HINDUSTAN MEDIA VENT. Announces Quarterly Results (3QFY19); Net Profit Down 40.8%

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HINDUSTAN MEDIA VENT. Announces Quarterly Results (3QFY19); Net Profit Down 40.8%
Wed, 16 Jan

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

HINDUSTAN MEDIA VENT. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,3022,0572,2067.2%-4.2%
Other incomeRs m21421432250.9%51.0%
TurnoverRs m2,5152,2712,52811.3%0.5%
ExpensesRs m1,7191,9742,0745.1%20.7%
Gross profitRs m5548413257.8%-76.2%
DepreciationRs m4850548.6%13.9%
InterestRs m285652-6.1%84.2%
Profit before taxRs m69219234881.4%-49.7%
TaxRs m1996156-8.2%-71.8%
Profit after taxRs m493131292123.4%-40.8%
Gross profit margin%24.14.16.0
Effective tax rate%28.831.916.2
Net profit margin%19.65.711.5
* 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 4.2% on a year-on-year (YoY) basis. The expenses were up by 20.7% YoY during the same period.
  • The company's operating profit declined by 76.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.0% in 3QFY19 as against 24.1% in 3QFY18.
  • Depreciation charges increased by 13.9% and finance costs increased by 84.2% YoY, respectively.
  • Other income increased by 51.0% YoY during the quarter.
  • Net profit for the quarter declined by 40.8% YoY. Net profit margins during the quarter declined from 19.6% in 3QFY18 to 11.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.1% QoQ during the same period.
  • The company's operating profit increased by 57.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.0% in 3QFY19 as against 4.1% in 2QFY18.
  • Net profit for the quarter increased by 123.4% QoQ, while net profit margins increased from 5.7% in 2QFY18 to 11.5% in 3QFY19.

To see how HINDUSTAN MEDIA VENT. has performed over the last eight quarters, please visit here.

HINDUSTAN MEDIA VENT. Share Price Performance

Over the last one year, HINDUSTAN MEDIA VENT. share price has moved up from Rs 265.5 to Rs 124.5, registering a Loss of Rs 141.0 or around 53.1%.

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 124.5, the price to earnings (P/E) ratio of HINDUSTAN MEDIA VENT. stands at 6.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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