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

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HT MEDIA Announces Quarterly Results (3QFY20); Net Profit Down 56.6%
Mon, 27 Jan

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

HT MEDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m5,8895,2055,77110.9%-2.0%
Other incomeRs m760595592-0.5%-22.1%
TurnoverRs m6,6495,8006,3649.7%-4.3%
ExpensesRs m5,7984,9895,1813.9%-10.6%
Gross profitRs m51216529144.8%946.2%
DepreciationRs m271487467-4.1%72.4%
InterestRs m309269234-13.0%-24.4%
Profit before taxRs m23156421657.0%82.6%
TaxRs m-1082702741.3%
Profit after taxRs m339-215147-56.6%
Gross profit margin%0.94.29.2
Effective tax rate%-47.0486.365.1
Net profit margin%5.1-3.72.3
* 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 2.0% on a year-on-year (YoY) basis. The expenses were down by 10.6% YoY during the same period.
  • The company's operating profit increased by 946.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.2% in 3QFY20 as against 0.9% in 3QFY19.
  • Depreciation charges increased by 72.4% and finance costs declined by 24.4% YoY, respectively.
  • Other income declined by 22.1% YoY during the quarter.
  • Net profit for the quarter declined by 56.6% YoY. Net profit margins during the quarter declined from 5.1% in 3QFY19 to 2.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.9% QoQ during the same period.
  • The company's operating profit increased by 144.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.2% in 3QFY20 as against 4.2% in 2QFY19.
  • Net profit for the quarter increased by 168.5% QoQ, while net profit margins increased from -3.7% in 2QFY19 to 2.3% in 3QFY20.

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 40.1 to Rs 16.4, registering a Loss of Rs 23.7 or around 59.1%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 8,077.3 (down 0.6%). Over the last one year it has moved up from 7,274.4 to 8,077.3, a gain of 803 points (up 11.0%).

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 16.4, the price to book value (P/BV) ratio of HT MEDIA stands at 0.2 times.

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