ITV

Tag: IPL Franchisee

  • Sun TV posts improved y-o-y numbers for Q2-17

    Sun TV posts improved y-o-y numbers for Q2-17

    BENGALURU: Sun TV Network Limited (Sun TV) reported improved numbers across all important parameters for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding year ago quarter (Q2-16).

    Sun TV reported 10.4 per cent higher year-over-year (y-o-y) revenue in the current quarter at Rs 625.49 crore as compared to Rs 567.55 crore in Q2-16.

    Revenue growth in Q2-17 was led by a 17 per cent y-o-y increase in subscription revenue at Rs 228.55 crore from Rs 195.32 crore, and a two per cent y-o-y increase in advertisement revenue at Rs 309.43 crore as compared to Rs 302.93 crore.

    The company’s Profit after tax or PAT improved 21.7 per cent y-o-y to Rs 270.35 crore (43.2 per cent margin) as compared to Rs 222.07 crore (39.1 per cent margin).

    Sun TV EBIDTA in the current quarter was Rs 466.32 crore (74.6 per cent EBIDTA margin), 8.3 per cent higher as compared to Rs 430.52 crore (75.9 per cent EBIDTA margin) in Q2-16.

    Total Expenditure (TE) in the current quarter increased 3 per cent to Rs 262.20 crore (41.9 per cent of TIO) as compared to Rs 254.61 crore (44.9 per cent of TIO) in the corresponding quarter of the previous year.

    Employee Remuneration and Benefits Expense (EBE) in Q2-17 increased 21.2 per cent to Rs 71.83 crore (11.5 per cent of TIO) as compared to Rs 59.27 crore (10.4 per cent of TIO) in Q2-16.

    Other expenses (OE) in the Q1-17 was 9.7 per cent higher at Rs 36.01 crore (5.8 per cent of TIO) as compared to Rs 32.83 crore (5.8 per cent of TIO) in the corresponding quarter of the previous year.

    IPL Franchisee Sun Risers Hyderabad

    Sun TV has paid franchisee fees for its IPL team SunRisers Hyderabad (SRH) of Rs 85.48 crore in Q1-17 as compared to Rs 85.05 crore in the first quarter of FY-16.

    The results of the half year ended 30 September 2016 (HY1-17) include IPL revenue of Rs 143.90 crore as compared to Rs 96.5 crore in HY1-16 and expenses of Rs 175.02 crore and Rs 143.25 crore for HY1-17 and HY-16 respectively.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Sun TV posts improved y-o-y numbers for Q2-17

    Sun TV posts improved y-o-y numbers for Q2-17

    BENGALURU: Sun TV Network Limited (Sun TV) reported improved numbers across all important parameters for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding year ago quarter (Q2-16).

    Sun TV reported 10.4 per cent higher year-over-year (y-o-y) revenue in the current quarter at Rs 625.49 crore as compared to Rs 567.55 crore in Q2-16.

    Revenue growth in Q2-17 was led by a 17 per cent y-o-y increase in subscription revenue at Rs 228.55 crore from Rs 195.32 crore, and a two per cent y-o-y increase in advertisement revenue at Rs 309.43 crore as compared to Rs 302.93 crore.

    The company’s Profit after tax or PAT improved 21.7 per cent y-o-y to Rs 270.35 crore (43.2 per cent margin) as compared to Rs 222.07 crore (39.1 per cent margin).

    Sun TV EBIDTA in the current quarter was Rs 466.32 crore (74.6 per cent EBIDTA margin), 8.3 per cent higher as compared to Rs 430.52 crore (75.9 per cent EBIDTA margin) in Q2-16.

    Total Expenditure (TE) in the current quarter increased 3 per cent to Rs 262.20 crore (41.9 per cent of TIO) as compared to Rs 254.61 crore (44.9 per cent of TIO) in the corresponding quarter of the previous year.

    Employee Remuneration and Benefits Expense (EBE) in Q2-17 increased 21.2 per cent to Rs 71.83 crore (11.5 per cent of TIO) as compared to Rs 59.27 crore (10.4 per cent of TIO) in Q2-16.

    Other expenses (OE) in the Q1-17 was 9.7 per cent higher at Rs 36.01 crore (5.8 per cent of TIO) as compared to Rs 32.83 crore (5.8 per cent of TIO) in the corresponding quarter of the previous year.

