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Sun TV Q2 FY16 net up 41.37% at Rs 218.38 cr

Total income from operations grew 11.6 per cent in Q2 FY16 to Rs 568.09 crore, EBITDA up by 9.30 per cent at Rs 432.23 crore

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Sun TV Q2 FY16 net up 41.37% at Rs 218.38 cr

Sun TV Q2 FY16 net up 41.37% at Rs 218.38 cr

Total income from operations grew 11.6 per cent in Q2 FY16 to Rs 568.09 crore, EBITDA up by 9.30 per cent at Rs 432.23 crore

BestMediaInfo Bureau | Mumbai | October 29, 2015

suntv-logoSun TV has posted a net profit of Rs 218.38 crore in Q2 FY16, up by 41.37 per cent from the corresponding quarter last fiscal, where its profit after tax stood at Rs 154.47 crore. On a QnQ basis, Sun TV's profit after tax grew by 10.70 per cent. The company's PAT for Q1 FY16 was Rs 197.28 crore.

During the quarter ended September 30, 2015, EBITDA was up by 9.30 per cent at Rs 432.23 crore, compared to Rs 395.47 crore in Q2 FY15.

The half yearly PAT for the period ended September 30, 2015 was Rs 415.66 crore, up by 29.85 per cent as against the corresponding period last fiscal, where the figure stood at Rs 320.11 crore.

Total income from operations for Q2 FY16 was Rs 568.09 crore, an increase of 11.6 per cent from the corresponding quarter last fiscal, where it posted income of Rs 509.02 crore. However, on a QnQ basis, the income from operation declined by 17.79 per cent. Sun TV's operating income for Q1 FY16 stood at Rs 691.09 crore.

The operating income for the half year ended September 30, 2015 was Rs 1259.18 crore, up by 10.20 per cent from the corresponding period last fiscal. Sun TV's operating income in H1 FY15 stood at Rs 1142.60 crore.

In Q2 FY16, the advertisement revenues grew up by 15.80 per cent to Rs 301.37 crore, as against Rs 260.26 crore in Q2 FY15.

Subscription revenues for the quarter were up by 9.99 per cent at Rs 197.42 crore, as against Rs 179.48 crore in Q2 FY15.

The pay channel's revenue for the quarter ended September 30, 2015 was up 16.51 per cent at Rs 57.57 crore.

The results for the half year ended September 30, 2015 include income from the company's Indian Premier League franchise Sunrisers Hyderabad of Rs 96.95 crore. The income from IPL for Q1 FY16 was recorded at Rs 96.55 crore, while the income during H1 FY15 stood at Rs 113.82 crore.

The half yearly results also include Rs 153.25 crore towards IPL expenses. In Q1 FY16, the expense was Rs 153.16 crore, while in H1 FY15, the IPL expenses were Rs 157.60 crore.

Under the relevant framework of the Ministry of Information & Broadcasting (MIB), the company and its investees involved in FM radio operations had submitted their application to migrate existing FM radio licenses (including three of which expired on March 31, 2015, and others expiring on various dates in FY2016-17 and thereafter) from Phase 2 to Phase 3 licensing regime as well as applications for participating in the e-auction process for new FM radio frequencies in the Phase 3 licensing regime. MIB had rejected the applications citing security clearance. The company was granted interim relief by the Madras High Court and Supreme Court, which paved the way for its participation in the e-auction.

Info@BestMediaInfo.com

Info@BestMediaInfo.com

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