TV Today Network Ltd's Q1FY19 standalone net profit rises 36.3% yoy to Rs41cr: Beats Estimates

TV Today Network Ltd’s revenue for Q1FY19 came in at Rs182cr, up 10.5% yoy and 0.4% qoq.

Aug 09, 2018 09:08 IST India Infoline News Service

TV Today Network Ltd
Standalone Results Q1FY19 (In Rs Cr)
Q1FY19 YoY (%)
Revenue 182 10.5
EBITDA 64 33.0
EBITDA margin (%) 34.95 592
Net Profit (adjusted) 41 36.3
***EBITDA margin change in bps

TV Today Network Ltd’s revenue for Q1FY19 came in at Rs182cr, up 10.5% yoy and 0.4% qoq. EBITDA for the quarter came in at Rs64cr, up 33% yoy and 21.5% qoq. EBITDA margin expanded by 592bps yoy and expanded by 606bps qoq to 34.95%. The adjusted net profit for the quarter stood at Rs41cr, up 36.3% yoy and 25.7% qoq. Revenue and adjusted net profit were above estimates of Rs178cr and Rs34cr, respectively.

• The Television broadcasting segment and Other segment’s (Digital + Publishing) revenue grew 10.3% and 25.1% yoy to Rs159cr and Rs17cr, respectively, driving overall revenue growth.
• Revenue from the Radio segment declined 15.4% yoy to Rs6cr.
• Production cost stood at 9.4% of revenue vs. 10.7% yoy, aiding EBITDA margin expansion.
• Other expenses stood at 26.8% of sales vs. 32.6% yoy, driving profitability.
• EBIT margin for the Television broadcasting business stood at 36% vs. 28.7% yoy. Further, EBIT losses of the Radio business came down to Rs1cr vs. Rs2cr yoy.

T.V. Today Network Ltd is currently trading at Rs439 up by Rs4.95 or 1.14% from its previous closing of Rs434.05 on the BSE. The stock is currently trading above its 200 DMA.

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