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

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ZEE MEDIA CORP. Announces Quarterly Results (4QFY19); Net Profit Down 1796.3%
Thu, 16 May

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

ZEE MEDIA CORP. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,7981,9421,694-12.8%-5.8%
Other incomeRs m282256150.2%99.3%
TurnoverRs m1,8261,9651,749-11.0%-4.2%
ExpensesRs m1,5951,3621,305-4.2%-18.2%
Gross profitRs m202580-645-211.1%-418.7%
DepreciationRs m12013816317.8%35.4%
InterestRs m525151-0.6%-2.7%
Profit before taxRs m58413-802-294.3%-1488.1%
TaxRs m713965-53.7%862.7%
Profit after taxRs m51274-867-416.7%-1796.3%
Gross profit margin%11.229.9-38.1
Effective tax rate%11.633.7-8.0
Net profit margin%2.813.9-49.6
* 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 fell 5.8% on a year-on-year (YoY) basis. The expenses were down by 18.2% YoY during the same period.
  • The company's operating profit declined by 418.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 38.1% in 4QFY19 as against 11.2% in 4QFY18.
  • Depreciation charges increased by 35.4% and finance costs declined by 2.7% YoY, respectively.
  • Other income increased by 99.3% YoY during the quarter.
  • Net profit for the quarter declined by 1796.3% YoY. Net profit margins during the quarter declined from 2.8% in 4QFY18 to -49.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.2% QoQ during the same period.
  • The company's operating profit declined by 211.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 38.1% in 4QFY19 as against 29.9% in 3QFY18.
  • Net profit for the quarter declined by 416.7% QoQ, while net profit margins declined from 14.0% in 3QFY18 to -49.6% in 4QFY19.

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 34.5 to Rs 13.0, registering a Loss of Rs 21.5 or around 62.4%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,566.1 (up 0.6%). Over the last one year it has moved up from 6,892.8 to 7,566.1, a gain of 673 points (up 9.8%).

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 13.0, the price to earnings (P/E) ratio of ZEE MEDIA CORP. stands at 34.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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