Share the post "TV Today Network announced Financial Results Q1 2024"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 39.97 % in the past year, substantial increase in net sales/revenue by 23.34 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 1.04 %. Marginal increase in other income during this quarter, up by 5.86%.
- Profit over the Year and quarter: Significant improvement in profitability for TV Today Network Limited. Notable increase of 485.19 % in net profit Year to Year, TV Today Network Limited’s profitability increased by 348.34 % in this quarter.
- EPS over the Year and quarter: EPS increased by 485.71 % Year to Year. EPS increased by 348.44 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 222.75 Cr | Rs. 252.79 Cr | Rs. 311.79 Cr | + 23.34 % | + 39.97 % |
Expenses | Rs. 209.32 Cr | Rs. 230.16 Cr | Rs. 242.39 Cr | + 5.31 % | + 15.8 % |
Operating Profit | Rs. 13.43 Cr | Rs. 22.63 Cr | Rs. 69.4 Cr | + 206.67 % | + 416.75 % |
OPM % | 6.03 % | 8.95 % | 22.26 % | + 13.31 % | + 16.23 % |
Other Income | Rs. 9.65 Cr | Rs. 9.21 Cr | Rs. 9.75 Cr | + 5.86 % | + 1.04 % |
Interest | Rs. 0.87 Cr | Rs. 0.84 Cr | Rs. 0.84 Cr | + 0 % | -3.45 % |
Depreciation | Rs. 10.19 Cr | Rs. 10.3 Cr | Rs. 9.35 Cr | -9.22 % | -8.24 % |
Profit before tax | Rs. 12.02 Cr | Rs. 20.7 Cr | Rs. 68.96 Cr | + 233.14 % | + 473.71 % |
Tax % | 26.96 % | 27.38 % | 25.49 % | -1.89 % | -1.47 % |
Net Profit | Rs. 8.78 Cr | Rs. 11.46 Cr | Rs. 51.38 Cr | + 348.34 % | + 485.19 % |
EPS in Rs | Rs. 1.47 | Rs. 1.92 | Rs. 8.61 | + 348.44 % | + 485.71 % |
Today, we’re looking at TV Today Network Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 39.97 %. However, it did see a marginal increase of 23.34 % from the previous quarter. Expenses ticked up slightly by 5.31 % quarter-on-quarter, aligning with the annual rise of 15.8 %. Operating profit, while up 416.75 % compared to last year, faced a quarter-on-quarter increase of 206.67 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 16.23 %, but an expansion of 13.31 % sequentially. Other income rose by 5.86 % compared to the last quarter, despite an annual growth of 1.04 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year decrease remains at a moderate -3.45 %. Depreciation costs fell by -9.22 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -8.24 %. Profit before tax grew annually by 473.71 % but saw an increase from the preceding quarter by 233.14 %.
Tax expenses as a percentage of profits decreased slightly by -1.47 % compared to last year, with a more notable quarter-on-quarter decrease of -1.89 %. Net profit rose by 485.19 % year-on-year but experienced a 348.34 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 485.71 % but a quarterly rise of 348.44 %. In summary, TV Today Network 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. 222.75 Cr | Rs. 252.79 Cr | Rs. 311.79 Cr | + 23.34 % | + 39.97 % |
Expenses | Rs. 209.32 Cr | Rs. 230.16 Cr | Rs. 242.39 Cr | + 5.31 % | + 15.8 % |
Operating Profit | Rs. 13.43 Cr | Rs. 22.63 Cr | Rs. 69.4 Cr | + 206.67 % | + 416.75 % |
Net Profit | Rs. 8.78 Cr | Rs. 11.46 Cr | Rs. 51.38 Cr | + 348.34 % | + 485.19 % |
EPS in Rs | Rs. 1.47 | Rs. 1.92 | Rs. 8.61 | + 348.44 % | + 485.71 % |
In reviewing TV Today Network Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 39.97 % year-on-year growth, however, there was a minor increase of 23.34 % from the previous quarter. Expenses rose by 15.8 % compared to the previous year, with a 5.31 % increase quarter-on-quarter. Operating Profit surged by 416.75 % annually, and saw a 206.67 % increase from the last quarter.
Net Profit showed yearly increase of 485.19 %, and experienced a 348.34 % increase from the previous quarter. Earnings Per Share (EPS) rose by 485.71 % annually, however rose by 348.44 % compared to the last quarter. In essence, while TV Today Network Limited exhibits strong annual growth 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.