Sun TV third quarter of 2017 numbers up

BENGALURU: Sun TV Network Limited (Sun TV) reported improved numbers across all important parameters for the quarter ended 30 December 2016 (Q3-17, current quarter) as compared to the corresponding year ago quarter (Q3-16). The board of directors have declared an interim dividend of Rs 5 per equity share of Rs 5 each (100 percent) for the financial year 2016-17.

Sun TV reported 2.8 percent higher year-over-year (y-o-y) revenue in the current quarter at Rs 589.43 crore as compared to Rs 573.24 crore in Q3-16.

Revenue growth in Q3-17 was led by a 16.8 percent y-o-y increase in subscription revenue at Rs 241.94 crore from Rs 207.16 crore.

The company’s Profit after tax or PAT in Q3-17 improved 11 percent y-o-y to Rs 240.09 crore (40.7 percent margin) as compared to Rs 216.33 crore (37.7 percent margin) in Q3-16.

Sun TV EBIDTA in the current quarter was Rs 439.73 crore (74.6 percent EBIDTA margin), almost flat (0.6 percent higher) as compared to Rs 437.29 crore (76.3 percent EBIDTA margin) in Q3-16.

Total Expenditure (TE) in the current quarter decreased 3.8 percent y-o-y to Rs 260.39 crore (44.2 percent of TIO) as compared to Rs 270.70 crore (47.2 percent of TIO) in the corresponding quarter of the previous year.

Employee Remuneration and Benefits Expense (EBE) in Q3-17 increased 1.3 percent y-o-y to Rs 59.86 crore (10.2 percent of TIO) as compared to Rs 59.21 crore (10.3 percent of TIO) in Q3-16.

Other expenses (OE) in the Q3-17 was 2.6 percent lower at Rs 36.06 crore (6.1 percent of TIO) as compared to Rs 37.04 crore (6.5 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 results of the nine month period ended 31 December 2016 (9M-17) include IPL revenue of Rs 143.90 crore as compared to Rs 96.96 crore in 9M-16 and costs of Rs 175.11 crore and Rs 153.21 crore for 9M-17 and 9M-16 respectively.

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.

Latest Reads
Star ushers in IPL's new era with a bang

Star India is all set to reinvent the Vivo Indian Premier League (IPL) 2018 by increasing fan-engagement levels and bringing the sporting spectacle even closer to cricket fans across the country. The broadcaster’s press conference in Delhi today started with Sophia, a robot, in conversation with...

Television TV Channels Sports
Zeel numbers up on higher ad revenue in third quarter

The Subhash Chandra led Indian television network Zee Entertainment Enterprises Limited reported 11.5 percent and 28.3 percent increase in consolidated total revenue and profit after tax (PAT) respectively for the quarter ended 31 December 2017 (Q3-18, quarter under review) as compared to the...

Television TV Channels GECs
Ramdev wants telecast fees waived off for devotional channels

Baba Ramdev today took a shot at the government for imposing high tax on telecasting devotional TV channels.

Television TV Channels People
Be privy to a traditional ode to eternal love and longing with 'Tum Bin 2' on Sony MAX

Sony MAX, the leading Hindi movies channel from Sony Pictures Networks will be whipping up romance this January as it brings the sequel of the 2001 hit movie, ‘Tum Bin 2’ on 19th January at 8pm.

Television TV Channels Movie Channels
IRAA Awards Now accepting nominations

In its 12th consecutive year, the Indian Recording Arts Academy Awards (IRAA) 2018 will be hosted alongside the PALM Expo 2018 at the Bombay Exhibition Centre. The awards will once again recognize exceptional skills in music, soundtrack recording and mixing in Indian music for albums and movies.

Television TV Channels GECs
Network 18 PAT at Rs 114 million

Network18 Media & Investments (Network18) reported a marked improvement in its numbers for the quarter ended 31 December 2017. The consolidated revenue (net of revenue from joint ventures and associates) for the company declined marginally by 1.8 per cent year-on-year (yoy) to Rs 3660 million...

Television TV Channels News Broadcasting
Get Intriguing Insights into the human mind with 'Meet the Humans' on Sony BBC Earth

If you think human behavior is predictable, think again. In ‘Meet the Humans’, a show on Sony BBC Earth, starting January 22, at 8pm, a trio of experts led by Dr. Michael Mosely take a microscopic look at the human behavior and discover how incredibly unpredictable and complex humans are.

Television TV Channels Factual & Documentary
TV18 profits decline in third quarter

TV18 Broadcast Ltd (TV18), the subsidiary of the Mukesh Dhirubhai Ambani-controlled Network18 Media and Investments Ltd (Network 18), reported consolidated total income of Rs 10 crore for the quarter ended 31 December 2017 (Q3-18) as compared with income of Rs 23.6 crore for the corresponding year...

Television TV Channels GECs
Applause Entertainment to produce series on 2016 surgical strikes

MUMBAI: Applause Entertainment is making all the right moves.

Television Production House Non-Fiction

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories