ITV

Tag: interim dividend

  • Tips Music achieves 32 per cent revenue growth in Q2, announces Rs 2 interim dividend

    Tips Music achieves 32 per cent revenue growth in Q2, announces Rs 2 interim dividend

    MUMBAIi: Music may soothe the soul, but for companies like Tips Music Ltd. (formerly Tips Industries Ltd.), it is the balance sheet that truly strikes a chord. The company posted robust results for the quarter ending 30 September 2024, with revenues climbing 32 per cent year-over-year to Rs 80.6 crore and profit after tax (PAT) rising by 21 per cent to Rs 48.2 crore. The growth, underpinned by a slate of new releases and increased digital engagement, underscores Tips Music’s strategy of capturing audience attention and expanding its footprint across diverse platforms.

    The company’s operational EBITDA for Q2 FY25 stood at Rs 59.5 crore, a 19 per cent increase from the previous year, with a steady EBITDA margin of 73.8 per cent. For the first half of FY25, revenue totaled Rs 154.5 crore, reflecting a 36 per cent year-over-year increase, while PAT reached Rs 91.7 crore, up by 37 per cent compared to H1 FY24.  

    The content cost for Q2 FY25 surged by 194 per cent to Rs 13.8 crore compared to Rs 4.7 crore in Q2 FY24, demonstrating the company’s strategic investment in acquiring high-quality music content. During the quarter, Tips Music launched a total of 125 new songs, including 39 film songs and 86 non-film songs, catering to diverse audience tastes.  

    Tips Music chairman & MD Kumar Taurani said, “I am pleased to share that the company has announced a second interim dividend for the year of Rs 2 per share, in addition to the interim dividend and buyback conducted in Q1 FY25. Our revenue for the quarter stood at Rs 80.6 crore, up by 32 per cent YOY with a PAT of Rs 48.2 crore increasing by 21 per cent YOY. Our relentless focus is on acquiring high-quality music content.”  

    Added Tips Music  executive director Girish Taurani:  “In Q2 FY25, we successfully launched 125 new songs, resulting in a diverse range of offerings that cater to a wide audience. This quarter, we released two musical short films, Tedi Medi and Beinteha,  both of which have received significant appreciation from the audience. Notable releases include Yaad Reh Jaati Hai  from the film The Buckingham Murders, sung by renowned artist B Praak, and Dua Kijiye, which continue to resonate with our listeners.”  

    Tips Music  CEO Hari Nair highlighted the company’s growing digital presence, stating, “Our YouTube channels’ cumulative subscriber base has now reached 108 million, reflecting our increasing influence and engagement. Our market share on audio digital platforms like Spotify and Saavn is also rising steadily. Additionally, our new brands & partnership  division is gaining traction, with collaborations such as Motorola using our track Rangeela Re‘ to launch its new line of colorful handsets.”  

    For the current fiscal year, Tips Music has declared a total shareholder payout of Rs 97.74 crore, including dividends and buybacks. The interim dividend for Q2 FY25 alone amounts to Rs 2 per share, translating to Rs 25.56 crore.  

    Key Financial Highlights:  

    – Q2 FY25 Revenue: Rs 80.6 crore, up 32 per cent year-over-year  

    – Operational EBITDA: Rs 59.5 crore, a 19 per cent increase from Q2 FY24  

    – PAT: Rs 48.2 crore, reflecting a 21 per cent growth year-over-year  

    – H1 FY25 Revenue: Rs 154.5 crore, up 36 per cent year-over-year  

    – H1 FY25 PAT: Rs 91.7 crore, an increase of 37 per cent  

     

  • Sun TV operating margin up despite revenue and bottom-line fall in Covid2019 quarter

    Sun TV operating margin up despite revenue and bottom-line fall in Covid2019 quarter

