Quarterly Results: TV Today Network Ltd
Bhagyashree Vivarekar / 02 Dec 2016
T.V. Today Network Ltd is currently trading at Rs 315.10, down by 3.05 points or 0.96% from its previous close of Rs 318.15 on the BSE. The net profit decreased further by 7.2% YoY to Rs 22.61 crore.
Technical View:
T.V. Today Network Ltd is currently trading at Rs 315.10, down by 3.05 points or 0.96% from its previous close of Rs 318.15 on the BSE.
The scrip opened at Rs 315 and has touched a high and low of Rs 318.7 and Rs 311, respectively. A total of 75304 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.
Standalone Results Q2FY17:
TV Today Network Ltd’s standalone Q2FY17 result were below Bloomberg estimates. The company's revenue was 5.5% lower than the estimate of Rs 140 crore. The net profit was 13% lower than the estimated figure of Rs 26 crore.
Its revenue for the quarter increased 5.1% YoY to Rs 132.3 crore. The company reported 6.3% YoY increase in its revenue from the TV broadcasting segment.
The company's EBITDA, however, decreased marginally by 2.4% YoY to Rs 36.92 crore and EBITDA margins contracted 216 bps to 27.9%. This was on account of 31.6% YoY increase in advertisement, distribution and sales promotion expenses.
The net profit decreased further by 7.2% YoY to Rs 22.61 crore. This was on the back of 19% YoY drop in other income as also 35% YoY rise in finance costs.
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