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Sun TV reports 21% increase in profit as subscription revenues rise by 17%

suntv

Broadcaster Sun TV has reported revenues of Rs 625.49 crore for the quarter ended 30th September 2016, up 10.2% from Rs 567.55 crore in the same quarter last year. Sequentially, the company’s revenues declined 34% from Rs 760.83 crore. Sun TV did not provide a breakdown of cable TV and DTH subscriptions this quarter. Note that last week, competing DTH service providers Videocon and Dish TV merged operations, and now claim to have a combined user base of 27.6M. More financial info:

Subscription revenues: up 17% year-on-year to Rs 228.55 crore.
Advertising revenues: up by around 2% at Rs 309.43 crore for the quarter, from Rs 302.93 crore in the same quarter last year.
EBITDA: up by 8.32% at Rs 466.32 crore as compared to Rs 430.52 crore in the same quarter last year.
Profits after tax: up by 21.7% at Rs 270.35 crore, compared to Rs 222.07 crore for the corresponding quarter last year.

Apart from Cable and DTH services, the Sun TV network currently operates satellite television channels (in Tamil, Telugu, Kannada, and Malayalam), FM radio stations across India, and owns the SunRisers Hyderabad franchise in the cricket leage IPL. The IPL is an annual tournament, and hence no revenues have been accounted during this quarter. Last quarter (Q1FY17), income from the IPL franchise stood at Rs 144.04 crore.

 

Digital deals

Sun TV has partnerships with a few digital streaming providers to offer its content to Internet users. This includes a tie-up with Hungama for Telugu content and a partnership with HOOQ to carry its library of Tamil, Telugu, Malayalam and Kannada films.

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Download: Press release and financials

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