BENGALURU: Sun TV Network Limited (Sun TV) reported improved numbers across all important parameters for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding year ago quarter (Q2-16).
Sun TV reported 10.4 per cent higher year-over-year (y-o-y) revenue in the current quarter at Rs 625.49 crore as compared to Rs 567.55 crore in Q2-16.
Revenue growth in Q2-17 was led by a 17 per cent y-o-y increase in subscription revenue at Rs 228.55 crore from Rs 195.32 crore, and a two per cent y-o-y increase in advertisement revenue at Rs 309.43 crore as compared to Rs 302.93 crore.
The company’s Profit after tax or PAT improved 21.7 per cent y-o-y to Rs 270.35 crore (43.2 per cent margin) as compared to Rs 222.07 crore (39.1 per cent margin).
Sun TV EBIDTA in the current quarter was Rs 466.32 crore (74.6 per cent EBIDTA margin), 8.3 per cent higher as compared to Rs 430.52 crore (75.9 per cent EBIDTA margin) in Q2-16.
Total Expenditure (TE) in the current quarter increased 3 per cent to Rs 262.20 crore (41.9 per cent of TIO) as compared to Rs 254.61 crore (44.9 per cent of TIO) in the corresponding quarter of the previous year.
Employee Remuneration and Benefits Expense (EBE) in Q2-17 increased 21.2 per cent to Rs 71.83 crore (11.5 per cent of TIO) as compared to Rs 59.27 crore (10.4 per cent of TIO) in Q2-16.
Other expenses (OE) in the Q1-17 was 9.7 per cent higher at Rs 36.01 crore (5.8 per cent of TIO) as compared to Rs 32.83 crore (5.8 per cent 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 half year ended 30 September 2016 (HY1-17) include IPL revenue of Rs 143.90 crore as compared to Rs 96.5 crore in HY1-16 and expenses of Rs 175.02 crore and Rs 143.25 crore for HY1-17 and HY-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.