ITV

Tag: Sunrisers Hyderabad

  • Sunrisers Hyderabad pares Sun TV’s profits in Q1-2015; declares 45 per cent interim dividend

    Sunrisers Hyderabad pares Sun TV’s profits in Q1-2015; declares 45 per cent interim dividend

    BENGALURU: Sun TV Network Limited (Sun TV) reported almost flat (up 0.7 per cent) y-o-y PAT in Q1-2015 at Rs 165.64 crore (26.1 per cent of Income from Operations or TIO) as compared to the Rs 164.44 crore (27.3 per cent of TIO) in Q1-2014, but 16.2 per cent lower than the Rs 197.57 crore (38 per cent of TIO) reported in Q4-2014. The company’s IPL franchise reported a negative EBIDTA of Rs 43.45 crore, and the company’s Q1-2015 expenditure for the quarter includes the annual franchisee fee of Rs 85.05 crore.

     

    The board of directors of Sun TV have declared an interim dividend of Rs 2.25 per share (45 per cent) of face value of Rs 5 each.

     

    The company reported 21.8 per cent higher revenue in Q1-2015 at Rs 633.58 crore as compared to the Rs 520.18 crore in the immediate trailing quarter Q4-2014, and more by 5.3 per cent as compared to the Rs 601.85 crore in Q1-2014. These figures include revenue by Sun TV’s IPL franchisee. 

     

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

     

    Of the total media and entertainment revenues of Rs 633.58 crore reported by Sun TV in Q1-2015, Rs 520.17 crore came from broadcasting, while 113.41 crore came from the company’s SunRisers Hyderabad IPL franchisee, which reported operating costs of Rs 156.86 crore. During Q4-2014, the company reported an income of Rs 105.53 crore and costs of Rs 142.06 crore for SunRisers Hyderabad.

     

    Sun TV has reported advertising revenue at Rs 280.42 crore in Q1-2015

     

    Let us look at the other results reported by Sun TV for Q1-2015

     

    Sun TV reported a 47.1 per cent growth in Q1-2015 of Other Income to Rs 19.7 crore from Rs 13.39 crore in the year ago quarter and 49.6 per cent more than the Rs 13.17 crore in the immediate trailing quarter.

     

    Sun TV’s total expenditure in Q1-2015 at Rs 404.85 crore (63.9 per cent of TIO) was 10.7 per cent more than the Rs 365.59 crore (60.7 per cent of TIO) in Q1-2014 and 74.1 per cent more than the Rs 232.48 crore (63.9 per cent of TIO) in Q4-2014.

     

    The company’s depreciation and amortisation (depreciation) expense in Q1-2015 at Rs 138.99 crore (22 per cent of TIO) was 18.4 per cent more than the Rs 117.39 crore (19.5 per cent of TIO) in Q1-2014 and 23.7 per cent more than the Rs 112.33 crore (21.6 per cent of TIO) in Q4-2014.

     

    Sun TV’s cost of revenues in Q1-2015 has gone down 7 per cent to Rs 41.86 crore (6.6 per cent of TIO) from Rs 45 crore (7.5 per cent of TIO) in Q1-2014 and was 3.8 per cent lower than the Rs 43.51 crore (8.4 per cent of TIO) in Q4-2014.

     

    Sun TV’s other expenditure was up 26 per cent at Rs 93.18 crore (14.7 per cent of TIO) in Q1-2015 as compared to the Rs 73.94 crore (12.3 per cent of TIO) in Q1-2014 and a whopping 258 per cent (3.58 times) more than the Rs 26.01 crore in Q3-2014. 

  • IPL Franchise inflates revenues but erodes Sun TV profits for Q1-2014

    IPL Franchise inflates revenues but erodes Sun TV profits for Q1-2014

    BENGALURU: It‘s still early days yet considering the fact that the last Indian Premiere League‘s (IPL), sixth edition was the first one for the Sunrisers Hyderabad team, but the IPL venture did erode Rs 30.79 crore or about eight per cent of the Rs 384.44 crore EBIDTA reported by the Sun TV Network Limited (Sun TV) broadcasting business in Q1-2014.

