TV18 BROADCAST Announces Quarterly Results (2QFY20); Net Profit Up 12.8%

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TV18 BROADCAST Announces Quarterly Results (2QFY20); Net Profit Up 12.8%
Thu, 17 Oct

TV18 BROADCAST has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

TV18 BROADCAST Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m11,98311,97511,271-5.9%-5.9%
Other incomeRs m32330234-29.0%639.4%
TurnoverRs m12,01512,30511,506-6.5%-4.2%
ExpensesRs m10,90511,20110,220-8.8%-6.3%
Gross profitRs m1,0786221,05169.1%-2.5%
DepreciationRs m3304374441.6%34.3%
InterestRs m2263593785.1%67.4%
Profit before taxRs m554156464197.9%-16.2%
TaxRs m2304498122.4%-57.2%
Profit after taxRs m325112366227.8%12.8%
Gross profit margin%9.05.29.3
Effective tax rate%41.428.421.2
Net profit margin%2.70.93.2
* 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 5.9% on a year-on-year (YoY) basis. The expenses were down by 6.3% YoY during the same period.
  • The company's operating profit declined by 2.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 9.3% in 2QFY20.
  • Depreciation charges increased by 34.3% and finance costs increased by 67.4% YoY, respectively.
  • Other income increased by 639.4% YoY during the quarter.
  • Net profit for the quarter increased by 12.8% YoY. Net profit margins during the quarter increased from 2.7% in 2QFY19 to 3.2% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.8% QoQ during the same period.
  • The company's operating profit increased by 69.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.3% in 2QFY20 as against 5.2% in 1QFY19.
  • Net profit for the quarter increased by 227.8% QoQ, while net profit margins increased from 0.9% in 1QFY19 to 3.2% in 2QFY20.

To see how TV18 BROADCAST has performed over the last eight quarters,please visit here.

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TV18 BROADCAST Share Price Performance

Over the last one year,TV18 BROADCAST share price has moved down from Rs 37.0 to Rs 21.3, registering a Loss of Rs 15.8 or around 42.6%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,509.0 (down 0.3%). Over the last one year it has moved up from 7,278.2 to 7,509.0, a gain of 231 points (up 3.2%).

Overall, the S&P BSE SENSEX is up 10.0% over the year.

Current Valuations

At the current price of Rs 21.3, the price to earnings (P/E) ratio of TV18 BROADCAST stands at 17.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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Jul 17, 2019 | Updated on Jul 17, 2019

For the quarter ended June 2019, TV18 BROADCAST has posted a net profit of Rs 112 m (up 178.8% YoY). Sales on the other hand came in at Rs 12 bn (up 10.0% YoY). Read on for a complete analysis of TV18 BROADCAST's quarterly results.

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