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

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TV TODAY NETWORK Announces Quarterly Results (2QFY20); Net Profit Down 19.7%
Fri, 25 Oct

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

TV TODAY NETWORK Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m1,6332,4521,805-26.4%10.5%
Other incomeRs m83144126-12.3%51.6%
TurnoverRs m1,7162,5961,930-25.6%12.5%
ExpensesRs m1,1871,7071,458-14.6%22.9%
Gross profitRs m446745347-53.4%-22.3%
DepreciationRs m799696-0.1%21.0%
InterestRs m087-10.8%1520.0%
Profit before taxRs m450784369-52.9%-17.8%
TaxRs m155274132-51.6%-14.3%
Profit after taxRs m295510237-53.6%-19.7%
Gross profit margin%27.330.419.2
Effective tax rate%34.434.935.9
Net profit margin%17.219.712.3
* 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 10.5% 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 22.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.2% in 2QFY20 as against 27.3% in 2QFY19.
  • Depreciation charges increased by 21.0% and finance costs increased by 1520.0% YoY, respectively.
  • Other income increased by 51.6% YoY during the quarter.
  • Net profit for the quarter declined by 19.7% YoY. Net profit margins during the quarter declined from 17.2% in 2QFY19 to 12.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 26.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 14.6% QoQ during the same period.
  • The company's operating profit declined by 53.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.2% in 2QFY20 as against 30.4% in 1QFY19.
  • Net profit for the quarter declined by 53.6% QoQ, while net profit margins declined from 19.6% in 1QFY19 to 12.3% in 2QFY20.

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

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TV TODAY NETWORK Share Price Performance

Over the last one year,TV TODAY NETWORK share price has moved down from Rs 380.8 to Rs 321.0, registering a Loss of Rs 59.8 or around 15.7%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,099.1 (up 0.2%). Over the last one year it has moved up from 6,876.4 to 7,099.1, a gain of 223 points (up 3.2%).

Overall, the S&P BSE SENSEX is up 14.6% over the year.

Current Valuations

At the current price of Rs 321.0, the price to earnings (P/E) ratio of TV TODAY NETWORK stands at 14.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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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 (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.

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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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