NEXT MEDIAWORKS Announces Quarterly Results (2QFY20); Net Profit Down 57.4%

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NEXT MEDIAWORKS Announces Quarterly Results (2QFY20); Net Profit Down 57.4%
Mon, 4 Nov

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

NEXT MEDIAWORKS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m19613116122.4%-17.9%
Other incomeRs m5220831.5%301.6%
TurnoverRs m20113318135.6%-9.9%
ExpensesRs m1741411517.1%-13.1%
Gross profitRs m25-1010-62.0%
DepreciationRs m2731322.0%20.4%
InterestRs m23222827.5%20.8%
Profit before taxRs m-19-61-30
TaxRs m0000.0%0.0%
Profit after taxRs m-19-61-31
Gross profit margin%13.0-7.46.0
Effective tax rate%0.00.0-0.9
Net profit margin%-9.7-45.8-17.0
* 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 17.9% on a year-on-year (YoY) basis. The expenses were down by 13.1% YoY during the same period.
  • The company's operating profit declined by 62.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.0% in 2QFY20 as against 13.0% in 2QFY19.
  • Depreciation charges increased by 20.4% and finance costs increased by 20.8% YoY, respectively.
  • Other income increased by 301.6% YoY during the quarter.
  • Net profit for the quarter declined by 57.4% YoY. Net profit margins during the quarter declined from -9.7% in 2QFY19 to -17.0% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.1% QoQ during the same period.
  • The company's operating profit declined by 199.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.0% in 2QFY20 as against 7.4% in 1QFY19.
  • Net profit for the quarter increased by 49.7% QoQ, while net profit margins increased from -45.9% in 1QFY19 to -17.0% in 2QFY20.

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

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NEXT MEDIAWORKS Share Price Performance

Over the last one year,NEXT MEDIAWORKS share price has moved down from Rs 15.7 to Rs 12.3, registering a Loss of Rs 3.4 or around 21.7%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,462.6 (up 0.1%). Over the last one year it has moved up from 7,050.7 to 7,462.6, a gain of 412 points (up 5.8%).

Overall, the S&P BSE SENSEX is up 17.2% over the year.

Current Valuations

At the current price of Rs 12.3, the price to book value (P/BV) ratio of NEXT MEDIAWORKS stands at 3.5 times.

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