Sun TV Network Ltd's Q4FY18 standalone net profit rises 22.83% yoy to Rs289.76cr : Beats Estimates

The company’s standalone revenue stood at Rs716.95cr, up 23.08% yoy and 4.93% qoq.

May 11, 2018 12:05 IST India Infoline Research Team

Sun TV Network Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 716.95 23.1
EBITDA 522.40 32.7
EBITDA Margin (%) 72.86 528
Net Profit (adjusted) 289.76 22.8
***EBITDA margin change is bps


Reco. Price


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Sun TV Network Ltd’s revenue grew by 23.1% yoy and 4.9% qoq to Rs717cr driven by strong subscription and advertisement revenue growth. EBITDA came in at Rs522cr, up 32.7% yoy and 6.2% qoq. EBITDA margin expanded by 528bps yoy and 85bps qoq to 72.86%. Adjusted PAT grew by 22.8% yoy and 8.5% qoq to Rs289.8cr. Revenue, EBITDA and PAT came above estimates of Rs6,816cr, Rs481cr and Rs267cr respectively.

• Employee benefit expenses grew by 18.4% yoy to Rs76cr.
• Depreciation and amortisation expenses grew by 55.3% yoy to Rs119cr.
• Operating expenses grew by 17.8% yoy to Rs72.7cr, which is lower than the revenue increase aiding in profitability expansion.
• Other expenses declined by 27.2% on yoy basis. 
• Advertisement and Subscription revenue grew by ~26% and ~28% yoy respectively in Q4FY18.

Technical View:

Sun TV Network Ltd is currently trading at Rs. 879.85, up by 24.5 points or 2.86% from its previous closing of Rs. 855.35 on the BSE.
The scrip opened at Rs. 864.20 and has touched a high and low of Rs. 881 and Rs. 840.30 respectively. So far 17,71,806 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

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