Sun TV Network Ltd’s revenues declined slightly for the quarter ended March 31, 2015, by 0.61% to Rs 548.58 crore from Rs 552 crore the last quarter. However, the revenues were up 5.45% from Rs 520.18 crore in the corresponding quarter last year. The company did not disclose its DTH or advertisement segment revenues for the quarter.
Note that Sun TV mentions the standalone figures for this quarter are the balancing figures between audited figures in respect of the full financial year end March 31, 2015, and the unaudited published year to date figures for December 31, 2014, which were only subjected to a limited review.
The company posted a net profit of Rs 202.99 crore this quarter, a decrease of 5.2% from Rs 214.13 crore last quarter, although an increase of 2.74% from Rs 197.57 crore the corresponding quarter last year. The slight losses reported by the company this quarter appear to be due to it reporting unaudited results the previous quarter.
FY15 results: For the year ended March 31, 2015 Sun TV reported standalone revenues of Rs 2243.62 crore, up 7% from Rs 2096.78 crore last year. The company posted overall profits of Rs 737.23 crore, up 2.82% from Rs 716.96 crore last year.
Overall the company reported consolidated revenues of Rs 2395.38 crore for the year ended FY15 and a profit of Rs 782.04 crore, up 7.72% and 4.54% from Rs 2223.62 crore revenues and Rs 748.01 crore profit last year.
Sun TV previously inked agreements to offer content from its television channel Sun TV on YouTube and iTunes globally on a pay-per-view basis in March last year. In addition to YouTube and iTunes, Sun TV has also tied-up with Mumbai-based Purple IFE Ltd to deploy its content as in-flight entertainment. In the past, Purple IFE has supplied regional content for in-flight entertainment to Emirates, Singapore Airlines, Air India, Ethihad, Jet Airways, Oman Air, British Airways, Cathay Pacific, Gulf Air and Qatar Airways.
The network currently operates satellite television channels across four languages – Tamil, Telugu, Kannada, and Malayalam. It also operates FM radio stations across India, and owns the SunRisers Hyderabad franchise in the IPL which it had won for an amount of Rs 85.02 crore per year, in October 2012.
Download: Financials (pdf)