Television

Sun TV reports flat PAT on 7% increase in revenue

Y-o-y operating revenue was up 5.9%

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BENGALURU: The Kalanithi Maran-headed Sun TV Network Ltd (Sun TV) reported 5.9 percent y-o-y increase in consolidated operating revenue for the quarter ended 30 September 2019 (Q2 2020, quarter or period under review) as compared to the corresponding year ago quarter Q2 2019. Sun TV reported consolidated operating revenue of Rs 852.52 crore for Q2 2019 as compared to Rs 779.65 crore for Q2 2019. Total Income (revenue) for Q2 2020 increased 6.8 percent y-o-y to Rs 900.74 crore as compared to Rs 843.44 crore in Q2 2019.

Consolidated profit after tax (PAT) for Q2 2020 was almost flat (up 1 percent) y-o-y at Rs 368.79.87 crore as compared to Rs 364.99 crore in Q2 2019. Calculated simple consolidated EBITDA for Q2 2020 at Rs 479.24 crore  was 15.2 percent lower y-o-y than the Rs 565.07 crore.

Sun TV reported standalone subscription revenue of Rs 397.39 crore for Q2 2020, which was 17 percent higher than the Rs 339.79 crore for Q2 2019.

Following closely on the heels of the dividend already declared in the first quarter, the board of directors of Sun TV has recommended a second interim dividend of Rs 2.50 per equity (50 percent) share of face value of Rs 5 each for Q2 2020.

Let us look at the other consolidated numbers reported by the company:

Consolidated Total Expenditure (TE) in Q2 2020 increased 66 percent to Rs 499.54 crore as compared to Rs 301.0 crore in the corresponding quarter of the previous year.

Consolidated Operating expense in Q2 2020 almost doubled (increased 91.1 percent) y-o-y to Rs 185.41 crore from Rs  97.01 crore in the corresponding quarter of the previous year. Employee Benefits Expense in Q2 2020 increased 2 percent y-o-y to Rs 82.24 crore as compared to Rs 80.61 crore in Q2 2019. Other expenses (OE) in the Q2 2020 more than doubled (increased 112.7 percent) y-o-y to Rs 78.63 crore as compared to Rs 36.96 crore in the corresponding quarter of the previous year.

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