BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Sun TV Network Ltd.'s Q1 FY21 numbers were on expected lines as advertisement revenue fell sharply due to lockdown and subscription revenues continued their growth momentum.
Also, absence of Indian Premier League (IPL) led to lower revenues YoY. Profitability was lower as higher amortisation expenses were reported.
Advertisement revenues fell sharply 65.8% YoY to Rs 126 crore, as corporate advertisement spend was significantly down during Covid-19 led lockdown.
Subscription revenues were up 17.6% YoY. Ebitda was at Rs 416.5 crore with margin of 68.7%.
Higher other income was reported at Rs 108.6 crore due to mark to market gains on investments and tax refund. Profit after tax at Rs 282.8 crore, was down 25.9% YoY.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
