Hindustan Media Ventures Ltd (NSE:HMVL) Q2 2020 Earnings Conference Call - Final Transcript

Nov 04, 2019 • 07:00 am ET

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Hindustan Media Ventures Ltd (NSE:HMVL) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Unidentified Speaker

Hello, everyone, and welcome to our Earnings Webcast and Conference Call for Second Quarter and the Half Yearly Results by FY '19- '20. Joining me today on the call is Mr. Piyush Gupta, our Group CFO, Mr. Rajeev Beotra, ED Revenue. Mr. Samudra Bhattacharya, who has been appointed as the CEO of Hindustan Media Ventures Limited, Mr. Sandeep Gulati, CFO of Hindustan Media Ventures Limited, Mr. Pervez Bajan, Group Controller and my colleagues from the Investor Relations team.

You would have gone through the financial results for Hindustan Media Ventures Limited and HT Media Limited. Our remarks today will track for the presentation on webcast, which is also available on the Investor Relations section of our website. We will now start the presentation, and I would like to draw your attention to Slide number 2, which has the disclaimer regarding forward-looking statements. You are requested to give your regards to the same in other statements that we will make today.

Moving on to Slide 3. This gives our Chairperson's comments on the performance of the company, which highlights the impact of broader economic slowdown on ad spend, which has affected the performance of our Print and Radio businesses. Nevertheless, low newsprint prices and a sharp focus on cost control have resulted in better operating profits despite the muted revenue. She further states that our Shine business has shown good progress during this quarter and expresses cautious optimism in the outlook, given the macroeconomic slowdown.

I will now hand over the call to Mr. Piyush Gupta to take you through the highlights of the results, further to which we will open the floor for question and answers.

Executive
Piyush Gupta

Thanks, Anna Phonetic]. Good afternoon, everyone, and thanks for joining our call. I'll quickly take you through our financial performance, which we put on the webcast. So, if I may move to Slide number 5, which is the consolidated performance of the Group. As you can see, our revenues have on an overall basis grown by 2%, and our EBITDA has grown substantially by more than doubling themselves out to INR81 crores as against INR31 crores in the same period last year. EBITDA margin, therefore, has improved quite significantly to 14%, and PAT margins come down to a minus 4% from minus 8%. Some of you have requested us to publish the net cash number as you know, in this quarter, we would be publishing our balance sheet and cash flow. But for the investor presentation, we've just captured the number here. So, our net cash on a consolidated basis comes at INR1,153 crores as against INR1,071 crores in the same period last year. There's commentary on the right-hand side, which explains the stuff that I've spoken about. If I may move forward to the next slide and come to the business unit performance. First, going on to the Print. So, our overall Print business has de-grown by 6% and has come at INR342 crores as against INR363 crores in the last year, a decline