HINDUSTAN MEDIA VENTURES Announces Quarterly Results (2QFY20); Net Profit Up 57.6%

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HINDUSTAN MEDIA VENTURES Announces Quarterly Results (2QFY20); Net Profit Up 57.6%
Mon, 4 Nov

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

HINDUSTAN MEDIA VENTURES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m2,0572,1791,927-11.6%-6.3%
Other incomeRs m21421729334.8%37.1%
TurnoverRs m2,2712,3972,220-7.4%-2.2%
ExpensesRs m1,9741,8341,725-5.9%-12.6%
Gross profitRs m84346203-41.4%142.6%
DepreciationRs m50578752.8%75.5%
InterestRs m56182539.1%-55.3%
Profit before taxRs m192488383-21.4%99.9%
TaxRs m619117894.8%190.0%
Profit after taxRs m131397206-48.1%57.6%
Gross profit margin%4.115.910.5
Effective tax rate%31.918.746.3
Net profit margin%5.716.69.3
* 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 6.3% on a year-on-year (YoY) basis. The expenses were down by 12.6% YoY during the same period.
  • The company's operating profit increased by 142.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.5% in 2QFY20 as against 4.1% in 2QFY19.
  • Depreciation charges increased by 75.5% and finance costs declined by 55.3% YoY, respectively.
  • Other income increased by 37.1% YoY during the quarter.
  • Net profit for the quarter increased by 57.6% YoY. Net profit margins during the quarter increased from 5.7% in 2QFY19 to 9.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.9% QoQ during the same period.
  • The company's operating profit declined by 41.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.5% in 2QFY20 as against 15.9% in 1QFY19.
  • Net profit for the quarter declined by 48.1% QoQ, while net profit margins declined from 16.6% in 1QFY19 to 9.3% in 2QFY20.

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

Free Guide: Find the Next Crorepati Stock in this Futuristic Industry

HINDUSTAN MEDIA VENTURES Share Price Performance

Over the last one year,HINDUSTAN MEDIA VENTURES share price has moved down from Rs 130.8 to Rs 83.8, registering a Loss of Rs 47.1 or around 36.0%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,460.7 (up 0.1%). Over the last one year it has moved up from 7,050.7 to 7,460.7, a gain of 410 points (up 5.8%).

Overall, the S&P BSE SENSEX is up 17.2% over the year.

Current Valuations

At the current price of Rs 83.8, the price to earnings (P/E) ratio of HINDUSTAN MEDIA VENTURES stands at 5.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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