Research ReportsSun TV Q3 Review — Core Business Lags, Revival In It Key For Rerating; Dolat Capital Downgrades To 'Sell'
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Sun TV Q3 Review — Core Business Lags, Revival In It Key For Rerating; Dolat Capital Downgrades To 'Sell'
Despite a ~30% decline in stock price from the peak,
Dolat Capital sees limited triggers for growth revival, low-dividend payout is an additional concern.
Sun TV Network Ltd.'s Q3 FY25 results were weak. Standalone revenue/Ebit/adjusted profit after tax came in at -10.4/-30.2/-20.7%.
(Photo Source: Glenn-Carstens Peters/ Unsplash)
IPL has been a success for Sun TV but in later years, partly driven by external factors. However, other initiatives (Marathi, Bengali, Hindi channel launch as well as Africa franchise) are yet to deliver.