Television

Sun TV board declares third interim dividend of 50 percent

This is the third interim dividend disbursed by the company this fiscal.

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/02/09/sun.jpg?itok=VO3X5w_M

BENGALURU: The board of directors of the Sun TV Network (Sun TV) has declared a 50 percent dividend (dividend of Rs 2.50) per equity share of face value Rs 5 each for the quarter ended 31 December 2019 (Q3 2019, quarter, period under review). This is the third interim dividend disbursed by the company this fiscal.

The South Indian television and radio broadcaster behemoth reported total comprehensive income of Rs 351.39 crore (38.9 percent of operating revenue for the quarter, which was 31.6 percent y-o-y higher as compared to Rs 267.03 crore (39.1 percent of operating revenue) for the corresponding year ago quarter.

Sun TV reported 32.4 percent y-o-y increase in operating revenue for Q3 2019 at Rs 904.45 crore as compared to Rs 683.28 crore in Q3 2018. Total Income for the period under review at Rs 956.04 crore was 34.2 percent more y-o-y as compared to Rs 712.39 crore in Q3 2018. Sun TV says in a press release that its subscription revenue has grown by 24 percent y-o-y to Rs 349.60 crore.

Operating profit (EBITDA) for Q3 2019 at Rs 667.20 (73.8 percent of operating revenue) increased 35.6 percent y-o-y as compared to Rs 492.04 crore (72 percent of operating revenue) in Q3 2018. Profit after tax (PAT) for the quarter at Rs 351.33 crore (38.8 percent of operating revenue) was 31.6 percent higher y-o-y than Rs 266.97 crore (39.1 percent of operating revenue).

Sun TV reported 35.4 percent y-o-y increase in total expenditure in Q3 2019 at Rs 414.04 crore from Rs 305.76 crore in Q3 2018. Operating expenses  in Q3 2019 increased 51.5 percent y-o-y to Rs 122.77 crore from Rs 81.05 crore in the corresponding quarter of the previous fiscal. Employee benefits expense in Q3 2019 declined 0.7 percent y-o-y to Rs 71.71 crore from Rs 72.20 crore in Q3 2018.

Finance costs increased more than elevenfold y-o-y in Q3 2019 to Rs 0.71 crore from Rs 0.06 crore in the corresponding quarter of the previous year. Other expenses increase 12.6 percent y-o-y in Q3 2019 to Rs 42.77 crore from Rs 37.99 crore in Q3 2018.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/12/10/shemaroo.jpg?itok=1_dwXWSI
Shemaroo Entertainment launches ComiCon

MUMBAI: To engage and entertain Bollywood fanatics, Shemaroo Entertainment has aesthetically converted iconic movies into delightful comic format. Iconic Bollywood movies will now be available as comic books for Bollywood fans to read and experience the fun through words. These comics will be...

Television TV Channels Music and Youth
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/12/10/jumnji.jpg?itok=3520HKSU
&flix brings the #FlixFirstScreening of ‘Jumanji: The Next Level’

MUMBAI: A terrifying jungle, gigantic beasts and a squad on the run! &flix, the destination for the biggest Hollywood hits, is set to bring the next #FlixFirstScreening – catch the adventure-fantasy hit ‘Jumanji: The Next Level’. A chance to #LeapForth into the world of action, adventure and...

Television TV Channels English Entertainment
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/12/10/zee.jpg?itok=FuLq3Ylh
Zee Telugu to premiere ‘Dhrusti’ on 15 Dec

MUMBAI: Zee Telugu always brings the best of Telugu entertainment with a wide array of classic movies for its viewers on small screen. Decked with cinematic splendor and super visual experience, the channel has always taken the onus to showcase new enchanting movies for its audience, since...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/12/10/times.jpg?itok=rKjFtFg6
Times Network announces its signature event Times Network India Economic Conclave 2019

MUMBAI: After the phenomenal success of its regional chapters, Times Network, announces its annual signature event, Times Network India Economic Conclave 2019 (IEC). Driving this edition’s theme, ‘$5 Trillion – Aspiration to Action’, the two-day conclave on December 16 & 17 in Mumbai brings...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/12/10/dhar.jpg?itok=EjsT9J7U
Banijay Asia partners with The Natural Studios to explore action-adventure genre

Banijay Asia and The Natural Studios have announced their partnership to bring high-octane content to the Indian and Southeast Asian markets. The collaboration will bring scripted and non-scripted content in adventure and thrill genre on television as well as OTT platforms soon.

Television Production House Fiction
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/12/10/urvi.jpg?itok=GNdUo2xG
JOP Network’s journey from curating content to running 3 pay channels

It is often assumed that the TV broadcast market in India has reached a saturation point and is dominated by big media networks with deep pockets like Sony, Zee, Times Network, Disney-owned Star India (earlier owned by Rupert Murdoch) or Mukesh Ambani-owned Network18, leaving no room for start-ups...

Television TV Channels Specialised and Niche
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/12/09/zee.jpg?itok=a10vzqbM
Zee Kannada to premiere Kurukshetra on 15 Dec

MUMBAI:Produced by Munirathna Naidu, Zee Kannada will air the world television premiere of ‘Kurukshetra’ on 15 th December at 6:30 PM only on Zee Kannada and Zee Kannada HD. Mahabharat, the revered classic, forms the bedrock of Hindu mythology and its teachings are deeply engraved in our cultural...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/12/09/cnbc.jpg?itok=IZcXu-dT
Bajaj Allianz along with CNBC-TV18, announces the Lifegoal Advisor Awards 2019

MUMBAI: CNBC-TV18, in association with Bajaj Allianz joins hands to launch the 1st edition of the Lifegoal Advisor Awards 2019. This award aims to honour Life Insurance advisors, Mutual Fund Distributors and CAs. Keeping in mind the paradigm shift in the buying patterns of the Indian consumers in...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/12/09/discovery.jpg?itok=tjJs7OcG
Discovery Channel's docuseries on ‘India Startup Stories’ premieres on 14 Dec

MUMBAI: Discovery Channel’s ‘India Startup Stories’ narrates the journey of Indian start-ups who have made giant strides forward and have made a mark on the Indian ecosystem. The 8-episode series, starting December 14, at 7:00 pm on Discovery Channel and Discovery Channel HD, will cover leading...

Television TV Channels English Entertainment

Sign up for our Newsletter

subscribe for latest stories