TV TODAY NETWORK Announces Quarterly Results (3QFY19); Net Profit Up 9.7%

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TV TODAY NETWORK Announces Quarterly Results (3QFY19); Net Profit Up 9.7%
Fri, 15 Feb

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

TV TODAY NETWORK Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,7361,6331,99422.1%14.9%
Other incomeRs m558366-21.0%18.4%
TurnoverRs m1,7911,7162,06020.0%15.0%
ExpensesRs m1,1641,1871,37816.1%18.4%
Gross profitRs m57244661638.1%7.8%
DepreciationRs m777977-2.7%-0.3%
InterestRs m40120.0%-85.6%
Profit before taxRs m54645060434.4%10.6%
TaxRs m18915521237.3%12.4%
Profit after taxRs m35729539232.8%9.7%
Gross profit margin%32.927.330.9
Effective tax rate%34.634.435.1
Net profit margin%19.917.219.0
* 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 grew 14.9% on a year-on-year (YoY) basis. The expenses were up by 18.4% YoY during the same period.
  • The company's operating profit increased by 7.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.9% in 3QFY19 as against 32.9% in 3QFY18.
  • Depreciation charges declined by 0.3% and finance costs declined by 85.6% YoY, respectively.
  • Other income increased by 18.4% YoY during the quarter.
  • Net profit for the quarter increased by 9.7% YoY. Net profit margins during the quarter declined from 19.9% in 3QFY18 to 19.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.1% QoQ during the same period.
  • The company's operating profit increased by 38.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.9% in 3QFY19 as against 27.3% in 2QFY18.
  • Net profit for the quarter increased by 32.8% QoQ, while net profit margins increased from 17.2% in 2QFY18 to 19.0% in 3QFY19.

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 490.9 to Rs 326.1, registering a Loss of Rs 164.9 or around 33.6%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,585.8 (down 0.3%). Over the last one year it has moved up from 6,550.2 to 7,585.8, a gain of 1,036 points (up 15.8%).

Overall, the S&P BSE SENSEX is up 4.4% over the year.

Current Valuations

At the current price of Rs 326.1, the price to earnings (P/E) ratio of TV TODAY NETWORK stands at 13.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 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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