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Breaking News :  Sun TV Q1 unaffected by political climate, net jumps 19% to Rs 197.28 cr
Saturday 01-August-2015, 06:53,
Sun TV Q1 unaffected by political climate, net jumps 19% to Rs 197.28 cr
MUMBAI: Even as the Sun Group awaits
security clearance from the Ministry
of Home Affairs (MHA), the Kalanithi
Maran-owned Sun TV Network has put
up a good show in the fiscal first
quarter.
While its topline was impacted by the
group’s IPL franchise Sunrisers
Hyderabad, consolidated net profit
grew 19.1 per cent to Rs 197.28 crore
(Rs 1.97 billion) compared to Rs
165.64 crore (Rs 1.66 billion) a year
ago.
The first quarter also saw the total
income from operations rising 9.1 per
cent (with IPL revenue) to Rs 691.1
crore (Rs 6.91 billion) compared to Rs
633.6 crore (Rs 6.34 billion) a year
ago.
Excluding the revenue from IPL
franchise Sunrisers Hyderabad,
revenue jump was at 14 per cent to Rs
594.54 crore (Rs 5.94 billion), as
against Rs 520.17 crore (Rs 5.20
billion) in the corresponding quarter
of the previous fiscal.
Sun TV’s ad revenue was up 15.7 per
cent to Rs 323.9 crore (Rs 3.24
billion), from Rs 280 crore (Rs 2.80
billion) in the earlier-year period. Its
revenue from DTH and analogue cable
stood at Rs 139.8 crore (Rs 1,398
million) and Rs 54.2 crore (Rs 542
million) respectively.
While net sales was up 9.1 per cent,
Sun TV Network’s expenses saw a 6
per cent increase to Rs 281.9 crore
(Rs 2.82 billion), from Rs 265.9 crore
(Rs 2.66 billion) a year ago.
Transmission and programming cost
surged 21.2 per cent, while employee
cost increased 19.1 per cent.
Sun TV’s EBITDA was up 11.3 per cent
to Rs 409.2 crore (Rs 4.09 billion),
while EBITDA margin stood at 59.2 per
cent.
IPL franchise’s loss increases
Sunrisers Hyderabad, the company’s
IPL franchise, reported operating loss
of Rs 60.2 crore (Rs 602 million) in
the quarter as against Rs 45.3 crore
(Rs 453 million) in the earlier year.
Revenue also fell 11 per cent to Rs
96.6 crore (Rs 966 million) in the
June quarter, compared to Rs 113.4
crore (Rs 1.13 billion) a year ago.
On the BSE, the Sun TV counter closed
Friday’s session at Rs 336.55 per
share, up 8.93 per cent.
http://www.televisionpost.com/television...197-28-cr/
ANIL G
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