HINDUSTAN MEDIA VENTURES Announces Quarterly Results (2QFY21); Net Profit Down 77.1%

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HINDUSTAN MEDIA VENTURES Announces Quarterly Results (2QFY21); Net Profit Down 77.1%
Tue, 27 Oct

HINDUSTAN MEDIA VENTURES has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

HINDUSTAN MEDIA VENTURES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m1,9278991,31246.0%-31.9%
Other incomeRs m293494241-51.2%-17.7%
TurnoverRs m2,2201,3931,55311.5%-30.0%
ExpensesRs m1,7251,1661,41521.4%-17.9%
Gross profitRs m203-267-103-151.0%
DepreciationRs m877978-1.4%-11.0%
InterestRs m2526260.8%5.2%
Profit before taxRs m38312334-72.4%-91.2%
TaxRs m1785-13-350.9%-107.5%
Profit after taxRs m20611747-59.8%-77.1%
Gross profit margin%10.5-29.7-7.9
Effective tax rate%46.34.3-39.3
Net profit margin%9.38.43.0
* 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 31.9% on a year-on-year (YoY) basis. The expenses were down by 17.9% YoY during the same period.
  • The company's operating profit declined by 151.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.9% in 2QFY21 as against 10.5% in 2QFY20.
  • Depreciation charges declined by 11.0% and finance costs increased by 5.2% YoY, respectively.
  • Other income declined by 17.7% YoY during the quarter.
  • Net profit for the quarter declined by 77.1% YoY. Net profit margins during the quarter declined from 9.3% in 2QFY20 to 3.0% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 46.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.4% QoQ during the same period.
  • The company's operating profit declined by 61.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.9% in 2QFY21 as against 29.7% in 1QFY20.
  • Net profit for the quarter declined by 59.8% QoQ, while net profit margins declined from 8.4% in 1QFY20 to 3.0% in 2QFY21.

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

Last Day: Watch the Replay of Great Indian Wealth Project Special Event

HINDUSTAN MEDIA VENTURES Share Price Performance

Over the last one year, HINDUSTAN MEDIA VENTURES share price has moved down from Rs 74.0 to Rs 50.0, registering a Loss of Rs 24.0 or around 32.4%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 9,824.7 (down 0.4%). Over the last one year it has moved up from 7,154.3 to 9,824.7, a gain of 2,670 points (up 37.3%).

Overall, the S&P BSE SENSEX is up 3.2% over the year.

Current Valuations

At the current price of Rs 50.0, the price to earnings (P/E) ratio of HINDUSTAN MEDIA VENTURES stands at 4.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

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

Nov 4, 2019 | Updated on Nov 4, 2019

For the quarter ended September 2019, HINDUSTAN MEDIA VENTURES has posted a net profit of Rs 206 m (up 57.6% YoY). Sales on the other hand came in at Rs 2 bn (down 6.3% YoY). Read on for a complete analysis of HINDUSTAN MEDIA VENTURES's quarterly results.

HINDUSTAN MEDIA VENTURES Announces Quarterly Results (4QFY19); Net Profit Down 59.1% (Quarterly Result Update)

May 10, 2019 | Updated on May 10, 2019

For the quarter ended March 2019, HINDUSTAN MEDIA VENTURES has posted a net profit of Rs 165 m (down 59.1% YoY). Sales on the other hand came in at Rs 2 bn (up 5.3% YoY). Read on for a complete analysis of HINDUSTAN MEDIA VENTURES's quarterly results.

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