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.

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

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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Related Views on News

TV18 BROADCAST Announces Quarterly Results (1QFY20); Net Profit Up 178.8% (Quarterly Result Update)

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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