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.

BREAKING NEWS: Massive Opportunity Triggered as Investing Legends Quit
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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Related Views on News

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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