NEXT MEDIAWORKS Announces Quarterly Results (2QFY19); Net Profit Up 35.8%

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NEXT MEDIAWORKS Announces Quarterly Results (2QFY19); Net Profit Up 35.8%
Mon, 12 Nov

NEXT MEDIAWORKS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

NEXT MEDIAWORKS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m19016719616.9%2.8%
Other incomeRs m755-6.4%-27.8%
TurnoverRs m19717320116.2%1.8%
ExpensesRs m17215117414.7%1.1%
Gross profitRs m19162558.8%37.1%
DepreciationRs m282727-0.4%-6.0%
InterestRs m282423-1.6%-15.4%
Profit before taxRs m-30-29-19
TaxRs m0000.0%0.0%
Profit after taxRs m-30-29-19
Gross profit margin%9.79.613.0
Effective tax rate%0.00.00.0
Net profit margin%-15.4-16.8-9.7
* 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 2.8% on a year-on-year (YoY) basis. The expenses were up by 1.1% YoY during the same period.
  • The company's operating profit increased by 37.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.0% in 2QFY19 as against 9.7% in 2QFY18.
  • Depreciation charges declined by 6.0% and finance costs declined by 15.4% YoY, respectively.
  • Other income declined by 27.8% YoY during the quarter.
  • Net profit for the quarter increased by 35.8% YoY. Net profit margins during the quarter increased from -15.4% in 2QFY18 to -9.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 16.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.7% QoQ during the same period.
  • The company's operating profit increased by 58.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.0% in 2QFY19 as against 9.6% in 1QFY18.
  • Net profit for the quarter increased by 32.9% QoQ, while net profit margins increased from -16.8% in 1QFY18 to -9.7% in 2QFY19.

To see how NEXT MEDIAWORKS has performed over the last eight quarters, please visit here.

NEXT MEDIAWORKS Share Price Performance

Over the last one year, NEXT MEDIAWORKS share price has moved up from Rs 22.3 to Rs 16.2, registering a Loss of Rs 6.2 or around 27.6%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,195.2 (up 1.3%). Over the last one year it has moved up from 6,122.4 to 7,195.2, a gain of 1,073 points (up 17.5%).

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 16.2, the price to book value (P/BV) ratio of NEXT MEDIAWORKS stands at 0.9 times.

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Related Views on News

NEXT MEDIAWORKS Announces Quarterly Results (1QFY19); Net Profit Down 46.4% (Quarterly Result Update)

Aug 10, 2018 | Updated on Aug 10, 2018

For the quarter ended June 2018, NEXT MEDIAWORKS has posted a net profit of Rs 29 m (down 46.4% YoY). Sales on the other hand came in at Rs 167 m (up 4.2% YoY). Read on for a complete analysis of NEXT MEDIAWORKS's quarterly results.

NEXT MEDIAWORKS Announces Quarterly Results (4QFY18); Net Profit Down 93.4% (Quarterly Result Update)

Jul 20, 2018 | Updated on Jul 20, 2018

For the quarter ended March 2018, NEXT MEDIAWORKS has posted a net profit of Rs 2 m (down 93.4% YoY). Sales on the other hand came in at Rs 205 m (up 19.5% YoY). Read on for a complete analysis of NEXT MEDIAWORKS's quarterly results.

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