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

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TV TODAY NETWORK Announces Quarterly Results (3QFY20); Net Profit Down 2.6%
Tue, 11 Feb

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

TV TODAY NETWORK Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m1,9941,8052,22523.3%11.6%
Other incomeRs m6612681-35.9%22.9%
TurnoverRs m2,0601,9302,30619.4%11.9%
ExpensesRs m1,3781,4581,61110.5%16.9%
Gross profitRs m61634761477.2%-0.3%
DepreciationRs m7796960.6%25.0%
InterestRs m177-9.6%1120.4%
Profit before taxRs m60436959260.2%-2.0%
TaxRs m21213221058.6%-1.0%
Profit after taxRs m39223738261.1%-2.6%
Gross profit margin%30.919.227.6
Effective tax rate%35.135.935.5
Net profit margin%19.012.316.6
* 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 11.6% on a year-on-year (YoY) basis. The expenses were up by 16.9% YoY during the same period.
  • The company's operating profit declined by 0.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 27.6% in 3QFY20 as against 30.9% in 3QFY19.
  • Depreciation charges increased by 25.0% and finance costs increased by 1120.4% YoY, respectively.
  • Other income increased by 22.9% YoY during the quarter.
  • Net profit for the quarter declined by 2.6% YoY. Net profit margins during the quarter declined from 19.0% in 3QFY19 to 16.6% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 23.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.5% QoQ during the same period.
  • The company's operating profit increased by 77.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.6% in 3QFY20 as against 19.2% in 2QFY19.
  • Net profit for the quarter increased by 61.1% QoQ, while net profit margins increased from 12.3% in 2QFY19 to 16.6% in 3QFY20.

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 316.1 to Rs 242.9, registering a Loss of Rs 73.2 or around 23.1%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 8,073.0 (up 0.1%). Over the last one year it has moved up from 7,730.8 to 8,073.0, a gain of 342 points (up 4.4%).

Overall, the S&P BSE SENSEX is up 13.7% over the year.

Current Valuations

At the current price of Rs 242.9, the price to earnings (P/E) ratio of TV TODAY NETWORK stands at 10.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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