Sun Tv Network Ltd.'s Q2FY17 standalone net profit rises 21.7% yoy to Rs 270.35 crore

India Infoline Research Team | November 11, 2016 17:25 IST

Sun TV Network Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 625.49 10.2
EBITDA 466.32 8.3
EBITDA Margin (%) 74.6 [131]
Net Profit (adjusted) 270.35 21.7
***EBITDA margin change is bps

Sun TV Network Ltd reported standalone Q2FY17 results.
Revenue for the quarter grew 10.2% yoy to Rs 625.49 cr. This was due to 17% yoy increase in subscription revenue to Rs 228.55 cr.

EBITDA increased by 8.3% yoy to Rs 466.32 cr. However, EBITDA margins declined 131 bps to 74.6% yoy. Employee expense has increased 21% yoy to Rs 71.83 cr.

Net profit increased 21.7% yoy to Rs 270.35 cr on the back of increase in scale of operations and 78% yoy increase in other income.
Technical View: 

Sun TV Network Ltd is currently trading at Rs. 512.1, down by 21 points or 3.94% from its previous closing of Rs. 533.1 on the BSE.
The scrip opened at Rs. 526.05 and has touched a high and low of Rs. 531.05 and Rs. 507.5 respectively. So far 904475(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
BSE 493.10 55.35 (12.64%)
NSE 492.60 55.90 (12.80%)

***Note: This is a NSE Chart

 

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