Mumbai, January 30, 2025
TV Vision Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company continues to face significant financial headwinds, with persistent losses and an uncertain going concern status.
Stock performance will largely depend on the company’s ability to restructure its debt, reduce operating expenses, and improve revenue generation in upcoming quarters.
TV Vision Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company continues to face significant financial headwinds, with persistent losses and an uncertain going concern status.
Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 (Dec '24) | Q2 FY25 (Sep '24) | Q3 FY24 (Dec '23) | 9M FY25 (Dec '24) | 9M FY24 (Dec '23) | FY24 (Mar '24) |
|---|---|---|---|---|---|---|
| Income from Operations | 972.23 | 1,260.48 | 1,242.78 | 4,415.98 | 4,404.24 | 5,836.16 |
| Other Income | 129.73 | 0.72 | 130.57 | 0.95 | 22.64 | 138.74 |
| Total Income | 1,101.96 | 1,261.20 | 1,242.78 | 4,546.55 | 4,405.19 | 5,858.80 |
| Total Expenses | 1,761.51 | 1,787.70 | 2,128.34 | 6,432.99 | 6,226.94 | 8,232.48 |
| EBITDA | (268.64) | (140.04) | (443.13) | (722.18) | (475.44) | (702.53) |
| Finance Cost | 17.68 | 13.15 | 16.68 | 47.79 | 73.87 | 98.62 |
| Depreciation & Amortization | 373.23 | 373.30 | 425.75 | 1,116.48 | 1,272.45 | 1,693.53 |
| Net Profit / (Loss) after Tax | (659.55) | (526.49) | (885.56) | (1,886.45) | (1,821.76) | (2,374.67) |
| EPS (₹) - Basic & Diluted | (1.70) | (1.36) | (2.29) | (4.87) | (4.70) | (6.13) |
Financial & Operational Analysis
- Revenue declined YoY for Q3 FY25 to ₹972.23 lakh, compared to ₹1,242.78 lakh in Q3 FY24, reflecting weak operational performance.
- Net loss for the quarter was ₹659.55 lakh, signaling continued financial distress.
- Operating expenses remain high, with no significant cost optimizations visible in the financials.
- Depreciation & amortization remains elevated at ₹373.23 lakh, continuing to impact profitability.
Key Observations & Auditor’s Concerns
The company continues to operate under significant financial distress, with negative equity, high liabilities, and bank loan defaults.Going Concern Risks
The auditors have raised concerns regarding:- Loans recalled by secured lenders.
- Current liabilities exceeding assets.
- Ongoing recovery proceedings, including DRT cases.
- Symbolic possession of collateral properties.
- Substantial accumulated losses leading to negative total equity.
Accounting & Compliance Issues
- No provision made for bank interest or penalties (₹346.70 lakh estimated understatement in financial liabilities).
- Doubtful valuations of investments in subsidiaries and associate companies, leading to overstated assets.
- Impairment concerns over ₹3,082.72 lakh in business and commercial rights, with no revenue generation from these assets.
- Unaccounted interest on overdue vendor payments, which could further increase liabilities.
Strategic Outlook & Challenges
- Business continuity remains uncertain due to financial distress and regulatory challenges.
- No clear turnaround strategy has been outlined to address the worsening financial position.
- Auditors express doubts over the company’s ability to sustain operations in the foreseeable future.
Conclusion
TV Vision Limited remains in a critical financial state, with consistent losses, negative net worth, and increasing liabilities. Investor confidence is likely to be adversely impacted, given the multiple red flags highlighted by auditors.Stock performance will largely depend on the company’s ability to restructure its debt, reduce operating expenses, and improve revenue generation in upcoming quarters.
Attachments
Last edited: