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Highlights
- Sales over the Year and quarter: The company’s sales declined by -3.03 % over the year, substantial increase in net sales/revenue by 29.83 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -21.02 %, Marginal decrease of -1.08% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Network18 Media & Investments Limited. Profit dropped by -777.44 % Year to Year, Network18 Media & Investments Limited’s profitability dropped by -4.5 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 167.57 % Year to Year. EPS increased by 6.45 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 3238.94 Cr | Rs. 2419.28 Cr | Rs. 3140.92 Cr | + 29.83 % | -3.03 % |
Expenses | Rs. 3323.36 Cr | Rs. 2609 Cr | Rs. 3289.35 Cr | + 26.08 % | -1.02 % |
Operating Profit | Rs. -84.42 Cr | Rs. -189.72 Cr | Rs. -148.43 Cr | + 21.76 % | -75.82 % |
OPM % | -2.61 % | -7.84 % | -4.73 % | + 3.11 % | -2.12 % |
Other Income | Rs. 220.84 Cr | Rs. 176.32 Cr | Rs. 174.41 Cr | -1.08 % | -21.02 % |
Interest | Rs. 68.29 Cr | Rs. 114.08 Cr | Rs. 150.37 Cr | + 31.81 % | + 120.19 % |
Depreciation | Rs. 40.67 Cr | Rs. 69.37 Cr | Rs. 69.74 Cr | + 0.53 % | + 71.48 % |
Profit before tax | Rs. 27.46 Cr | Rs. -196.85 Cr | Rs. -194.13 Cr | + 1.38 % | -806.96 % |
Tax % | -285 % | -4.74 % | -1.6 % | + 3.14 % | + 283.4 % |
Net Profit | Rs. 29.17 Cr | Rs. -206.92 Cr | Rs. -197.61 Cr | + 4.5 % | -777.44 % |
EPS in Rs | Rs. 0.37 | Rs. -0.93 | Rs. -0.99 | -6.45 % | -367.57 % |
Today, we’re looking at Network18 Media & Investments 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 -3.03 %. However, it did see a marginal increase of 29.83 % from the previous quarter. Expenses ticked up slightly by 26.08 % quarter-on-quarter, aligning with the annual decline of -1.02 %. Operating profit, while down -75.82 % compared to last year, faced a quarter-on-quarter increase of 21.76 %, 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 -2.12 %, but an expansion of 3.11 % sequentially. Other income fell by -1.08 % compared to the last quarter, despite an annual decline of -21.02 %. Interest expenses surged remarkably by 31.81 % from the previous quarter, yet the year-over-year increase remains at a moderate 120.19 %. Depreciation costs climbed by 0.53 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 71.48 %. Profit before tax declined annually by -806.96 % but saw an increase from the preceding quarter by 1.38 %.
Tax expenses as a percentage of profits increased slightly by 283.4 % compared to last year, with a more notable quarter-on-quarter increase of 3.14 %. Net profit fell by -777.44 % year-on-year but experienced a 4.5 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -367.57 % but a quarterly fall of -6.45 %. In summary, Network18 Media & Investments 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. 3238.94 Cr | Rs. 2419.28 Cr | Rs. 3140.92 Cr | + 29.83 % | -3.03 % |
Expenses | Rs. 3323.36 Cr | Rs. 2609 Cr | Rs. 3289.35 Cr | + 26.08 % | -1.02 % |
Operating Profit | Rs. -84.42 Cr | Rs. -189.72 Cr | Rs. -148.43 Cr | + 21.76 % | -75.82 % |
Net Profit | Rs. 29.17 Cr | Rs. -206.92 Cr | Rs. -197.61 Cr | + 4.5 % | -777.44 % |
EPS in Rs | Rs. 0.37 | Rs. -0.93 | Rs. -0.99 | -6.45 % | -367.57 % |
In reviewing Network18 Media & Investments Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -3.03 % year-on-year, however, there was a minor increase of 29.83 % from the previous quarter. Expenses decreased by -1.02 % compared to the previous year, with a 26.08 % increase quarter-on-quarter. Operating Profit dropped by -75.82 % annually, and saw a 21.76 % increase from the last quarter.
Net Profit showed yearly decrease of -777.44 %, and experienced a 4.5 % increase from the previous quarter. Earnings Per Share (EPS) fell by -367.57 % annually, however dipped by -6.45 % compared to the last quarter. In essence, while Network18 Media & Investments 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.