TV TODAY NETWORK Announces Quarterly Results (4QFY19); Net Profit Down 38.0%

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TV TODAY NETWORK Announces Quarterly Results (4QFY19); Net Profit Down 38.0%
Fri, 24 May

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

TV TODAY NETWORK Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,8111,9941,657-16.9%-8.6%
Other incomeRs m8266150128.0%82.4%
TurnoverRs m1,8942,0601,806-12.3%-4.6%
ExpensesRs m1,2881,3781,345-2.4%4.4%
Gross profitRs m523616271-56.0%-48.2%
DepreciationRs m7777793.0%3.4%
InterestRs m412190.7%-62.2%
Profit before taxRs m524604340-43.7%-35.2%
TaxRs m198212138-35.1%-30.5%
Profit after taxRs m326392202-48.4%-38.0%
Gross profit margin%28.930.916.4
Effective tax rate%37.835.140.5
Net profit margin%17.219.011.2
* 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 fell 8.6% on a year-on-year (YoY) basis. The expenses were up by 4.4% YoY during the same period.
  • The company's operating profit declined by 48.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.4% in 4QFY19 as against 28.9% in 4QFY18.
  • Depreciation charges increased by 3.4% and finance costs declined by 62.2% YoY, respectively.
  • Other income increased by 82.4% YoY during the quarter.
  • Net profit for the quarter declined by 38.0% YoY. Net profit margins during the quarter declined from 17.2% in 4QFY18 to 11.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 16.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.4% QoQ during the same period.
  • The company's operating profit declined by 56.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.4% in 4QFY19 as against 30.9% in 3QFY18.
  • Net profit for the quarter declined by 48.4% QoQ, while net profit margins declined from 19.0% in 3QFY18 to 11.2% in 4QFY19.

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 433.0 to Rs 264.0, registering a Loss of Rs 169.0 or around 39.0%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,441.8 (down 0.0%). Over the last one year it has moved up from 6,996.8 to 7,441.8, a gain of 445 points (up 6.4%).

Overall, the S&P BSE SENSEX is up 13.3% over the year.

Current Valuations

At the current price of Rs 264.0, the price to earnings (P/E) ratio of TV TODAY NETWORK stands at 12.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 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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