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TV18 BROADCAST Announces Quarterly Results (3QFY19); Net Profit Up 758.9%

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TV18 BROADCAST Announces Quarterly Results (3QFY19); Net Profit Up 758.9%
Wed, 16 Jan

TV18 BROADCAST has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

TV18 BROADCAST Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,71111,98314,74723.1%443.9%
Other incomeRs m623298208.2%56.6%
TurnoverRs m2,77412,01514,84523.6%435.2%
ExpensesRs m2,38710,90513,60024.7%469.7%
Gross profitRs m5111,0781,1476.4%124.7%
DepreciationRs m157330325-1.8%106.6%
InterestRs m6522630334.5%368.1%
Profit before taxRs m35155461711.4%75.8%
TaxRs m192230-746-425.0%-487.9%
Profit after taxRs m1593251,363320.1%758.9%
Gross profit margin%18.89.07.8
Effective tax rate%54.841.4-120.9
Net profit margin%5.72.79.2
* 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 grew 443.9% on a year-on-year (YoY) basis. The expenses were up by 469.7% YoY during the same period.
  • The company's operating profit increased by 124.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.8% in 3QFY19 as against 18.8% in 3QFY18.
  • Depreciation charges increased by 106.6% and finance costs increased by 368.1% YoY, respectively.
  • Other income increased by 56.6% YoY during the quarter.
  • Net profit for the quarter increased by 758.9% YoY. Net profit margins during the quarter increased from 5.7% in 3QFY18 to 9.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 23.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 24.7% QoQ during the same period.
  • The company's operating profit declined by 6.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.8% in 3QFY19 as against 9.0% in 2QFY18.
  • Net profit for the quarter increased by 320.1% QoQ, while net profit margins increased from 2.7% in 2QFY18 to 9.2% in 3QFY19.

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

TV18 BROADCAST Share Price Performance

Over the last one year, TV18 BROADCAST share price has moved up from Rs 62.3 to Rs 38.9, registering a Loss of Rs 23.5 or around 37.6%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,286.9 (up 0.1%). Over the last one year it has moved up from 6,712.2 to 7,286.9, a gain of 575 points (up 8.6%).

Overall, the S&P BSE SENSEX is up 4.6% over the year.

Current Valuations

At the current price of Rs 38.9, the price to earnings (P/E) ratio of TV18 BROADCAST stands at 44.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

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