    IPL Franchisee Sun Risers Hyderabad

    Sun TV has paid franchisee fees for its IPL team SunRisers Hyderabad (SRH) of Rs 85.48 crore in Q1-17 as compared to Rs 85.05 crore in the first quarter of FY-16.

    The results of the half year ended 30 September 2016 (HY1-17) include IPL revenue of Rs 143.90 crore as compared to Rs 96.5 crore in HY1-16 and expenses of Rs 175.02 crore and Rs 143.25 crore for HY1-17 and HY-16 respectively.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Q3-2016: Sun TV YoY revenue & PAT up

    Q3-2016: Sun TV YoY revenue & PAT up

    BENGALURU: Sun TV Network Limited (Sun TV) reported 3.9 per cent growth in standalone revenue (Total income from operations or TIO) in Q3-2016 (quarter ended 31 December, 2015, current quarter) at Rs 574.12 crore as compared to Rs 552.44 crore in Q3-2015 and a 1.1 per cent QoQ growth from Rs 568.09 crore in Q2-2016. Including other income, Total income in the current quarter increased 4.1 per cent YoY to Rs 598.72 crore from Rs 575.03 crore and increased 1.7 per cent QoQ as compared to Rs 588.44 crore.

    The company reported 0.7 per cent higher YoY profit after tax (PAT) in the current quarter at Rs 215.59 crore (37.6 per cent margin) as compared to Rs 214.13 crore (38.8 per cent margin), but 1.7 per cent lower than the Rs 218.38 crore (38.4 per cent margin) in Q2-2016. 

    Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore
    All figures in this report are standalone.

    The company in its earnings release says that advertisement revenues grew two per cent YoY in the current quarter to Rs 298.35 crore, but were one per cent lower QoQ as compared to Rs 301.37 crore in the immediate trailing quarter. It says that DTH revenue (Sun Direct) for Q3-2106 was up 14 per cent at Rs.150.88 crore.

    The Sun TV board of directors has declared a second interim dividend of Rs 2 per share (40 per cent) on a face value of Rs 5 per share. With this, the total dividend declared by the Board so far for the financial year 2015 – 16 is Rs 8 per share (160 per cent) on a face value of Rs 5 per share as against the total dividend of Rs 11.25 per share (225 per cent) on a face value of Rs 5 per share declared during the previous year ended 31 March, 2015.

    Let us look at the other numbers reported by Sun TV

    Sun TV reported EBIDTA of Rs 440.44 crore (76.7 per cent margin), which was 3 per cent higher YoY as compared to Rs 427.8 crore (77.4 per cent margin) and 1.9 per cent higher QoQ as compared to Rs 432.23 crore (76.1 per cent margin).

    Sun TV’s total expenses (TE) in the current quarter at Rs 268.43 crore (46.8 per cent of TIO) was 7.4 per cent higher YoY as compared to Rs250.05 crore (45.3 per cent of TIO) and 5.9 per cent higher QoQ as compared to Rs 253.44 crore (44.6 per cent of TIO). The company’s TE of Rs 412.1 crore (59.6 per cent of TIO) in Q1 included IPL Franchisee (Sun Risers Hyderabad) of Rs 85.05 crore (12.3 per cent of TIO), which is a non-recurring item during the other three quarters of the year. 

    Sun TV’s ‘Other Expenditure’ (OE) increased 30.6 per cent YoY to Rs 35.16 crore (6.1 per cent of TIO) as compared to Rs 26.93 crore (4.9 per cent of TIO) and was 12.3 per cent higher QoQ as compared to Rs 31.31 crore (5.5 per cent of TIO).

    Sun TV’s Employee Benefit Expense (EBE) in Q3-2016 increased 5.5 per cent YoY to Rs 58.73 crore (10.2 per cent of TIO) as compared to Rs 55.69 crore 10.1 per cent of TIO) and increased 3.2 per cent QoQ as compared to Rs 56.92 crore (10 per cent of TIO) in the immediate trailing quarter.

