TV Today Network Limited (TVTODAY)

Price	216.75 -5.30 (-2.39%)	52 Week High	313.50
ISIN	INE038F01029	52 Week Low	169.55
Industry	Broadcasting	Volume	161.5 T
Sector	Consumer Services	P/E Ratio TTM	20.87
Market Cap	13.2 B	1 Year Beta	1.46

TV Today Network Limited (TVTODAY), a leading media and entertainment company in India, has reported its financial results for the quarter ended June 30, 2023. The company’s consolidated net sales for the quarter grew by 2.11% year-on-year to Rs. 222.75 crore. This was driven by the strong performance of the company’s television news channels, radio stations, and newspaper publishing businesses.

The company’s consolidated EBITDA for the quarter grew by 1.97% year-on-year to Rs. 65.84 crore. This was due to the increase in net sales and the company’s focus on cost optimization.

The company’s profit after tax for the quarter stood at Rs. 40.59 crore, a decrease of 2.26% year-on-year. This was due to the increase in depreciation and amortization expenses.

The company’s earnings per share (EPS) for the quarter stood at Rs. 5.36, a decrease of 2.26% year-on-year. This was due to the decrease in profit after tax.

The company’s board of directors has recommended a dividend of Rs. 2.50 per share for the quarter.

Commenting on the results, Mr. Aroon Purie, Chairman and Managing Director, TV Today Network Limited, said, “We are pleased to report a steady growth in our financial performance for the quarter ended June 30, 2023. Our revenue growth was driven by the strong performance of our television news channels, radio stations, and newspaper publishing businesses. We are also pleased with the growth in our digital business. We are confident that we will continue to grow our business in the coming quarters.”

Mr. Purie further added that the company is focused on expanding its digital business and is investing in new technologies to improve its reach and engagement with its audience. The company is also expanding its presence in the regional markets and is launching new channels in Hindi, Tamil, and Telugu.

The company’s shares are currently trading at Rs. 270.20 on the Bombay Stock Exchange (BSE). The company’s market capitalization is Rs. 10,795.71 crore.

Key Highlights

Consolidated net sales grew by 2.11% year-on-year to Rs. 222.75 crore.
This was driven by the strong performance of the company’s television news channels, radio stations, and newspaper publishing businesses.
Consolidated EBITDA grew by 1.97% year-on-year to Rs. 65.84 crore.
This was due to the increase in net sales and the company’s focus on cost optimization.
Profit after tax stood at Rs. 40.59 crore, a decrease of 2.26% year-on-year.
This was due to the increase in depreciation and amortization expenses.
EPS stood at Rs. 5.36, a decrease of 2.26% year-on-year.
This was due to the decrease in profit after tax.
Board of directors recommended a dividend of Rs. 2.50 per share.

Outlook

TV Today Network Limited is a well-established media and entertainment company with a strong track record of growth. The company has a diversified portfolio of businesses, including television news channels, radio stations, and newspaper publishing. The company is also expanding its digital business. The company is well-positioned to continue to grow its business in the coming quarters.

In addition to the above, the company is also investing in new technologies to improve its content delivery and audience engagement. The company is also expanding its international footprint and is launching new channels in the Middle East and Africa.

The company is confident that it will continue to grow its business in the coming quarters and will deliver strong financial performance in the future.

TV Today Network Limited (TVTODAY) Chart

Technical Analysis of TV Today Network Limited (TVTODAY)

Moving Averages

Period	Simple	Exponential
MA 5	219.50	219.66
MA 10	222.59	221.06
MA 20	222.54	220.08
MA 30	216.97	217.83
MA 50	212.27	213.88
MA 100	204.03	211.12
MA 200	215.19	221.68

Moving Average Rating

Technical Indicators

Name	Value	Name	Value
Aroon Up (14)	14.29	Aroon Down (14)	92.86
MACD Level (12, 26)	2.39	MACD Signal (12, 26)	3.98
Relative Strength Index (7)	40.45	Relative Strength Index (14)	48.08
Stochastic %D (14 3 3)	18.35	Stochastic %K (14 3 3)	16.00
Stochastic RSI Fast (3, 3, 14, 14)	7.69	Stochastic RSI Slow (3, 3, 14, 14)	5.15
Bollinger Upper Band (20)	234.72	Bollinger Lower Band (20)	210.37
Keltner Channels Upper Band (20)	235.07	Keltner Channels Lower Band (20)	205.08
Donchian Channels Upper Band (20)	236.50	Donchian Channels Lower Band (20)	207.65
Ichimoku Conversion Line (9, 26, 52, 26)	224.30	Ichimoku Base Line (9, 26, 52, 26)	216.00
Ichimoku Leading Span A (9, 26, 52, 26)	203.82	Ichimoku Leading Span B (9, 26, 52, 26)	201.85
Positive Directional Indicator (14)	19.15	Negative Directional Indicator (14)	13.26
Volume Weighted Average Price	217.95	Volume Weighted Moving Average 20	224.18

