Q1-17: Sun TV revenue up 10.4 percent, PAT up 19 percent

MUMBAI: Sun TV Network Limited (Sun TV) reported 10.4 per cent growth in Total Income from Operations (TIO) and 19 percent growth in profit after tax (PAT) for the quarter ended 30 June 2016 (Q1-17, current quarter) as compared to the corresponding year ago quarter. 

TIO in Q1-17 was Rs 760.83 crore as compared to Rs 689.45 crore in Q1-16. The company?s PAT in the current quarter was Rs 233.06 crore (30.6 percent PAT margin) in Q1-17 and was Rs 195.82 crore (28.4 percent PAT margin) in the corresponding quarter of the previous year.

The company claims that its year-over-year (y-o-y) subscription revenue has gone up by approximately 22 percent in the current quarter to Rs 232.13 crore and its DTH subscription revenue has grown by 16 percent y-o-y.

Sun TV EBIDTA in the current quarter was Rs 436.43 crore (57.4 percent EBIDTA margin) 7.2 percent higher as compared to Rs 406.93 crore (59 percent EBIDTA margin) in Q1-16.

Total Expenditure (TE) in the current quarter increased 3 percent to Rs 425.17 crore (55.9 percent of TIO) as compared to Rs 412.69 crore (59 percent of TIO) in the corresponding quarter of the previous year.

Employee Benefits Expense (EBE) in Q1-17 increased 10.6 percent to Rs 60.30 crore (7.9 percent of TIO) as compared to Rs 56.92 crore (10 percent of TIO) in Q1-16.

Other expenses (OE) in the Q1-17 was 39.8 percent higher at Rs 128.96 crore (16/9 percent of TIO) as compared to Rs 92.22 crore (13.4 percent of TIO) in the corresponding quarter of the previous year.

IPL Franchisee Sun Risers Hyderabad

Sun TV has paid franchisee fees for its IPL team SunRisers Hyderabad (SRH) of Rs 85.48 crore in Q1-17 as compared to Rs 85.05 crore in the first quarter of FY-16.

The company says that it?s IPL franchisee?s income in Q1-17of Rs 144.04 crore as compared to Rs 96.55 crore in Q1-16.  Sun Risers Hyderabad has incurred costs of Rs 175.84 crore in the current quarter as compared to Rs 153.16 crore in Q1-16.

Note: The unit of currency in this report is the Indian rupee - Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

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