  • Q3-2016: Sun TV YoY revenue & PAT up

    Q3-2016: Sun TV YoY revenue & PAT up

    BENGALURU: Sun TV Network Limited (Sun TV) reported 3.9 per cent growth in standalone revenue (Total income from operations or TIO) in Q3-2016 (quarter ended 31 December, 2015, current quarter) at Rs 574.12 crore as compared to Rs 552.44 crore in Q3-2015 and a 1.1 per cent QoQ growth from Rs 568.09 crore in Q2-2016. Including other income, Total income in the current quarter increased 4.1 per cent YoY to Rs 598.72 crore from Rs 575.03 crore and increased 1.7 per cent QoQ as compared to Rs 588.44 crore.

    The company reported 0.7 per cent higher YoY profit after tax (PAT) in the current quarter at Rs 215.59 crore (37.6 per cent margin) as compared to Rs 214.13 crore (38.8 per cent margin), but 1.7 per cent lower than the Rs 218.38 crore (38.4 per cent margin) in Q2-2016. 

    Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore
    All figures in this report are standalone.

    The company in its earnings release says that advertisement revenues grew two per cent YoY in the current quarter to Rs 298.35 crore, but were one per cent lower QoQ as compared to Rs 301.37 crore in the immediate trailing quarter. It says that DTH revenue (Sun Direct) for Q3-2106 was up 14 per cent at Rs.150.88 crore.

    The Sun TV board of directors has declared a second interim dividend of Rs 2 per share (40 per cent) on a face value of Rs 5 per share. With this, the total dividend declared by the Board so far for the financial year 2015 – 16 is Rs 8 per share (160 per cent) on a face value of Rs 5 per share as against the total dividend of Rs 11.25 per share (225 per cent) on a face value of Rs 5 per share declared during the previous year ended 31 March, 2015.

    Let us look at the other numbers reported by Sun TV

    Sun TV reported EBIDTA of Rs 440.44 crore (76.7 per cent margin), which was 3 per cent higher YoY as compared to Rs 427.8 crore (77.4 per cent margin) and 1.9 per cent higher QoQ as compared to Rs 432.23 crore (76.1 per cent margin).

    Sun TV’s total expenses (TE) in the current quarter at Rs 268.43 crore (46.8 per cent of TIO) was 7.4 per cent higher YoY as compared to Rs250.05 crore (45.3 per cent of TIO) and 5.9 per cent higher QoQ as compared to Rs 253.44 crore (44.6 per cent of TIO). The company’s TE of Rs 412.1 crore (59.6 per cent of TIO) in Q1 included IPL Franchisee (Sun Risers Hyderabad) of Rs 85.05 crore (12.3 per cent of TIO), which is a non-recurring item during the other three quarters of the year. 

    Sun TV’s ‘Other Expenditure’ (OE) increased 30.6 per cent YoY to Rs 35.16 crore (6.1 per cent of TIO) as compared to Rs 26.93 crore (4.9 per cent of TIO) and was 12.3 per cent higher QoQ as compared to Rs 31.31 crore (5.5 per cent of TIO).

    Sun TV’s Employee Benefit Expense (EBE) in Q3-2016 increased 5.5 per cent YoY to Rs 58.73 crore (10.2 per cent of TIO) as compared to Rs 55.69 crore 10.1 per cent of TIO) and increased 3.2 per cent QoQ as compared to Rs 56.92 crore (10 per cent of TIO) in the immediate trailing quarter.

  • Q2-2016: Sun TV YoY revenue up 11.6%, PAT up 41.4%

    Q2-2016: Sun TV YoY revenue up 11.6%, PAT up 41.4%

    BENGALURU: Sun TV Network Limited (Sun TV) reported 11.6 per cent growth in standalone revenue (Total income from operations or TIO) in Q2-2016 (quarter ended 30 September, 2015, current quarter) at Rs 568.09 crore as compared to Rs 509.02 crore in Q2-2015, but 17.8 per cent less than the Rs 691.09 crore in Q2-2016.

     

    The company reported 41.4 per cent higher profit after tax (PAT) in the current quarter at Rs 213.38 crore (38.4 per cent margin) as compared to the Rs 154.47 crore (30.3 per cent margin) and10.7 per cent more than the Rs 197.28 crore (28.5 per cent margin) in Q1-2016.

     

    Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore

    All figures in this report are standalone.