Oscillator Rating

Oscillators

Awesome Oscillator	4.36
Ultimate Oscillator (7,14,28)	43.69
Money Flow (14)	59.23
Chaikin Money Flow (20)	0.01
Commodity Channel Index (20)	-72.31
Bull Bear Power	-5.11

High / Low

1 Month	236.50	207.65
3 Month	236.50	192.00
6 Month	236.50	169.55
52 Week	313.50	169.55
All Time	557.95	34.00

Volume

Volume	161.5 T
Average 10 D	186.1 T
Average 30 D	202.8 T
Average 60 D	162.2 T
Average 90 D	139,383.41

Change/Volatility

Change	-5.30 (-2.39%)
Change 1W	-5.05 (-2.28%)
Change 1M	-8.40 (-3.73%)
Volatility	3.23
Volatility W	2.99

Performance

Yesterday	-12.60
Weekly	-3.13
Monthly	2.53
3 Month	8.92
6 Month	14.05
Yearly	-26.38
5 Year	-46.63
All Time	14.08

Misc.

Average Day Range (14)	7.55
Average Directional Index (14)	28.32
Average True Range (14)	7.44
Williams Percent Range (14)	-90.60
Rate Of Change (9)	-4.73
Hull Moving Average (9)	217.51
Momentum (10)	-10.05
Parabolic SAR	232.70

PIVOT POINTS of TV Today Network Limited (TVTODAY)

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	141.47	178.42	201.78	215.37	238.73	252.32	289.27
Fibonacci	178.42	192.53	201.25	215.37	229.48	238.20	252.32
Camarilla	214.99	218.38	221.76	215.37	228.54	231.92	235.31
Woodie's	171.38	181.69	208.33	218.64	245.28	255.59	282.23
DeMark's	-	-	208.57	218.76	245.52	-	-

Financial Analysis of TV Today Network Limited (TVTODAY)

Income Statement

Basic EPS (FY)	14.79
Basic EPS (TTM)	10.39
EBITDA (Annual YoY Growth)	-45.15
EBITDA (Quarterly QoQ Growth)	-37.30
EBITDA (Quarterly YoY Growth)	-71.58
EBITDA (TTM)	974.3 M
EBITDA (TTM YoY Growth)	-59.58
EPS Diluted (Annual YoY Growth)	-51.39
EPS Diluted (FY)	14.79
EPS Diluted (MRQ)	1.50
EPS Diluted (Quarterly QoQ Growth)	50.09
EPS Diluted (Quarterly YoY Growth)	-74.95
EPS Diluted (TTM)	10.39
EPS Diluted (TTM YoY Growth)	-65.42
Free Cash Flow (Annual YoY Growth)	-76.68
Free Cash Flow Margin (FY)	6.33
Gross Profit (Annual YoY Growth)	-22.59
Gross Profit (FY)	3.9 B
Gross Profit (MRQ)	943.2 M
Gross Profit (Quarterly QoQ Growth)	-0.38
Gross Profit (Quarterly YoY Growth)	-11.22
Gross Profit (TTM YoY Growth)	-23.66
Last Year Revenue (FY)	8.8 B
Revenue (Annual YoY Growth)	-5.58
Revenue per Employee (FY)	3.5 M
Revenue (Quarterly QoQ Growth)	2.58
Revenue (Quarterly YoY Growth)	2.11
Revenue (TTM YoY Growth)	-6.52
Net Income (Annual YoY Growth)	-51.39
Net Income (FY)	882.4 M
Net Income (Quarterly QoQ Growth)	50.09
Net Income (Quarterly YoY Growth)	-74.95
Net Income (TTM YoY Growth)	-65.42
Total Revenue (FY)	8.8 B

Valuation

Enterprise Value/EBITDA (TTM)	13.59
Number of Employees	2,506.00
Number of Shareholders	50,560.00
Shares Float	23.4 M
Price to Book (FY)	1.56
Price to Earnings Ratio (TTM)	20.87
Price to Revenue Ratio (TTM)	1.46
Price to Sales (FY)	1.47
Total Shares Outstanding	59.7 M
Selling & Admin expenses Ratio (FY)	33.75
Selling & Admin expenses Ratio (TTM)	37.90

Balance Sheet

Total Assets (Annual YoY Growth)	-24.04
Total Debt (Annual YoY Growth)	7.67
Total Liabilities (FY)	2.5 B
Cash & Equivalents (FY)	229.9 M
Cash and short term investments (FY)	4.7 B

Operating Metrics

Dividends

Dividend Yield Forward	1.35
Dividends Paid (FY)	-4,176,800,000.00
Dividends per Share (FY)	3.00

Margins

Net Margin (FY)	10.05
Net Margin (TTM)	7.02
Gross Margin (FY)	44.82
Gross Margin (TTM)	44.26
Operating Margin (FY)	11.04
Operating Margin (TTM)	6.36
Pretax Margin (TTM)	9.65

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TV Today Network Limited (TVTODAY)

TV Today Network Limited (TVTODAY) Chart