ZEE MEDIA CORP. Announces Quarterly Results (3QFY19); Net Profit Up 124.7%

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ZEE MEDIA CORP. Announces Quarterly Results (3QFY19); Net Profit Up 124.7%
Mon, 28 Jan

ZEE MEDIA CORP. has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

ZEE MEDIA CORP. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,5921,6871,94215.2%22.0%
Other incomeRs m12202211.5%90.8%
TurnoverRs m1,6041,7071,96515.1%22.5%
ExpensesRs m1,2181,2781,3626.6%11.8%
Gross profitRs m37440958041.9%55.1%
DepreciationRs m1161261389.5%19.5%
InterestRs m37445117.0%38.2%
Profit before taxRs m23325941359.5%77.2%
TaxRs m1118313966.9%25.2%
Profit after taxRs m12217527456.0%124.7%
Gross profit margin%23.524.229.9
Effective tax rate%47.732.233.7
Net profit margin%7.610.313.9
* 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 22.0% on a year-on-year (YoY) basis. The expenses were up by 11.8% YoY during the same period.
  • The company's operating profit increased by 55.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.9% in 3QFY19 as against 23.5% in 3QFY18.
  • Depreciation charges increased by 19.5% and finance costs increased by 38.2% YoY, respectively.
  • Other income increased by 90.8% YoY during the quarter.
  • Net profit for the quarter increased by 124.7% YoY. Net profit margins during the quarter increased from 7.6% in 3QFY18 to 13.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.6% QoQ during the same period.
  • The company's operating profit increased by 41.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.9% in 3QFY19 as against 24.2% in 2QFY18.
  • Net profit for the quarter increased by 56.0% QoQ, while net profit margins increased from 10.3% in 2QFY18 to 13.9% in 3QFY19.

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 up from Rs 44.7 to Rs 17.7, registering a Loss of Rs 27.0 or around 60.4%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,298.3 (up 0.3%). Over the last one year it has moved up from 6,898.5 to 7,298.3, a gain of 400 points (up 5.8%).

Overall, the S&P BSE SENSEX is down 0.5% over the year.

Current Valuations

At the current price of Rs 17.7, the price to earnings (P/E) ratio of ZEE MEDIA CORP. stands at 6.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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For the quarter ended June 2019, ZEE MEDIA CORP. has posted a net profit of Rs 259 m (down 53.3% YoY). Sales on the other hand came in at Rs 2 bn (up 29.7% YoY). Read on for a complete analysis of ZEE MEDIA CORP.'s quarterly results.

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