    As stated above, excluding IPL, EBIDTA for Sun TV for Q1-2014 was Rs 384.44 crore, up 19 per cent as compared to EBIDTA reported for Q1-2013. Including the IPL negative EBIDTA, Q1-2014 EBIDTA was about 10 per cent higher at Rs 353.65 crore as compared to Rs 322.97 crore in Q1-2013.

    Let us take a look at the numbers reported by Sun TV Network Limited

    Sun TV‘s PBIDT (Profit before interest, depreciation and tax) for Q1-2014 grew by about nine per cent to Rs 367.04 crore from Rs 336.20 crore in Q1-2013. The network says that it‘s PAT (excluding IPL) at Rs 184.78 crore grew about 12 per cent.

    Sun TV reported revenues for Q1-2014 of Rs 601.85, including Rs 98.54 crore from IPL, a growth of 41 per cent over the Rs 425.25 crore for Q1-2013. Its broadcasting business grew 18 per cent in Q1-2014 to Rs 503.31 crore as compared to Q1-2013, and by 5.4 per cent as compared to the Rs 477.67 crore during Q4-2013.

    At the time of writing of this report, Sun TV has not filed the exact numbers of the break-up from the various revenue streams that contribute to its broadcasting business; it has indicated the growth percentages of the major revenue streams through a release.

    The network says that its advertisement revenue for Q1-2014 was up by approximately 15 per cent to Rs 279.73 crore.

    Sun TV says that its subscription revenues continue to maintain an uptrend with its cable TV business growing by approximately 38 per cent and its DTH subscription revenue growing by about 20 per cent in Q1-2014.

    Sun TV paid Rs 85.05 crore towards IPL franchise fees, subtracting these fees from its total expenses of Rs 365.59 crore for Q1-2014, the channel‘s expenses at Rs 280.54 crore jumped up 43.1 per cent as compared to Rs 196.05 per cent for Q1-2013 and were higher by 24.3 per cent as compared to the Rs 225.89 crore for Q4-2013.

    The network‘s ‘Other Expenses‘ for Q1-2014 more than trebled (up 261 per cent) to Rs 73.94 crore as compared to the Rs 20.50 crore for Q1-2013 and more than doubled (up 129.8 per cent) as compared to Q4-2014‘s Rs32.18 crore.

    At its meeting held on 2 August 2013, the board of directors of the company have declared an interim dividend of Rs 2.25 per share (45 per cent).

    Sun TV Network Ltd – Financial Report

    Sun TV Network Ltd – Financial Release

  • MakeMyTrip becomes principal sponsor of Sunrisers Hyderabad

    MUMBAI: MakeMyTrip, India’s leading travel company, has associated with Sunrisers Hyderabad as the ‘Principal Sponsor’ for the team. MakeMyTrip will also launch an innovative and exciting marketing campaign targeted at travelers and IPL fans in April.

    MakeMyTrip will launch a new campaign featuring an extension of the current brand promise. In the 360 degree campaign, MakeMyTrip will showcase the Sunrisers association through a TVC featuring the team’s players – Dale Steyn, Cameron White and Ishant Sharma.

    This will be aired to coincide with the launch of the IPL 2013 season. MakeMyTrip will simultaneously launch BTL and ATL activation through its website, retail stores and social media properties. MakeMyTrip customers and Sunrisers’ Fans can look forward to a Meet & Greet with the players as part of the activation.

    MakeMyTrip.com CEO & Founder Deep Kalra said, “We are delighted to partner with Sunrisers Hyderabad and reach out to millions of IPL fans through this association. The IPL beautifully demonstrates the synergies of the twin passions of Cricket and Travel, with fans following their teams to match-venues across different parts of the country. Together with our customers, we look forward to the IPL excitement and wish our team the very best.”

    Sunrisers Hyderabad CEO K Shanmugam added, “MakeMyTrip has been a pioneer in the category of Online Travel in India, and a harbinger of change. We are confident that they will ably partner us in our journey of reinvention and quest for success. We welcome them to the Sunrisers family and look forward to a successful association.”