TV TODAY NETWORK Announces Quarterly Results (1QFY20); Net Profit Up 24.5%

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TV TODAY NETWORK Announces Quarterly Results (1QFY20); Net Profit Up 24.5%
Tue, 13 Aug

TV TODAY NETWORK has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

TV TODAY NETWORK Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,8191,6572,45248.0%34.8%
Other incomeRs m75150144-4.0%92.4%
TurnoverRs m1,8931,8062,59643.7%37.1%
ExpensesRs m1,1831,3451,70726.9%44.3%
Gross profitRs m636271745174.5%17.1%
DepreciationRs m78799620.9%22.8%
InterestRs m228420.4%383.4%
Profit before taxRs m630340784130.7%24.4%
TaxRs m22113827498.6%24.1%
Profit after taxRs m410202510152.5%24.5%
Gross profit margin%34.916.430.4
Effective tax rate%35.040.534.9
Net profit margin%21.611.219.7
* 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 34.8% on a year-on-year (YoY) basis. The expenses were up by 44.3% YoY during the same period.
  • The company's operating profit increased by 17.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.4% in 1QFY20 as against 34.9% in 1QFY19.
  • Depreciation charges increased by 22.8% and finance costs increased by 383.4% YoY, respectively.
  • Other income increased by 92.4% YoY during the quarter.
  • Net profit for the quarter increased by 24.5% YoY. Net profit margins during the quarter declined from 21.6% in 1QFY19 to 19.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 48.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 26.9% QoQ during the same period.
  • The company's operating profit increased by 174.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.4% in 1QFY20 as against 16.4% in 4QFY19.
  • Net profit for the quarter increased by 152.5% QoQ, while net profit margins increased from 11.2% in 4QFY19 to 19.7% in 1QFY20.

To see how TV TODAY NETWORK has performed over the last eight quarters,please visit here.

TV TODAY NETWORK Share Price Performance

Over the last one year,TV TODAY NETWORK share price has moved down from Rs 428.8 to Rs 311.6, registering a Loss of Rs 117.3 or around 27.3%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,633.2 (down 1.8%). Over the last one year it has moved up from 7,514.1 to 7,633.2, a gain of 119 points (up 1.6%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 311.6, the price to earnings (P/E) ratio of TV TODAY NETWORK stands at 13.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

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Related Views on News

TV TODAY NETWORK Announces Quarterly Results (3QFY20); Net Profit Down 2.6% (Quarterly Result Update)

Feb 11, 2020 | Updated on Feb 11, 2020

For the quarter ended December 2019, TV TODAY NETWORK has posted a net profit of Rs 382 m (down 2.6% YoY). Sales on the other hand came in at Rs 2 bn (up 11.6% YoY). Read on for a complete analysis of TV TODAY NETWORK's quarterly results.

TV TODAY NETWORK Announces Quarterly Results (2QFY20); Net Profit Down 19.7% (Quarterly Result Update)

Oct 25, 2019 | Updated on Oct 25, 2019

For the quarter ended September 2019, TV TODAY NETWORK has posted a net profit of Rs 237 m (down 19.7% YoY). Sales on the other hand came in at Rs 2 bn (up 10.5% YoY). Read on for a complete analysis of TV TODAY NETWORK's quarterly results.

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