Sun TV Network Q2 Review - Strong Ad Recovery Seen: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. 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 performance was a mixed bag. Revenues (excluding IPL) at Rs 777 crore were up ~9% YoY, with ad revenues up ~40% YoY to Rs 342 crore, on a benign base of Q2 FY21 (wherein ad had declined ~27%). Subscription revenues declined 4.5% YoY to Rs 408 crore owing to contract renewals uncertainty.Sun TV's Ebitda came in at Rs 520.6 crore, up 3.7% YoY with margins at 62.8%, down 357 basis points YoY, largely owing to higher content costs on fresh programming.Profit after tax came in at Rs 393.3 crore, up 13.7% YoY aided by lower amortisation..Click on the attachment to read the full report:.DISCLAIMERThis 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 author entity 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.

Sun TV Network Q2 Review - Strong Ad Recovery Seen: ICICI Direct

Sun TV Network Q2 Review - Strong Ad Recovery Seen: ICICI Direct

Choose a plan