TV TODAY NETWORK Announces Quarterly Results (2QFY19); Net Profit Down 0.5%

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TV TODAY NETWORK Announces Quarterly Results (2QFY19); Net Profit Down 0.5%
Mon, 12 Nov

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

TV TODAY NETWORK Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,4441,8191,633-10.2%13.1%
Other incomeRs m54758311.3%54.3%
TurnoverRs m1,4971,8931,716-9.4%14.6%
ExpensesRs m9661,1831,1870.3%22.9%
Gross profitRs m478636446-29.8%-6.7%
DepreciationRs m8078791.4%-0.8%
InterestRs m120-73.4%-56.7%
Profit before taxRs m451630450-28.7%-0.3%
TaxRs m154221155-29.9%0.1%
Profit after taxRs m296410295-28.0%-0.5%
Gross profit margin%33.134.927.3
Effective tax rate%34.235.034.4
Net profit margin%19.821.617.2
* 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 13.1% on a year-on-year (YoY) basis. The expenses were up by 22.9% YoY during the same period.
  • The company's operating profit declined by 6.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.3% in 2QFY19 as against 33.1% in 2QFY18.
  • Depreciation charges declined by 0.8% and finance costs declined by 56.7% YoY, respectively.
  • Other income increased by 54.3% YoY during the quarter.
  • Net profit for the quarter declined by 0.5% YoY. Net profit margins during the quarter declined from 19.8% in 2QFY18 to 17.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.3% QoQ during the same period.
  • The company's operating profit declined by 29.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.3% in 2QFY19 as against 34.9% in 1QFY18.
  • Net profit for the quarter declined by 28.0% QoQ, while net profit margins declined from 21.7% in 1QFY18 to 17.2% in 2QFY19.

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 up from Rs 362.5 to Rs 379.0, registering a Gain of Rs 16.5 or around 4.6%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,191.9 (up 1.3%). Over the last one year it has moved up from 6,122.4 to 7,191.9, a gain of 1,070 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 379.0, the price to earnings (P/E) ratio of TV TODAY NETWORK stands at 16.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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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.

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

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, TV TODAY NETWORK has posted a net profit of Rs 510 m (up 24.5% YoY). Sales on the other hand came in at Rs 2 bn (up 34.8% YoY). Read on for a complete analysis of TV TODAY NETWORK's quarterly results.

TV TODAY NETWORK 2017-18 Annual Report Analysis (Annual Result Update)

Sep 19, 2018 | Updated on Sep 19, 2018

Here's an analysis of the annual report of TV TODAY NETWORK for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of TV TODAY NETWORK. Also includes updates on the valuation of TV TODAY NETWORK.

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