ZEE MEDIA CORP. Announces Quarterly Results (1QFY20); Net Profit Down 53.3%

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ZEE MEDIA CORP. Announces Quarterly Results (1QFY20); Net Profit Down 53.3%
Fri, 2 Aug

ZEE MEDIA CORP. has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ZEE MEDIA CORP. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,5471,6942,00718.5%29.7%
Other incomeRs m195628-50.4%49.7%
TurnoverRs m1,5651,7492,03416.3%30.0%
ExpensesRs m1,1881,3051,3483.3%13.4%
Gross profitRs m770-645659-14.4%
DepreciationRs m12616322638.7%79.2%
InterestRs m35516936.0%96.0%
Profit before taxRs m627-802392-37.5%
TaxRs m7365133106.2%81.7%
Profit after taxRs m554-867259-53.3%
Gross profit margin%49.8-38.132.8
Effective tax rate%11.7-8.034.0
Net profit margin%35.4-49.612.7
* 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 29.7% on a year-on-year (YoY) basis. The expenses were up by 13.4% YoY during the same period.
  • The company's operating profit declined by 14.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 32.8% in 1QFY20 as against 49.8% in 1QFY19.
  • Depreciation charges increased by 79.2% and finance costs increased by 96.0% YoY, respectively.
  • Other income increased by 49.7% YoY during the quarter.
  • Net profit for the quarter declined by 53.3% YoY. Net profit margins during the quarter declined from 35.4% in 1QFY19 to 12.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.3% QoQ during the same period.
  • The company's operating profit increased by 202.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.8% in 1QFY20 as against 38.1% in 4QFY19.
  • Net profit for the quarter increased by 129.8% QoQ, while net profit margins increased from -49.6% in 4QFY19 to 12.7% in 1QFY20.

To see how ZEE MEDIA CORP. has performed over the last eight quarters,please visit here.

ZEE MEDIA CORP. Share Price Performance

Over the last one year,ZEE MEDIA CORP. share price has moved down from Rs 30.6 to Rs 11.3, registering a Loss of Rs 19.3 or around 63.1%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,517.5 (down 0.1%). Over the last one year it has moved up from 7,354.8 to 7,517.5, a gain of 163 points (up 2.2%).

Overall, the S&P BSE SENSEX is down 2.2% over the year.

Current Valuations

At the current price of Rs 11.3, the price to book value (P/BV) ratio of ZEE MEDIA CORP. stands at 0.6 times.

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ZEE MEDIA CORP. Announces Quarterly Results (4QFY19); Net Profit Down 1796.3% (Quarterly Result Update)

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