    BENGALURU: Kalanathi Maran’s regional telecaster and FM radio broadcaster Sun Tv Network (Sun TV) reported 44.3 percent y-o-y decrease in consolidated operating revenue for the quarter ended 30 June 2020 (Q1 2021, period or quarter under review) as compared to the corresponding quarter of the previous year Q1 2020. Total Income (operating revenue plus other income) during the quarter declined 38.2 percent y-o-y as compared to Q1 2020. Profit after tax (PAT) declined 33.5 percent y-o-y in Q1 2021 as compared to the year ago quarter. Even the operating profit (EBITDA) for Q1 2021 fell 41.1 percent y-o-y in Q1 2021 as compared to Q1 2020. However, EBITDA margin of operating revenue for Q1 2021 was 66.9 percent as compared to 62.6 percent in Q1 2020. Sun TV is one of the largest networks in the country that has channels across the four major South Indian languages. All the numbers in this reported are consolidated unless stated otherwise.

    The company reported revenue of Rs 611.51 crore and Rs 1,110.04 crore in Q1 2021 and Q1 2020 respectively, PAT for Q1 2021 was Rs 257.11 crore and for Q1 2020 it was Rs 386.81 crore. EBITDA in Q1 2021 was Rs 409.11 crore as compared to Rs 694.95 crore in the corresponding year ago quarter. The company attributes the fall in revenue to the absence of IPL which normally happens during the first quarter and also absence of movie distribution in particular during the COVID2019 quarter. In the corresponding year ago quarter, Sun TV had reported revenue of Rs 244.39 crores and corresponding costs of Rs 138.40 crores for its IPL franchisee SunRisers Hyderabad.

    Sun TV has mentioned in its earnings release for Q1 2021 that subscription revenue during the quarter under review increased 17.6 percent y-o-y to Rs 442.25 crore from Rs 375.95 crore in Q1 2020.

    Let us look at the other consolidated numbers reported by the company for Q1 2021

    Consolidated total expenditure in Q1 2021 was 38.8 percent lower y-o-y at Rs 356.82 crore as compared to Rs 582.09 crore in the corresponding quarter of the previous year.

    Consolidated operating expense in Q1 2021 reduced 52.1 percent y-o-y to Rs 70.85 crore from Rs 148.01 crore in Q1 2020. Consolidated employee benefits expense in Q1 2021 declined 1.2 percent y-o-y to Rs 80.03 crore as compared to Rs 81.02 crore in Q1 2020. Consolidated other expenses (OE) in the Q1 2021 fell 63.1 percent to Rs 51.52 crore as compared to Rs 139.75 crore in Q1 2020.

  • Sun Tv subscription revenue up; declares 150% interim dividend

    Sun Tv subscription revenue up; declares 150% interim dividend

    BENGALURU: Kalanathi Maran’s regional telecaster and FM radio broadcaster Sun Tv Network (Sun TV) reported that subscription revenues was up 18  percent y-o-y at Rs 411.85 crore for the quarter ended 31 December 2019 (Q3 2020, period or quarter under review) as compared to the corresponding year ago quarter (Q3 2019). The company reported consolidated profit after taxes or PAT growth at 7.2 percent to Rs 384.69 crore for Q3 2020 as compared to Rs 359.01 crore for Q3 2019. Standalone PAT increased 6.3 percent y-o-y to Rs 373.45 crore from Rs 351.33 crore.

    The board of directors of the company has announced the third interim dividend in the year of Rs 7.50 per share (150 percent) on a face value of Rs 5 per share.

    Sun TV is one of the largest networks in the country that has channels across the four major South Indian languages.

    Sun Tv reported 9.7 percent y-o-y decrease in consolidated operating revenue for Q3 2020 as compared to the corresponding year ago quarter Q3 2019. Consolidated operating revenue for the period was Rs 8547.81 crore as compared to Rs 939.31 crore for Q3 2019. Total income (revenue) for Q3 2020 reduced 67.9 percent y-o-y to Rs 914.71 crore as compared to Rs 992.58 crore in Q3 2019.

