RAJ TELEVISION Announces Quarterly Results (4QFY18); Net Profit Down 100.7%

Wed, 13 Jun

RAJ TELEVISION has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

RAJ TELEVISION Quarterly Financials

No. of Mths Qtr. Ending		3 Mar-17*	3 Dec-17*	3 Mar-18*	QoQ Change	YoY Change
Net Sales	Rs m	127	152	193	26.5%	52.1%
Other income	Rs m	1	0	1	336.4%	57.4%
Turnover	Rs m	127	153	194	27.0%	52.2%
Expenses	Rs m	188	120	154	29.1%	-17.9%
Gross profit	Rs m	-61	33	38	17.0%
Depreciation	Rs m	16	17	17	-3.1%	6.5%
Interest	Rs m	16	15	14	-6.8%	-9.6%
Profit before tax	Rs m	-92	1	9	1212.3%
Tax	Rs m	-1	-1	8
Profit after tax	Rs m	-91	2	1	-58.0%
Gross profit margin	%	-48.5	21.6	19.9
Effective tax rate	%	1.6	-130.8	92.6
Net profit margin	%	-71.2	1.0	0.3

Year-on-Year Performance:

• The company's operating income during the quarter grew 52.1% on a year-on-year (YoY) basis. The expenses were down by 17.9% YoY during the same period.
• The company's operating profit declined by 162.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.9% in 4QFY18 as against 48.5% in 4QFY17.
• Depreciation charges and finance costs increased by 6.5% YoY and 9.6% YoY, respectively.
• Other income increased by 57.4% YoY during the quarter.
• Net profit for the quarter declined by 100.7% YoY. Net profit margins during the quarter increased from -71.2% in 4QFY17 to 0.3% in 4QFY18.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter grew 26.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 29.1% QoQ during the same period.
• The company's operating profit increased by 17.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.9% in 4QFY18 as against 21.6% in 3QFY17.
• Net profit for the quarter declined by 58.0% QoQ, while net profit margins declined from 1.3% in 3QFY17 to 0.3% in 4QFY18.

To see how RAJ TELEVISION has performed over the last eight quarters, please visit here.

RAJ TELEVISION Share Price Performance

Over the last one year, RAJ TELEVISION share price has moved up from Rs 58.4 to Rs 51.0, registering a Loss of Rs -7.4 or around 12.7%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,146.2 (up 0.9%). Over the last one year it has moved up from 5,613.1 to 7,146.2, a gain of 1,533.1 points (up 27.3%).

Overall, the S&P BSE SENSEX is up 0.3% over the year.

Current Valuations

At the current price of Rs 51.0, the price to earnings (P/E) ratio of RAJ TELEVISION stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.