     

    The company in its earnings release says that subscription revenues grew 10 per cent in the current quarter to Rs 197.42 crore as compared to the Rs 179.48 crore in the corresponding year ago quarter. Advertisement revenue in Q2-2016 increased 15.8 per cent to Rs301.37 crore as compared to Rs 260.26 crore in Q2-2016, but declined seven per cent from Rs 323.89 crore in the immediate trailing quarter.

     

    The board of directors of the company have decided not to declare any dividend for Q2-2016.

     

    Let’s look at the other numbers reported by Sun TV

     

    Sun TV’s total expenses (TE) in the current quarter at Rs 253.44 crore (44.6 per cent of TIO) was 15 per cent lower YoY than Rs 298.22 crore (58.6 per cent of TIO) and 38.5 per cent lower QoQ as compared to Rs 412.10 crore (59.6 per cent of TIO). The company’s TE in Q1 included IPL franchisee of Rs 85.05 crore (12.3 per cent of TIO), which is a non-recurring item during the other three quarters of the year.

     

    Sun TV’s ‘Other Expenditure’ (OE) is a major expense head that has declined QoQ by a huge margin. OE in Q2-2016 at Rs 31.31 crore (5.5 per cent of TIO) was 38.2 per cent more than the Rs 22.65 crore (4.4 per cent of TIO) in Q2-2015 and almost a third of the Rs 91.65 crore (13.3 per cent of TIO) in Q1-2016.

     

    Sun TV’s Employee Benefit Expense (EBE) in Q2-2016 increased 13.5 per cent to Rs 56.92 crore (10 per cent of TIO) as compared to the Rs 50.13 crore (9.8 per cent of TIO) in Q2-2015 and 4.4 per cent more than the Rs 54.51 crore (7.9 per cent of TIO) in the immediate trailing quarter.

  • Sun TV reports PAT of Rs 169.16 crore for Q2-2014; encores interim dividend

    Sun TV reports PAT of Rs 169.16 crore for Q2-2014; encores interim dividend

    BENGALURU: A media conglomerate with one of the largest Indian television networks, Sun TV Network Limited (Sun TV) reported a PAT of Rs 169.16 crore, up 11.5 per cent as compared to the PAT of Rs 151.65 crore for the corresponding quarter of last year (Q2-2013) and 2.9 per cent higher than the Rs 164.44 crore for the immediate preceding quarter, Q1-2014.

     

    Last quarter (Q1-2014), the board of directors of the company had declared an interim dividend of Rs 2.25 per share (45 per cent). This quarter the board has declared interim dividend of Rs 2.50 (50 per cent) per share of Rs 5 each.

     

    Let us look at the other Q2-2014 figures reported by Sun TV

     

    The company reported Rs 466.41 crore as income from operations for Q2-2014 up 7.6 per cent as compared to the Rs 433.34 crore for Q2-2013, and lower by 22.5 per cent as compared to the Rs 601.85 crore for Q1-2014. It must however be noted that Rs 98.54 crore revenue came from the company’s IPL franchisee Hyderabad Sunrisers in Q1-2013 as compared to the Rs 5.43 crore for Q2-2014.

     

    Sun TV reported a total turnover of Rs 504.21 crore for Q2-2013, up 13.8 per cent as compared to the Rs 44.95 crore for Q2-2013. The company had reported total turnover of Rs 615.24 crore including IPL Franchisee turnover for Q1-2014.

     

    Sun TV reported total expense of Rs 246.29 crore (NIL IPL franchisee fee) for Q2-2014, 12.9 per cent higher than the Rs 218.17 crore for Q2-2013, but 32.6 per cent lower than the Rs 365.59 crore (this includes IPL franchisee fee of Rs 85.05 crore) for Q1-2014. The expense of Rs 246.29 crore includes expense of Rs 8.51 crore of its Sunrisers Hyderabad IPL team.

     

    Of the major expense heads, Sun TV has reported Rs 48.27 crore as employee benefit expense for Q2-2014, as compared to the Rs 42.89 crore for the corresponding quarter last year and the Rs 44.21 crore for Q1-2014. Other expenditure at Rs 36.51 crore was almost a third more (32 per cent more) than the Rs 27.66 crore for Q2-2013 and less than half (49.4 per cent of) the Rs 73.94 crore for Q1-2014.

     

    The company has not reported the breakup of its revenue and expense as has been its norm in the past.