    Standalone operating revenue declined 9.9 percent to Rs 814.97 crore in Q3 2020 to Rs 904.45 crore in Q3 2019. Standalone Total income (revenue) for the period declined 8.1 percent y-o-y to Rs 878.56 crore from Rs 956.04 crore.

    Calculated simple consolidated EBITDA for Q3 2020 at Rs 595.27 crore was 12.3 percent lower y-o-y than the Rs  678.80 crore. Simple standalone EBITDA for the period declined 13 percent y-o-y to Rs 580.36 crore from Rs 667.20 crore in Q3 2019.

    Let us look at the other numbers reported by the company for Q3 2020

    Consolidated Total expenditure in Q3 2020 declined 8.5 y-o-y percent to Rs 404.35 crore as compared to Rs 441.86 crore in the corresponding quarter of the previous year.

    Consolidated Operating expense in Q3 2020 declined 10.6 percent y-o-y to Rs 117.02 crore from Rs 130.87 crore in the corresponding quarter of the previous year. Consolidated Employee benefits expense in Q3 2020 declined 1 percent y-o-y to Rs 79.40 crore as compared to Rs 80.23 crore in Q3 2019. Consolidated Other expenses (OE) in the Q3 2020 increased 13.6 percent y-o-y to Rs 56.12 crore as compared to Rs 49.41 crore  in Q3 2020.

    Standalone Total expenditure in Q3 2020 declined 8.2 y-o-y percent to Rs 380.1 crore as compared to Rs 414.04 crore in the corresponding quarter of the previous year.

    Standalone Operating expense in Q3 2020 declined 9.9 percent y-o-y to Rs 110.06 crore from Rs 122.77 crore in the corresponding quarter of the previous year. Standalone  Employee benefits expense in Q3 2020 decline 1.1 percent y-o-y to Rs 70.95 crore as compared to Rs 71.71 crore in Q3 2019. Standalone Other expenses in the Q3 2020 increased 24.1 percent y-o-y to Rs 53.06 crore as compared to Rs 42.77 crore  in Q3 2020.

    SunRisers Hyderabad numbers

    Sun Tv says for the nine months ended 31 December 2019 (9M 2020) income from the company's IPL franchise SunRisers Hyderabad for season 2019 (partial) was Rs 244 44 crore as compared to Rs 386.29 crore for IPL 2018., hence a decline of 36.7 percent. Corresponding costs in 9M 2019 declined 26.8 percent y-o-y to Rs 138 46 crore from Rs 189 15 crore for 9M 2019. Hence the net operating profit for Sun Tv’s IPL franchise declined 46.2 percent y-o-y in 9M 2020 to Rs 105.98 crore from Rs 197.14 crore.

  • Sun TV reports flat PAT on 7% increase in revenue

    Sun TV reports flat PAT on 7% increase in revenue

    BENGALURU: The Kalanithi Maran-headed Sun TV Network Ltd (Sun TV) reported 5.9 percent y-o-y increase in consolidated operating revenue for the quarter ended 30 September 2019 (Q2 2020, quarter or period under review) as compared to the corresponding year ago quarter Q2 2019. Sun TV reported consolidated operating revenue of Rs 852.52 crore for Q2 2019 as compared to Rs 779.65 crore for Q2 2019. Total Income (revenue) for Q2 2020 increased 6.8 percent y-o-y to Rs 900.74 crore as compared to Rs 843.44 crore in Q2 2019.

    Consolidated profit after tax (PAT) for Q2 2020 was almost flat (up 1 percent) y-o-y at Rs 368.79.87 crore as compared to Rs 364.99 crore in Q2 2019. Calculated simple consolidated EBITDA for Q2 2020 at Rs 479.24 crore  was 15.2 percent lower y-o-y than the Rs 565.07 crore.

