SUN TV Network Revenues up 53%, PAT up 43%

Highlights:

• For the quarter ended 30th June ’10 , Revenues up ~53 % to Rs.440.44 crores;
• For the quarter ended 30th June’10, EBITDA higher at ~82 % to Rs.359.90 crores;
• For the quarter ended 30th June’10, PAT up ~43 % to Rs.170.96 crores

Sun TV Network Limited, one of the largest Television Broadcasters in India, operating 20 Satellite Television Channels across four languages of Tamil, Telugu, Kannada and Malayalam and presently airing 43 FM radio stations across India reported its results for the quarter ended 30th June, 2010. Sun TV Network Limited has posted a healthy growth of 53% in the revenues to Rs.440.44 crores with a sharp increase of 5% in EBITDA % from 77.74% to 81.71%. The growth in the revenues have been largely a function of the sustained advertising growth and subscription revenue contributed thro’ a well-diversified mix of clients (national, regional and local) across multiple product categories.

HIGHLIGHTS:

Total Income for the quarter ended 30th June 2010 up 49.64% to Rs.451.72 crores in comparison to Rs.301.88 crores during the previous quarter ended 30th June 2009. Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter ended 30th June, 2010 grew by 60.95% to Rs.359.90 crores as compared to Rs.223.61 crores in the previous quarter ended 30th June, 2009. The Net Profit (PAT) rose by 42.70 % to Rs.170.96 crores for the quarter ended 30th June, 2010 as compared to Rs.119.80 crores in the previous quarter ended 30th June 2009.

FOR THE QUARTER ENDED 30th JUNE ’2010, the Revenues grew by 53.12 % to Rs.440.44 crores as against Rs.287.65 crores and with the Other income of Rs.11.28 crores, the Total Income was Rs.451.72 crores as against Rs.301.88 crores. During the Quarter ended 30th June’2010, E B I T D A was higher by 5.12% to 81.71% at Rs.359.90 crores, as compared to Rs.223.61 crores in the previous quarter ended 30th June’2009. The Profit before interest, tax, depreciation and amortization (PBIDT) for the quarter was also higher by 56.06 % at Rs.371.18crores, as compared to Rs.237.84 crores in the previous quarter ended 30th June 2009.

The Net Profit (PAT) also was higher by 42.70% at Rs.170.96 crores during the current quarter in comparison to Rs. 119.80 crores for the previous quarter ended 30th June 2009. Accordingly, the Earnings per share as of 30th June 2010 registered an increase of 42.70% to Rs.4.34 (Face Value Rs.5/-) as against Rs.3.04 per share as on 30th June 2009.