HT MEDIA Announces Quarterly Results (2QFY20); Net Profit Up 51.5%

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HT MEDIA Announces Quarterly Results (2QFY20); Net Profit Up 51.5%
Mon, 11 Nov

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

HT MEDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m5,1285,4025,205-3.6%1.5%
Other incomeRs m53548159523.8%11.3%
TurnoverRs m5,6625,8835,800-1.4%2.4%
ExpensesRs m5,3234,9924,989-0.1%-6.3%
Gross profitRs m-434-1,353216
DepreciationRs m27041148718.6%80.5%
InterestRs m326279269-3.8%-17.6%
Profit before taxRs m-495-1,56356
TaxRs m-52-82270
Profit after taxRs m-443-1,481-215
Gross profit margin%-8.5-25.04.2
Effective tax rate%10.55.2486.3
Net profit margin%-7.8-25.2-3.7
* 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 1.5% 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 149.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.2% in 2QFY20 as against 8.5% in 2QFY19.
  • Depreciation charges increased by 80.5% and finance costs declined by 17.6% YoY, respectively.
  • Other income increased by 11.3% YoY during the quarter.
  • Net profit for the quarter increased by 51.5% YoY. Net profit margins during the quarter increased from -7.8% in 2QFY19 to -3.7% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.1% QoQ during the same period.
  • The company's operating profit declined by 116.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.2% in 2QFY20 as against 25.0% in 1QFY19.
  • Net profit for the quarter increased by 85.5% QoQ, while net profit margins increased from -25.2% in 1QFY19 to -3.7% in 2QFY20.

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

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

HT MEDIA Share Price Performance

Over the last one year,HT MEDIA share price has moved down from Rs 40.9 to Rs 16.5, registering a Loss of Rs 24.4 or around 59.7%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,371.8 (down 0.7%). Over the last one year it has moved up from 7,100.9 to 7,371.8, a gain of 271 points (up 3.8%).

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 16.5, the price to book value (P/BV) ratio of HT MEDIA stands at 0.2 times.

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Related Views on News

HT MEDIA Announces Quarterly Results (3QFY20); Net Profit Down 56.6% (Quarterly Result Update)

Jan 27, 2020 | Updated on Jan 27, 2020

For the quarter ended December 2019, HT MEDIA has posted a net profit of Rs 147 m (down 56.6% YoY). Sales on the other hand came in at Rs 6 bn (down 2.0% YoY). Read on for a complete analysis of HT MEDIA's quarterly results.

HT MEDIA Announces Quarterly Results (1QFY20); Net Profit Down 12041.1% (Quarterly Result Update)

Jul 24, 2019 | Updated on Jul 24, 2019

For the quarter ended June 2019, HT MEDIA has posted a net profit of Rs 1 bn (down 12041.1% YoY). Sales on the other hand came in at Rs 5 bn (down 0.4% YoY). Read on for a complete analysis of HT MEDIA's quarterly results.

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