Monday, May 10, 2010

HT MEDIA LIMITED IMPROVES WELL IN Q4 OF FY10



HT Media Limited
FY 09 VS FY 10
RESULTS COMPARISON
ANNUAL RESULTS REVIEW  (NON-CONSOLIDATED)

Net Sales has come down from Rs.1323.04 Cr to Rs.1263.11 Cr YOY.


However,  raw material consumption has drastically come down from  Rs.540.20 Cr to Rs. 410.32 Cr YOY. Consequently total expenditure has come down from  Rs. 1192.75 Cr to Rs.1057.56 Cr YOY.


Net Profit has gone up from Rs. 85.23 Cr to Rs. 124.77 Cr YOY. Basic EPS has been boosted from 3.64 to 5.32 YOY on a face value of Rs.2. The company has increased dividend from 15% to 18% YOY.


At the current Market price of rs.153.65, the PE ratio comes to 28.88.


However, the 4th Qtr EPS has been 1.81. If this is annualized, the next annual EPS (forward earnings) may be around 7.24, on which current MP yields a PE ratio of 20.38.

QUARTERLY RESULT REVIEW (NON CONSOLIDATED)

For Last 5 Qtrs :
Q/E : 03/10:: 12/09::09/09::06/09::03/09

Net Sales/Income  :: 26530::32271::34705::32805::33382
Total Expenditure :: 20666 :: 26857 :: 29992 :: 28239 :: 30916
Net Profit ::  4257 :: 1842 :: 3141 :: 3240 :: 2343
Basic EPS :: 1.81 ::0.78 :: 1.34 :: 1.38 :: 1


ANNUAL RESULTS IN NUMBERS
FY 09  VS FY 10
(AUDITED,CUMULATIVE,NON-CONSOLIDATED)
FY09(Rs. in lakhs):: Description :: FY09(Rs. in lakhs)
132304  Net Sales ::         126311
1296       Other Operating Income :: 1984
-10          Increase/Decrease in SIT & WIP :: -49
54020    Consumption of Raw Materials :: 41032
20358    Employees Cost   :: 20818
5501       Depreciation ::  6379
39406    Other Expenditure :: 37576
119275  Total Expenditure :: 105756
14325    Profit from Operations ::  22539
2177       Other Income    :: 1617
16502    P.B.I.&EI :: 24156
3169       Interest                :: 2573
13333    P.A.I.(but before Exceptional Items):: 21583
1882       Exceptional items :: 3587
11451    P B T  ::  17996
2928       Tax Expense :: 5519
8523       P A T  :: 12477
8523       Net Profit :: 12477
15           Dividend (%) ::  18
2             Face Value (in Rs.) :: 2
4685       Paid-up Equity  ::  4700
85461    Reserves ::  96186
3.64        Basic EPS :: (in Rs.)  ::      5.31
3.64        Diluted EPS ::  (in Rs.) :: 5.31

QUARTERLY RESULTS IN NUMBERS
 (UNAUDITED,NON-CUMULATIVE, NON-CONSOLIDATED)
Q4 FY10,Q3, Q2. Q1. Q4 FY 09 

Net Sales  ::26530::32271::34705::32805::33382
Raw Materials::6706::9759::12278::12289::12825
Employees Cost  :: 4477 :: 5122 :: 5488 :: 5730 :: 5942
Total Exp:: 20666 :: 26857 :: 29992 :: 28239 :: 30916
Net Profit ::  4257 :: 1842 :: 3141 :: 3240 :: 2343
Dividend (%)     18 ::  - ::  - :: -  :: 15
Face Value (In Rs::2  :: 2 :: 2  :: 2 :: 2
Paid Up Equity :: 4700 :: 4700 :: 4700 :: 4700 :: 4685
Basic EPS :: 1.81 ::0.78 :: 1.34 :: 1.38 :: 1


ANNOUNCEMENTS BY COMPANY TO THE EXCHANGE

10-05-2010          Ht Media Limited has informed the Exchange that the Board of Directors at its meeting held on May 10, 2010, have recommended a Dividend on Equity Shares of Rs. 2/- each @ Re. 0.36 per Equity Share (18%) for the year, amounting to Rs. 846.08 lacs (excluding Dividend Distribution Tax of Rs. 140.52 lacs) for approval of the shareholders.                  -


05-03-2010          Ht Media Limited has informed the Exchange that "Hindustan Media Ventures Limited, a subsidiary of our Company, has filed a Draft Red Herring Prospectus dated 5th March, 2010 with SEBI, with respect to its proposed initial public offering of Equity Shares of Rs.10/- each for cash at a price including share premium, aggregating up to Rs.3000 million".




OTHER NEWS :

Advertising and circulation revenues are improving well from the 4th Quarter.


We re-launched Hindustan Times as a young brand and also expanded the reach of Hindi Hindustan and Mint (the business paper), which is a strategy that has worked for us, said the company.

For the year ahead, we would invest about Rs 68-70 crore for further expanding the HT, Hindustan and Mint brand as well as for maintenance of our capital assets, said the company

For the year ahead, the company said, "We will continue to outperform competitors. There is buoyancy in terms of advertisements and the market should grow."


"Our online business, with DesiMartini.Com and Shine.Com has seen tremendous response from the market even when amid the slowdown. We are keenly studying the opportunities in the digital space around education and entertainment," the company said.

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