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- HT MEDIA Announces Quarterly Results (2QFY20); Net Profit Up 51.5%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 5,128 | 5,402 | 5,205 | -3.6% | 1.5% |
| Other income | Rs m | 535 | 481 | 595 | 23.8% | 11.3% |
| Turnover | Rs m | 5,662 | 5,883 | 5,800 | -1.4% | 2.4% |
| Expenses | Rs m | 5,323 | 4,992 | 4,989 | -0.1% | -6.3% |
| Gross profit | Rs m | -434 | -1,353 | 216 | ||
| Depreciation | Rs m | 270 | 411 | 487 | 18.6% | 80.5% |
| Interest | Rs m | 326 | 279 | 269 | -3.8% | -17.6% |
| Profit before tax | Rs m | -495 | -1,563 | 56 | ||
| Tax | Rs m | -52 | -82 | 270 | ||
| Profit after tax | Rs m | -443 | -1,481 | -215 | ||
| Gross profit margin | % | -8.5 | -25.0 | 4.2 | ||
| Effective tax rate | % | 10.5 | 5.2 | 486.3 | ||
| Net profit margin | % | -7.8 | -25.2 | -3.7 |
Interim results exclude extraordinary / exceptional items
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.
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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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