T.V. Today Network's Q2 FY25 Financial Results Show Mixed Performance, Investors Advised to Analyze Carefully

T.V. Today Network, a smallcap company in the TV broadcasting and software industry, recently declared its financial results for the quarter ending September 2024. The stock has been given a ‘Sell’ call by MarketsMOJO.

The company’s financial performance for the quarter has been negative, with a score of -7 compared to 26 in the previous quarter. However, there are some positive aspects to the financials. The company’s cash and cash equivalents have increased to Rs 325.37 crore, the highest in the last six half yearly periods, indicating an improvement in short term liquidity.

On the other hand, there are some areas of concern for T.V. Today Network. The net sales for the quarter have fallen by 20.6% to Rs 206.77 crore, which is lower than the average net sales of the previous four quarters. This indicates a negative trend in near term sales. Similarly, the profit before tax less other income (PBT) has also fallen by 104.5% to Rs -1.14 crore, compared to the average PBT of the previous four quarters. The profit after tax (PAT) has also seen a decline of 67.7% to Rs 8.27 crore, indicating a negative trend in near term PAT.

The company’s operating cash flow has also been on a downward trend, with the lowest at Rs 15.11 crore in the last three years. The net sales and operating profit (PBDIT) for the quarter have also been the lowest in the last five quarters, indicating a negative trend. The operating profit margin has also decreased to 4.35%, showing a deterioration in the company’s efficiency. The non-operating income for the quarter is 109.95% of the PBT, which is a cause for concern as it indicates a high income from non-business activities. The non-operating income has also been the highest in the last five quarters, which may not be sustainable.

Overall, T.V. Today Network’s financial performance for the quarter has been negative, with some areas of improvement and some areas of concern. Investors should carefully consider these factors before making any investment decisions.