Share the post "Hindustan Media Ventures : Q1 2024 Financial Quarterly Report : YoY Sales Down 3.79 %, QoQ Down 13.76 %"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -3.79 % over the year, decrease in net sales/revenue by -13.76 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -10.48 %, Marginal decrease of -10.36% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Hindustan Media Ventures Limited. Profit dropped by -92.84 % Year to Year, Hindustan Media Ventures Limited’s profitability dropped by -96.85 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -92.42 % Year to Year. EPS decreased by -96.69 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 168.56 Cr | Rs. 188.05 Cr | Rs. 162.18 Cr | -13.76 % | -3.79 % |
| Expenses | Rs. 180.33 Cr | Rs. 209.43 Cr | Rs. 180.41 Cr | -13.86 % | + 0.04 % |
| Operating Profit | Rs. -11.77 Cr | Rs. -21.38 Cr | Rs. -18.23 Cr | + 14.73 % | -54.89 % |
| OPM % | -6.98 % | -11.37 % | -11.24 % | + 0.13 % | -4.26 % |
| Other Income | Rs. 30.06 Cr | Rs. 30.02 Cr | Rs. 26.91 Cr | -10.36 % | -10.48 % |
| Interest | Rs. 2.81 Cr | Rs. 3.7 Cr | Rs. 1.95 Cr | -47.3 % | -30.6 % |
| Depreciation | Rs. 6.7 Cr | Rs. 6.55 Cr | Rs. 6.36 Cr | -2.9 % | -5.07 % |
| Profit before tax | Rs. 8.78 Cr | Rs. -1.61 Cr | Rs. 0.37 Cr | + 122.98 % | -95.79 % |
| Tax % | 44.31 % | -789.44 % | 5.41 % | + 794.85 % | -38.9 % |
| Net Profit | Rs. 4.89 Cr | Rs. 11.1 Cr | Rs. 0.35 Cr | -96.85 % | -92.84 % |
| EPS in Rs | Rs. 0.66 | Rs. 1.51 | Rs. 0.05 | -96.69 % | -92.42 % |
Today, we’re looking at Hindustan Media Ventures Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -3.79 %. However, it did see a marginal slip of -13.76 % from the previous quarter. Expenses decreased slightly by -13.86 % quarter-on-quarter, aligning with the annual rise of 0.04 %. Operating profit, while down -54.89 % compared to last year, faced a quarter-on-quarter increase of 14.73 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -4.26 %, but an expansion of 0.13 % sequentially. Other income fell by -10.36 % compared to the last quarter, despite an annual decline of -10.48 %. Interest expenses dropped significantly by -47.3 % from the previous quarter, yet the year-over-year decrease remains at a moderate -30.6 %. Depreciation costs fell by -2.9 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -5.07 %. Profit before tax declined annually by -95.79 % but saw an increase from the preceding quarter by 122.98 %.
Tax expenses as a percentage of profits decreased slightly by -38.9 % compared to last year, with a more notable quarter-on-quarter increase of 794.85 %. Net profit fell by -92.84 % year-on-year but witnessed a -96.85 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -92.42 % but a quarterly fall of -96.69 %. In summary, Hindustan Media Ventures Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 168.56 Cr | Rs. 188.05 Cr | Rs. 162.18 Cr | -13.76 % | -3.79 % |
| Expenses | Rs. 180.33 Cr | Rs. 209.43 Cr | Rs. 180.41 Cr | -13.86 % | + 0.04 % |
| Operating Profit | Rs. -11.77 Cr | Rs. -21.38 Cr | Rs. -18.23 Cr | + 14.73 % | -54.89 % |
| Net Profit | Rs. 4.89 Cr | Rs. 11.1 Cr | Rs. 0.35 Cr | -96.85 % | -92.84 % |
| EPS in Rs | Rs. 0.66 | Rs. 1.51 | Rs. 0.05 | -96.69 % | -92.42 % |
In reviewing Hindustan Media Ventures Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -3.79 % year-on-year, although there was a slight dip of -13.76 % from the previous quarter. Expenses rose by 0.04 % compared to the previous year, with a decrease of -13.86 % quarter-on-quarter. Operating Profit dropped by -54.89 % annually, and saw a 14.73 % increase from the last quarter.
Net Profit showed yearly decrease of -92.84 %, and experienced a -96.85 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -92.42 % annually, however dipped by -96.69 % compared to the last quarter. In essence, while Hindustan Media Ventures Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
