Television
×

Sun TV moots 50% interim dividend as numbers jump in Q2

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2018/11/04/suntv-network.jpg?itok=xDc0ak8x

BENGALURU: Sun TV Network Ltd (Sun TV) reported improved year-on-year (y-o-y) standalone numbers across all important parameters for the quarter ended 30 September 2018 (Q2 2019, quarter or period under review) as compared to the corresponding quarter of the previous year (Q2 2018). The company reported 13.8 percent higher y-o-y standalone total income in the quarter under review at Rs 811.67 crore as compared to Rs 713.13 crore in Q2 2018. Standalone operating revenue increased 10.9 percent y-o-y to Rs 749.55 crore in Q2 2019 from Rs 675.90 crore in Q2 2018.The board of directors of the company has declared an interim dividend of 50 percent (Rs 2.50 per equity share) for the quarter under review as compared to100 percent or Rs 5 per equity share of face value of Rs 5 each in the immediate trailing quarter Q1 2019. This means that during the six month period ending 30 September 2018 (H1 2019), the company has declared dividends to the extent of 150 percent.

The company has stated in its earnings release that standalone subscription revenue at Rs 311.27 crore was up 21.33 percent y-o-y.
 

The company’s standalone profit after tax or PAT in Q2 2019 improved 23.4 percent y-o-y to Rs 351.32 crore as compared to Rs 284.67 crore in Q2 2019.

Sun TV standalone EBITDA in Q2 2019 was Rs 553.97 crore (70.5 percent of operating revenue), 11.8 percent higher as compared to Rs 495.69 crore (63 percent of operating revenue) in Q1 2018. Total comprehensive income or TCI for the quarter under review was up 23.4 percent y-o-y at Rs 351.38 crore as compared to Rs 284.73 crore in Q2 2018.

Total Expenditure (TE) during the period under review reduced 1.7 percent y-o-y to Rs 278.04 crore as compared to Rs 283.96 crore in the corresponding quarter of the previous year.

Operating expense in Q2 2019 incresed 40.6 percent y-o-y to Rs 90.11 crore from Rs 64.08 crore in the corresponding quarter of the previous year. Employee Benefits Expense in Q2 2019 reduced 5.1 percent y-o-y to Rs 73.47 crore as compared to Rs 77.39 crore in Q2 2018. Other expenses (OE) in the Q2 2019 reduced 16.5 percent to Rs 32 crore as compared to Rs 38.34 crore in the corresponding quarter of the previous year.
 

SunRisers Hyderabad adds to operating profits of Sun TV
 

Sun TV paid 16.6 percent lower IPL Franchisee Fees in H1 2019 at Rs 71.33 crore as compared to Rs 85.48 crore in H1 2019. Sun TV’s IPL franchise had turned operationally profitable as per the notes in Sun TV’s financial statement  for Q1 2019. The company has included income of Rs 386.28 crore from Sun Risers Hyderabad and costs incurred on it of Rs 187.20 crore in its H1 2019 numbers. Corresponding numbers for Sun Risers Hyderabad for the year ago half year (H1 2018) were income of Rs 143.20 crore and costs of Rs 165.82 crore.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/19/BARC.jpg?itok=6hNM0QtI
Four news genres saw no change in BARC week 2

All the four genres apart from Hindi news urban market saw no change in second week of the year. Aaj Tak continued to groove on the same tracks in the rural, urban and U+R genres as it did the previous year. India TV and News18 India interchanged their positions in the Hindi news urban market.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/19/Kapil_Sharma_Show.jpg?itok=SXRBwXr7
Sony Entertainment Television leads urban areas in week 2 of BARC

Sony Entertainment Television jumped to second position to fifth position as compared to the previous week in the Hindi (U+R) genre in Broadcast Audience Research Council (BARC) data for week 2 of 2018. Zee Anmol retained its first position in the rural market. Sony Entertainment Television and...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/aaj.jpg?itok=WTXjyKeT
Aaj Tak becomes the world’s first News Channel to be awarded YouTube’s ‘Diamond Play Button’

India’s No.1 news channel Aaj Tak creates history yet again! The prestigious ‘Diamond Play Button’ bestowed by YouTube, recognises Aaj Tak as the global no.1, the first and the only news channel in the world to have crossed the 10 Million Subscriber mark.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/news.jpg?itok=PDqQIFhw
News18 India launches campaign; asserts channel’s leadership

News18 India, Network18’s general Hindi news channel, recently launched a campaign with a humorous and quirky film to drive home its leadership position in the crucial primetime band in the highly competitive Hindi TV news segment.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/flix.jpg?itok=1RgvxTpA
Join Drac’s Pack on their cruise as &flix presents its next #FlixFirstPremiere ‘Hotel Transylvania 3: Summer Vacation’

It is seldom that you get to see the hilarious side to a monster trying to get himself a date with the help of a technological app like Siri! Have you ever seen a monster film that is full of fun, frolic, laughter, romance and adventure?

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/9xm.jpg?itok=ZerfjJqA
9XM On Stage with Salim Sulaiman

To celebrate the Republic Day week, 9XM - India’s most popular Bollywood music destination announces the launch of 9XM On Stage a splendid musical night created in honour of the Indian Armed Forces.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/pritam.jpg?itok=tVS2_5SL
Prime Focus joins hands with Pritam and Kwan to create JAM8

Integrated media services company Prime Focus Ltd has announced its collaboration with Jam8, a musical platform founded by Indian music composer/director Pritam, and KWAN, a talent management company to serve as a 360-degree creative solution provider for the M&E industry.

Television Production House Film Production
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/star.jpg?itok=Xao8ACOH
Star Movies Kids is the new kid on the block

A few years ago Star India decided to hive off some bits of its repertoire and focus exclusively on its main GEC Star Plus and the emerging sports scenario. Surprisingly, the channel is now taking a new turn by targeting the youngest viewers. As per industry sources, the Uday Shankar-led network is...

Television TV Channels Kids
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/17/cn.jpg?itok=BRpRY0Oq
Zapak and Cartoon Network India partner to launch ‘Ben 10 - Alien Run’ mobile game

Anil D. Ambani led Reliance Entertainment’s Zapak, India’s leading Gaming Destination, in association with Cartoon Network India, rings in the New Year with an epic launch for fans and gamers alike, with Ben 10 - Alien Run Mobile Game.

Television TV Channels Kids

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories