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.

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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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