Saturday, November 6, 2021

SUNTV Deliver Good Results in Q2 | Stock Outlook


Sun TV Network Q2 PAT up 18.02% at Rs395.46cr on 39.8% growth in advertisement revenues

Sun TV Network reported 10.40% growth in total revenues for the Sep-21 quarter on consolidated basis at Rs848.67cr

Sun TV Network reported 10.40% growth in total revenues for the Sep-21 quarter on consolidated basis at Rs848.67cr. The revenues were up 3.64% on a sequential basis compared to Rs818.67cr in the Jun-21 quarter. 

The higher revenue performance was driven by a 39.8% growth in advertisement revenues even as subscription revenues remained tepid on a yoy basis.

The company has declared an interim dividend of 50% or Rs.2.50 per share on 05-Nov. This is in addition to the Rs.3.75% interim dividend declared on 13-August.

Net profits for the Sep-21 quarter were higher by 18.02% on yoy basis at Rs395.46cr. On a sequential basis, the net profit was higher by 8.28% compared to the Jun-21 quarter profits of Rs365.23cr.

Due to the sharp surge in advertisement revenues on yoy basis, the EBITDA also ended up higher at Rs.520.58cr, translating into EBITDA margins of 61.34%. Rs.

Net margins at 46.60% in the Sep-21 quarter was higher than 43.59% in the Sep-20 yoy quarter and also better than 44.60% in Jun-21 sequential quarter. H1 Revenues were up 20.9% at Rs1,668cr. The revenues from IPL Sunrisers Hyderabad is also included in revenues.

Stock Outlook 

Stock can test the levels of 834 in mid term. Hold and follow buy on dips.

Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

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