suntv

Sun TV Network Ltd’s revenues increased 5.39% to Rs 598.72 crore for the quarter ended December 31, 2015 from Rs 568.09 crore in the last quarter. The revenues were up by 4% from Rs 575.03 crore in the corresponding quarter last year.

For this quarter, Sun TV’s advertising revenue went up 2% year-on-year to Rs 298.35 crore. On a sequential basis, the advertising revenues were down 1% from Rs 301.37 crore.

DTH subscription revenues were up 14% year-on-year to Rs 150.88 crore. On a sequential basis, DTH revenues decreased 23.57% from Rs 197.42 crore.

During the quarter, the EBITDA was up by 3% at Rs 440.44 crore as compared to Rs 427.80 crore in the same quarter last year. The profits after tax for the quarter was up by 1% at Rs.215.59 crore, as against Rs 214.14 crore for the corresponding quarter last year.

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.

Other developments

– Sun TV’s board said that they examined a buyback of shares and decided it would not pursue the same for the time being.

– During the quarter, video streaming platform HOOQ expanded its library and signed a multi-year deal with Sun TV. According to the deal,  HOOQ will carry Sun TV’s library that includes a mix of films in Tamil, Telugu, Malayalam and Kannada.

– In August, it was reported that Sun TV would be investing Rs 405 crore to acquire movie rights for satellite broadcasts. The move was expected to strengthen Sun’s existing library of 11,000 titles.