Sun TV posts sunny y-o-y results for Q2-2015; board announces 45 per cent interim dividend

BENGALURU: Sun TV Network Limited (Sun TV) reported 9.1 per cent growth in revenue in Q2-2015 at Rs 509.02 crore versus Rs 466.41 crore in the corresponding quarter of last year on the back of growth of advertising and DTH revenues. Q-o-q performance as well as PAT results declared by the company were however lower in Q2-2015.


The company reported 7 per cent growth in HY-2015 revenue at Rs 1142.60 crore from Rs 1068.26 crore in HY-2014.


Sun TV reported 11.4 per cent growth in advertising revenue in Q2-2015 to Rs 260.26 crore and 20 per cent higher DTH revenue at Rs 130.07 crore. However, advertising revenue in Q1-2014 at Rs. 280.42 crore was 7.8 per cent more than the advertising revenue in the current quarter.


The company’s net profit after taxes (PAT) in Q2-2015 at Rs 154.47 crore was 6.9 per cent lower than the Rs 169.16 crore in Q2-2014 and 6.7 per cent lower than the Rs 165.64 crore in Q1-2015. PAT in HY-2015 at Rs 320.11 crore was 4 per cent lower that the Rs 333.60 crore in HY-2014.


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


Let us look at the other results reported by Sun TV for Q2-2015


Y-o-y and HY results have been mentioned above. Sun TV’s revenue for Q2-2015 was 7 per cent less than the Rs 633.58 crore in Q1-2015.


The company’s total expense in Q2-2015 at Rs 298.22 crore was 21.1 per cent more than the Rs 246.29 crore in Q2-2014, and 6.7 per cent less than the Rs 319.80 crore (expenses figure excludes the one time annual SunRisers Hyderabad IPL franchise fee of Rs 85.05 crore paid in Q1-2015) in Q1-2015. Total Expense in HY-2015 was 14.9 per cent more at Rs 703.07 crore than the Rs 611.88 crore in HY-2014.


Sun TV’s depreciation and amortisation charges in Q2-2015 have jumped 57.4 per cent to Rs 185.01 crore from Rs 117.56 crore in Q2-2014 and were 33.1 per cent higher than the Rs 138.99 crore in Q1-2015. For HY-2015, depreciation and amortisation charges were 37.9 per cent higher at Rs 324 crore as against Rs 234.95 crore in HY-2014.


Employee benefit expense in Q2-2015 was up 4.3 per cent at Rs 50.13 crore from Rs 48.27 crore in Q2-2014 and was 9.5 per cent more than the Rs 45.77 crore in Q1-2015. For HY-2015 EBE at Rs 95.90 crore was 3.7 per cent less than the Rs 92.48 crore in HY-2014


The company has reported a 38 per cent drop in other expenditure to Rs 22.65 crore in Q2-2015 from Rs 36.51 crore in Q2-2014 and was less than a fourth (1/4.11 times) the Rs 93.18 crore in Q1-2015. For HY-2015, other expenditure at Rs 115.83 crore was 4.9 per cent higher than the Rs 110.45 crore in Q1-2014.


The board of directors of the company have declared an interim dividend of 45 per cent (Rs 2.25) per share of face value of Rs 5.


Click here for the Financial Statement

Click here for the Statement

Click here for the Press Realease


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