Television

Sun Tv subscription revenue up; declares 150% interim dividend

Consolidated and standalone profit after tax up 7% and 6% respectively

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2020/02/15/suntv.jpg?itok=GWACU79t

BENGALURU: Kalanathi Maran’s regional telecaster and FM radio broadcaster Sun Tv Network (Sun TV) reported that subscription revenues was up 18  percent y-o-y at Rs 411.85 crore for the quarter ended 31 December 2019 (Q3 2020, period or quarter under review) as compared to the corresponding year ago quarter (Q3 2019). The company reported consolidated profit after taxes or PAT growth at 7.2 percent to Rs 384.69 crore for Q3 2020 as compared to Rs 359.01 crore for Q3 2019. Standalone PAT increased 6.3 percent y-o-y to Rs 373.45 crore from Rs 351.33 crore.

The board of directors of the company has announced the third interim dividend in the year of Rs 7.50 per share (150 percent) on a face value of Rs 5 per share.

Sun TV is one of the largest networks in the country that has channels across the four major South Indian languages.

Sun Tv reported 9.7 percent y-o-y decrease in consolidated operating revenue for Q3 2020 as compared to the corresponding year ago quarter Q3 2019. Consolidated operating revenue for the period was Rs 8547.81 crore as compared to Rs 939.31 crore for Q3 2019. Total income (revenue) for Q3 2020 reduced 67.9 percent y-o-y to Rs 914.71 crore as compared to Rs 992.58 crore in Q3 2019.

Standalone operating revenue declined 9.9 percent to Rs 814.97 crore in Q3 2020 to Rs 904.45 crore in Q3 2019. Standalone Total income (revenue) for the period declined 8.1 percent y-o-y to Rs 878.56 crore from Rs 956.04 crore.

Calculated simple consolidated EBITDA for Q3 2020 at Rs 595.27 crore was 12.3 percent lower y-o-y than the Rs  678.80 crore. Simple standalone EBITDA for the period declined 13 percent y-o-y to Rs 580.36 crore from Rs 667.20 crore in Q3 2019.

Let us look at the other numbers reported by the company for Q3 2020

Consolidated Total expenditure in Q3 2020 declined 8.5 y-o-y percent to Rs 404.35 crore as compared to Rs 441.86 crore in the corresponding quarter of the previous year.

Consolidated Operating expense in Q3 2020 declined 10.6 percent y-o-y to Rs 117.02 crore from Rs 130.87 crore in the corresponding quarter of the previous year. Consolidated Employee benefits expense in Q3 2020 declined 1 percent y-o-y to Rs 79.40 crore as compared to Rs 80.23 crore in Q3 2019. Consolidated Other expenses (OE) in the Q3 2020 increased 13.6 percent y-o-y to Rs 56.12 crore as compared to Rs 49.41 crore  in Q3 2020.

Standalone Total expenditure in Q3 2020 declined 8.2 y-o-y percent to Rs 380.1 crore as compared to Rs 414.04 crore in the corresponding quarter of the previous year.

Standalone Operating expense in Q3 2020 declined 9.9 percent y-o-y to Rs 110.06 crore from Rs 122.77 crore in the corresponding quarter of the previous year. Standalone  Employee benefits expense in Q3 2020 decline 1.1 percent y-o-y to Rs 70.95 crore as compared to Rs 71.71 crore in Q3 2019. Standalone Other expenses in the Q3 2020 increased 24.1 percent y-o-y to Rs 53.06 crore as compared to Rs 42.77 crore  in Q3 2020.

SunRisers Hyderabad numbers

Sun Tv says for the nine months ended 31 December 2019 (9M 2020) income from the company's IPL franchise SunRisers Hyderabad for season 2019 (partial) was Rs 244 44 crore as compared to Rs 386.29 crore for IPL 2018., hence a decline of 36.7 percent. Corresponding costs in 9M 2019 declined 26.8 percent y-o-y to Rs 138 46 crore from Rs 189 15 crore for 9M 2019. Hence the net operating profit for Sun Tv’s IPL franchise declined 46.2 percent y-o-y in 9M 2020 to Rs 105.98 crore from Rs 197.14 crore.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/02/india-tv-samvad.jpg?itok=yi2jgVRC
Union Budget: India TV to host "Samvad Budget Conclave 2023"

India TV, the nation’s leading Hindi news channel, is organising a daylong "Samvad Budget Conclave 2023" on 3 February in New Delhi.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/02/bharat_express.jpg?itok=fNp6Mrbn
Media Mogul Uday Shankar officially launches Upendrra Rai’s Bharat Express

Mumbai: Media veteran Uday Shankar has officially launched Upendrra Rai’s highly anticipated national Hindi news channel, Bharat Express amidst much fanfare at a dazzling ceremony organised at Hotel Andaz by Hyatt in New Delhi on 1 February 2023.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/01/cnbc-tv18.jpg?itok=vDMZr_I2
CNBC-TV18 brings Union Budget show ‘Budget Verdict’

CNBC-TV18 is set to host the eighth edition of the Budget Verdict on 2 February with the goal of providing viewers with a thorough understanding of the Union Budget 2023-24 and how it affects their lives.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/01/india_today.jpg?itok=PSxbHL4X
India Today TV stands No 1 on Budget Day

Mumbai: India Today TV not only broke all previous records with a dominant number one position in live YouTube viewership on Budget Day 2023, but also emerged as the channel with the most concurrent users across Hindi, English, and Business TV news channels on YouTube, outperforming even...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/01/alia-varun.jpg?itok=rXBJ9ZWi
Zee Cine Awards 2023 gives a sneak peek into its exciting lineup of performers

Mumbai:Zee Entertainment Enterprises Ltd. (ZEEL), India’s television, media and entertainment conglomerate, brings back the biggest celebration of Bollywood  Zee Cine Awards a show that celebrates cinema and the true spirit of heroism embodied in larger than life performances and  entertainment....

Television TV Shows Awards
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/01/nxtdigital-800.jpg?itok=mo8OmEHa
NXTDIGITAL Ltd. shareholders approve name change

Mumbai: NXTDIGITAL Ltd. (NDL) has announced that the company's shareholders have approved the change in the company's name to NDL Ventures Ltd., subject to regulatory approval. The e-voting process began on 29 December 2022 and concluded on 28 January 2023.

Television TV Channels People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/01/bzinga.jpg?itok=RNtg5fWI
Bzinga to bring its first ever hindi show on Zee TV

Mumbai: Bzinga, a product engagement and discovery platform, is preparing to introduce its exciting gaming platform to Hindi audiences through a brand new Zee TV show, Bzinga. The show aims to bring families together, celebrate their dreams and passions, and offer them an opportunity to compete and...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/01/network_18.jpg?itok=eaA6-Ov4
Network18 & Schbang’s creative partnership delivers a big bang launch of Palki Sharma’s new show ‘Vantage’

Mumbai: Firstpost brings much-celebrated journalist Palki Sharma back to launch Vantage. This digital-first, multi-platform show aims to give viewers an Indian lens on world affairs. Palki Sharma uses facts, figures, logic and research to connect the dots on global stories and how they affect the...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2023/02/01/nidhi_razdan_0.jpg?itok=-O1pyoIC
Nidhi Razdan quits NDTV

Mumbai: Senior journalist Nidhi Razdan announced her resignation from NDTV on Tuesday. Her departure comes three days after her colleague Sreenivasan Jain announced his departure from the news network. "After more than 22 years, it is time to move on from NDTV," she wrote in a tweet. "It has been a...

Television TV Channels News Broadcasting