Television

Sun TV posts sunnier y-o-y results for Q3-2014; board announces 135 per cent interim dividend

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BENGALURU: Sun TV Network Limited (Sun TV) reported 9.9 per cent growth in revenue in Q3-2015 at Rs 575.03 crore as compared to the Rs 523.19 quarter in the corresponding quarter of last year and 13 per cent more than the Rs 509.02 crore in Q2-201 on the back of growth of advertising and DTH revenues. For 9M-2014, the company reported 7.5 per cent higher revenue at Rs 1695.05 crore as compared to the Rs 1576.6 crore in 9M-2014.

Note: 100,00,000 = 100 lakh = 10 million = 1 crore

The company’s PAT in the current quarter increase 15.25 per cent to Rs 214.13 crore from the Rs 185.79 crore in Q3-2014 and was a whopping 38.6 per cent more than the Rs 154.47 crore in Q2-2015. PAT in 9M-2015 at Rs 534.24 crore was 2.9 per cent more than the Rs 519.39 crore in Q3-2014.

Sun TV reported 7 per cent y-o-y growth in advertising revenue in Q3-2015 to RS 291.57 crore and was 12 per cent more than the Rs 260.26 crore in the immediate trailing quarter.

 Sun TV reported 18 per cent higher DTH revenue at Rs 132.88 crore in the current quarter as compared to the year ago quarter and 2.2 per cent more than the Rs 130.07 crore in the immediate trailing quarter.

The board of directors of the company have declared the third interim dividend this year of 135 per cent (Rs 6.75) per share of face value of Rs 5.

Let us look at the other results reported by Sun TV for Q3-2015

The company’s total expense (TE) in Q3-2015 at Rs 249.78 crore was 3.1 per cent more than the Rs 242.38 crore in Q3-2014 and 16.2 per cent less than the Rs 298.22 crore in Q2-2015. TE in 9M-2015 at Rs 952.85 crore was 11.5 per cent more than the Rs 854.26 crore in 9M-2014. The 9M expense figure for both years includes the one time annual SunRisers Hyderabad IPL franchise fee of Rs 85.05 crore paid by the company in Q1-2015 and Q1-2014 respectively.

Sun TV’s depreciation and amortization charges (depreciation) in Q3-2015 was 18.2 per cent more at Rs 125.41 crore as compared to the Rs106.06 crore in Q3-2014 and was 32.2 per cent less than the Rs 185.01 crore in Q2-2015. Depreciation increased 31.8 per cent YTD in 9M-2015 to Rs 449.41 crore from Rs 341.01 crore.

Employee benefit expense (EBE) in Q3-2015 was up 12.7 per cent more at Rs 55.69 crore than the Rs 49.42 crore in Q3-2014 and was 11.1 per cent more than the Rs 50.13 crore in Q2-2015. EBE increased 6.8 per cent to Rs 151.59 crore in 9M-2015 from Rs 141.9 crore in the corresponding nine month period of last year.

The company has reported a 22.1 per cent drop in other expenditure to Rs 26.66 crore in Q3-2015 from Rs 34.22 crore in the year ago quarter and was 17.7 per cent higher than the Rs 22.65 crore in Q2-2015. Other expenditure in 9M-2015 fell 1.5 per cent to Rs 142.49 crore from Rs 144.67 crore in 9M-2014.

Click here to read the press release

Click here to read the unaudited financial result

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