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

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ENTERTAINMENT NETWORK Announces Quarterly Results (4QFY19); Net Profit Up 64.0%
Fri, 14 Jun

ENTERTAINMENT NETWORK has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

ENTERTAINMENT NETWORK Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,5942,0091,758-12.5%10.3%
Other incomeRs m29444912.0%71.6%
TurnoverRs m1,6232,0531,807-12.0%11.4%
ExpensesRs m1,2401,6051,327-17.4%7.0%
Gross profitRs m3544044316.8%21.8%
DepreciationRs m1581741803.7%13.6%
InterestRs m10154-71.1%-55.1%
Profit before taxRs m21425929614.3%37.9%
TaxRs m96971024.7%5.9%
Profit after taxRs m11816119420.1%64.0%
Gross profit margin%22.220.124.5
Effective tax rate%44.937.634.5
Net profit margin%7.37.910.7
* 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 10.3% on a year-on-year (YoY) basis. The expenses were up by 7.0% YoY during the same period.
  • The company's operating profit increased by 21.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.5% in 4QFY19 as against 22.2% in 4QFY18.
  • Depreciation charges increased by 13.6% and finance costs declined by 55.1% YoY, respectively.
  • Other income increased by 71.6% YoY during the quarter.
  • Net profit for the quarter increased by 64.0% YoY. Net profit margins during the quarter increased from 7.3% in 4QFY18 to 10.7% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 17.4% QoQ during the same period.
  • The company's operating profit increased by 6.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.5% in 4QFY19 as against 20.1% in 3QFY18.
  • Net profit for the quarter increased by 20.1% QoQ, while net profit margins increased from 7.8% in 3QFY18 to 10.7% in 4QFY19.

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 688.9 to Rs 445.0, registering a Loss of Rs 243.9 or around 35.4%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,855.5 (down 0.0%). Over the last one year it has moved up from 7,056.0 to 7,855.5, a gain of 799 points (up 11.3%).

Overall, the S&P BSE SENSEX is up 10.9% over the year.

Current Valuations

At the current price of Rs 445.0, the price to earnings (P/E) ratio of ENTERTAINMENT NETWORK stands at 39.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

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Related Views on News

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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