    Sun TV reported standalone subscription revenue of Rs 397.39 crore for Q2 2020, which was 17 percent higher than the Rs 339.79 crore for Q2 2019.

    Following closely on the heels of the dividend already declared in the first quarter, the board of directors of Sun TV has recommended a second interim dividend of Rs 2.50 per equity (50 percent) share of face value of Rs 5 each for Q2 2020.

    Let us look at the other consolidated numbers reported by the company:

    Consolidated Total Expenditure (TE) in Q2 2020 increased 66 percent to Rs 499.54 crore as compared to Rs 301.0 crore in the corresponding quarter of the previous year.

    Consolidated Operating expense in Q2 2020 almost doubled (increased 91.1 percent) y-o-y to Rs 185.41 crore from Rs  97.01 crore in the corresponding quarter of the previous year. Employee Benefits Expense in Q2 2020 increased 2 percent y-o-y to Rs 82.24 crore as compared to Rs 80.61 crore in Q2 2019. Other expenses (OE) in the Q2 2020 more than doubled (increased 112.7 percent) y-o-y to Rs 78.63 crore as compared to Rs 36.96 crore in the corresponding quarter of the previous year.

  • Sun Tv ex-IPL numbers up in Q1 2019

    Sun Tv ex-IPL numbers up in Q1 2019

    BENGALURU: The Kalanithi Maran-headed Sun TV Network Ltd (Sun TV) reported almost flat y-o-y standalone operating revenue (down 0.1 percent) for the quarter ended 30 June 2019 (Q1 2020, quarter or period under review) as compared to the corresponding year ago quarter Q1 2019. Without the income generated from Sun TV’s IPL franchise ‘Deccan Chargers’, the company’s operating revenue increased 16 percent y-o-y in Q1 2020. Sun TV reported standalone operating revenue of Rs 1,101.36 crore for Q1 2020 as compared to Rs 1,120.39 crore for Q1 2019. Ex-IPL, the company reported standalone operating revenue of Rs 856.97 crore for the quarter under review as compared to Rs 738.59 crore for Q1 2019. Sun TV reported subscription revenue of Rs 396.94 crore for Q1 2020, which was 27.5 percent higher than the Rs 311.27 crore for Q1 2019.

    The board of directors of Sun TV has recommended an interim dividend of Rs 2.50 per equity (50 percent) share of face value of Rs 5 each.

    Calculated simple standalone EBITDA for Q1 2020 at Rs 682.91 crore (62 percent of operating revenue) was 7.1 percent lower y-o-y than the Rs  734.71 crore (65.6 percent of operating revenue). Standalone profit after tax for Q1 2020 declined 6.7 percent y-o-y to Rs 381.87 crore as compared to Rs 409.14 crore in Q1 2019.

    The company reported income from its IPL franchise of Rs 244.39 crore for Q1 2020 as compared to Rs 385.92 crore in Q1 2019. IPL franchise costs for the quarter under review were Rs 138.40 crore as compared to Rs 186.66 crore in Q1 2019. Sun TV paid IPL franchisee fees of Rs 46.31 crore in Q1 2020 as compared to Rs 71.33 crore in the corresponding year ago quarter.

    Let us look at the other standalone numbers reported by the company:

    Standalone Total Expenditure (TE) in Q1 2020 increased 8.7 percent to Rs 578.99 crore as compared to Rs 532.71 crore in the corresponding quarter of the previous year.

    Standalone Operating expense in Q1 2020 more than doubled (increased 100.7 percent) y-o-y to Rs 162.38 crore from Rs  80.90 crore in the corresponding quarter of the previous year. Employee Benefits Expense in Q1 2020 reduced 13.7 percent y-o-y to Rs 73.49 crore as compared to Rs 85.16 crore in Q1 2019. Other expenses (OE) in the Q1 2020 reduced 8.1 y-o-y percent to Rs 136.27 crore as compared to Rs 148.29 crore  in the corresponding quarter of the previous year.