2% YoY. Net profit margins during the quarter increased from 4.3% in 1QFY18 to 7.5% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 23.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 24.8% QoQ during the same period.
  • The company's operating profit increased by 19.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.3% in 1QFY19 as against 22.2% in 4QFY18.
  • Net profit for the quarter declined by 21.0% QoQ, while net profit margins increased from 7.3% in 4QFY18 to 7.5% in 1QFY19.

To see how ENTERTAINMENT NETWORK has performed over the last eight quarters, please visit here.

ENTERTAINMENT NETWORK Share Price Performance

Over the last one year, ENTERTAINMENT NETWORK share price has moved up from Rs 876.4 to Rs 745.0, registering a Loss of Rs 131.4 or around 15.0%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,411.9 (up 0.0%). Over the last one year it has moved up from 5,876.4 to 7,411.9, a gain of 1,536 points (up 26.1%).

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 745.0, the price to earnings (P/E) ratio of ENTERTAINMENT NETWORK stands at 87.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

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Related Views on News

ENTERTAINMENT NETWORK Announces Quarterly Results (4QFY19); Net Profit Up 64.0% (Quarterly Result Update)

Jun 14, 2019 | Updated on Jun 14, 2019

For the quarter ended March 2019, ENTERTAINMENT NETWORK has posted a net profit of Rs 194 m (up 64.0% YoY). Sales on the other hand came in at Rs 2 bn (up 10.3% YoY). Read on for a complete analysis of ENTERTAINMENT NETWORK's quarterly results.

ENTERTAINMENT NETWORK Announces Quarterly Results (2QFY19); Net Profit Up 48.5% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, ENTERTAINMENT NETWORK has posted a net profit of Rs 91 m (up 48.5% YoY). Sales on the other hand came in at Rs 1 bn (down 2.6% YoY). Read on for a complete analysis of ENTERTAINMENT NETWORK's quarterly results.

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