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

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ENTERTAINMENT NETWORK Announces Quarterly Results (2QFY19); Net Profit Up 48.5%
Mon, 12 Nov

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

ENTERTAINMENT NETWORK Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,2571,2161,2250.8%-2.6%
Other incomeRs m23293517.9%52.3%
TurnoverRs m1,2801,2451,2601.2%-1.6%
ExpensesRs m9739329522.1%-2.2%
Gross profitRs m284284273-3.6%-3.7%
DepreciationRs m1591521669.0%4.4%
InterestRs m1391118.2%-12.8%
Profit before taxRs m136152131-13.4%-3.0%
TaxRs m755841-30.0%-45.2%
Profit after taxRs m619391-3.0%48.5%
Gross profit margin%22.623.322.3
Effective tax rate%55.038.531.1
Net profit margin%4.87.57.2
* 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 fell 2.6% on a year-on-year (YoY) basis. The expenses were down by 2.2% YoY during the same period.
  • The company's operating profit declined by 3.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.3% in 2QFY19 as against 22.6% in 2QFY18.
  • Depreciation charges increased by 4.4% and finance costs declined by 12.8% YoY, respectively.
  • Other income increased by 52.3% YoY during the quarter.
  • Net profit for the quarter increased by 48.5% YoY. Net profit margins during the quarter increased from 4.8% in 2QFY18 to 7.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.1% QoQ during the same period.
  • The company's operating profit declined by 3.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.3% in 2QFY19 as against 23.3% in 1QFY18.
  • Net profit for the quarter declined by 3.0% QoQ, while net profit margins declined from 7.5% in 1QFY18 to 7.2% in 2QFY19.

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 807.1 to Rs 625.0, registering a Loss of Rs 182.1 or around 22.6%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,187.7 (up 1.2%). Over the last one year it has moved up from 6,122.4 to 7,187.7, a gain of 1,065 points (up 17.4%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 625.0, the price to earnings (P/E) ratio of ENTERTAINMENT NETWORK stands at 68.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.5 times.

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

Aug 6, 2018 | Updated on Aug 6, 2018

For the quarter ended June 2018, ENTERTAINMENT NETWORK has posted a net profit of Rs 93 m (up 104.2% YoY). Sales on the other hand came in at Rs 1 bn (up 16.5% YoY). Read on for a complete analysis of ENTERTAINMENT NETWORK's quarterly results.

ENTERTAINMENT NETWORK Announces Quarterly Results (4QFY18); Net Profit Down 14.3% (Quarterly Result Update)

Jun 4, 2018 | Updated on Jun 4, 2018

For the quarter ended March 2018, ENTERTAINMENT NETWORK has posted a net profit of Rs 118 m (down 14.3% YoY). Sales on the other hand came in at Rs 2 bn (down 3.7% YoY). Read on for a complete analysis of ENTERTAINMENT NETWORK's quarterly results.

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Apr 24, 2019 03:37 PM

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