Television

Sun Tv ex-IPL numbers up in Q1 2019

Y-o-y ex-IPL operating revenue was up 16%, subs revenue up 28%

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/08/10/sunrisers-Hyderabad.jpg?itok=EvP2r5Ig

BENGALURU: The Kalanithi Maran-headed Sun TV Network Ltd (Sun TV) reported almost flat y-o-y standalone operating revenue (down 0.1 percent) for the quarter ended 30 June 2019 (Q1 2020, quarter or period under review) as compared to the corresponding year ago quarter Q1 2019. Without the income generated from Sun TV’s IPL franchise ‘Deccan Chargers’, the company’s operating revenue increased 16 percent y-o-y in Q1 2020. Sun TV reported standalone operating revenue of Rs 1,101.36 crore for Q1 2020 as compared to Rs 1,120.39 crore for Q1 2019. Ex-IPL, the company reported standalone operating revenue of Rs 856.97 crore for the quarter under review as compared to Rs 738.59 crore for Q1 2019. Sun TV reported subscription revenue of Rs 396.94 crore for Q1 2020, which was 27.5 percent higher than the Rs 311.27 crore for Q1 2019.

The board of directors of Sun TV has recommended an interim dividend of Rs 2.50 per equity (50 percent) share of face value of Rs 5 each.

Calculated simple standalone EBITDA for Q1 2020 at Rs 682.91 crore (62 percent of operating revenue) was 7.1 percent lower y-o-y than the Rs  734.71 crore (65.6 percent of operating revenue). Standalone profit after tax for Q1 2020 declined 6.7 percent y-o-y to Rs 381.87 crore as compared to Rs 409.14 crore in Q1 2019.

The company reported income from its IPL franchise of Rs 244.39 crore for Q1 2020 as compared to Rs 385.92 crore in Q1 2019. IPL franchise costs for the quarter under review were Rs 138.40 crore as compared to Rs 186.66 crore in Q1 2019. Sun TV paid IPL franchisee fees of Rs 46.31 crore in Q1 2020 as compared to Rs 71.33 crore in the corresponding year ago quarter.

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

Standalone Total Expenditure (TE) in Q1 2020 increased 8.7 percent to Rs 578.99 crore as compared to Rs 532.71 crore in the corresponding quarter of the previous year.

Standalone Operating expense in Q1 2020 more than doubled (increased 100.7 percent) y-o-y to Rs 162.38 crore from Rs  80.90 crore in the corresponding quarter of the previous year. Employee Benefits Expense in Q1 2020 reduced 13.7 percent y-o-y to Rs 73.49 crore as compared to Rs 85.16 crore in Q1 2019. Other expenses (OE) in the Q1 2020 reduced 8.1 y-o-y percent to Rs 136.27 crore as compared to Rs 148.29 crore  in the corresponding quarter of the previous year.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/20/sonybbcearth.jpg?itok=XxJeQGU8
Sony BBC Earth premieres 'Seven Worlds, One Planet' on 20 Jan

MUMBAI: India’s premium infotainment channel Sony BBC Earth is all set to premiere the much-anticipated series on biodiversity across the seven distinct continents – Seven Worlds, One Planet – on 20 January at 9PM. Narrated by the Godfather of Natural History - Sir David Attenborough - and set to a...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/20/nick.jpg?itok=dExLtPMU
Nick & Sonic adds four new local language feeds

MUMBAI:  Nickelodeon the category leader that has remained the undisputed No. 1 over 6 years has added yet another feather in its cap. Nick and Sonic, are now present in 8 languages- Hindi, Gujarati, Bengali, Marathi, Malayalam, Tamil, Telugu and Kannada. This step fortifies Nickelodeon’s category...

Television TV Channels Kids
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/20/kodeshwari.jpg?itok=rMlSo3kS
COLORS Tamil’s KODEESWARI, creates history worldwide with its first 1 Crore winner

MUMBAI: Championing the indomitable spirit of women in India, 31 year old Kousalya Kharthika from Madurai, wins the jackpot prize money of Rs. 1 crore on COLORS Tamil’s Kodeeswari. History will be created as Kousalya, the first ever differently abled woman in the world will take home the coveted...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/20/women.jpg?itok=RcKKWayU
Can cricket be now called both gentleman and gentlewoman's game

MUMBAI: Cricket is termed as a religion in India and it’s said that the game unites Indians better than any religion can ever do. However, the game despite being dominated largely by the men, has lately seen growth and steady performance of the women’s cricket team that has turned the eyeballs of...

Television TV Channels Sports
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/20/cnbc.jpg?itok=rxV1VD53
CNBCTV18.com launches new series ‘Front Runners’

MUMBAI: CNBCTV18.com, India’s leading business website under Network18 Digital, introduces ‘Front Runners’, a new series that features some of India's top CXOs who reveal how they marshal their athletic self-discipline into assessing and resolving a raft of issues in the workplace. In addition to...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/20/abp.jpg?itok=06rmlEco
ABP News unveils new season of 'Pradhanmantri'

MUMBAI: India’s leading Hindi news channel, ABP News, has unveiled the second season of its highly-acclaimed show, Pradhanmantri. A show that promises to delve into the stories and intricacies of contemporary India is slated to premiere on 25 January, 2020.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/20/zee.jpg?itok=ycZXDdwX
World Economic Forum meet starts January 21; Zee Business to bring it all to you LIVE from Davos!

MUMBAI: The World Economic Forum will be hosting its 50th meet at Davos, where over 3000 delegates from all across the world will be participating. WEF will be held between 21-24 January. Considering the importance of the event, Zee Business will give you LIVE updates from Davos. Zee Business has...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/20/tv.jpg?itok=ivC8W21c
TV & Video People of 2019: Part III

In the final installment of TV people who mattered in 2019, we take a look at executives who left an impact on the industry. As mentioned earlier, this is a representative list and by no means comprehensive. And it is in random order, with no order of importance in the listing. Read on and give us...

Television TV Channels People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/17/images.jpg?itok=jOVtjVsY
Finance Minister meets News Broadcasters Federation, NBF seeks parity in GST with the print industry

MUMBAI: On 17thJanuary, 2020 Finance Minister, Nirmala Sitharaman met the members of the executive body of News Broadcasters Federation (NBF). In the meeting, the NBF has proposed a recommendation requesting the Government to treat TV News channels at par with the print industry under GST.  In the...

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories