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.
Dolat Capital Report
Sun TV Network Ltd.'s Q1 FY22 was below estimates led by weak advertising (down 35% versus Q1 FY20) and subscription revenue growth (down 8.3/down 5.2% YoY/QoQ).
Profit after tax was in-line led by change in movie amortisation policy (Rs 0.7/0.5 billion benefit at Ebit/adjusted profit after tax).
It is not a great move.
Dividend too was modest Rs 3.75/share (Rs 1.5 billion outgo) versus C&CE of Rs 39 billion.
Sun TV intents to step-up focus on movie production (~Rs 6 billion investment) and non-fiction shows across genres.
It remains committed of acceleration of investments in digital business from future-proofing perspective mostly in FY23 versus FY22 earlier.
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 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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
