Page 2 - Sun Tv
Sun TV Q2 PAT rises 18% to Rs 395.5 cr; declares interim dividend of Rs 2.5
Sun TV Networks Ltd on Friday reported a consolidated profit after tax (PAT) of Rs 395.55 crore for the second quarter ended September 30. The company had reported a PAT of Rs 335.02 crore in the July-September period a year ago, Sun TV Network said in a BSE filing. Its revenue from operations was Rs 848.67 crore during the period. It was Rs 768.69 crore in the corresponding quarter of the previous fiscal. Sun TV Networks total expenses were Rs 385.20 crore in Q2 of FY 2021-22. Sun TV Networks said due to the outbreak of the COVID-19 pandemic, and the consequent lockdown has impacted the regular business operations of the group. "The results for the quarter and six months ended September 30, 2021, are therefore not comparable with those for the earlier periods presented, Sun TV said. The results for the quarter and six months ended September 30, 2021, includes income from the company's IPL franchise SunRisers Hyderabad for season 2021 (partial) of Rs 51.63 crore and corresponding
 "Sun TV Q2 PAT rises 18% to Rs 395.5 cr; declares interim dividend of Rs 2.5")
Weak signals emerge for Sun TV due to lower OTT spending, ad growth
Muted dividend amid a mountain of cash did not go well with investors
 "Weak signals emerge for Sun TV due to lower OTT spending, ad growth")
Television broadcast major Sun Network registers 11% growth in net profit
The advertisement revenues for the year was at Rs 994.03 crore as against Rs 1,336.91crore for the previous year
 "Television broadcast major Sun Network registers 11% growth in net profit")
Advertising recovery, near-term gains from IPL to support Sun TV stock
Subscription growth is expected to remain healthy in the near term
 "Advertising recovery, near-term gains from IPL to support Sun TV stock")
Poor connection for Sun TV investors even as firm gets tougher on content
Persistent weakness in advertising revenue, challenging outlook may drag company's earnings
Sun TV to invest Rs 500 cr in OTT and movies, strengthen regional channels
Rs 250 crore will be spent on its Sun NXT initiative, sizeable investments would go toward Bengali and Marathi, which are potentially larger markets than Malayalam
 "Sun TV to invest Rs 500 cr in OTT and movies, strengthen regional channels")
Sun TV profit up 18% at Rs 442 cr, revenues rise by 19% in Dec quarter
The Sun TV stock ended 0.71 per cent down, at Rs 549 per share, on BSE on February 8
Sun TV to invest around Rs 600 cr in movies and content for OTT platform
Commenting on the advertisement market, the company said that in October advertisement revenue recovered to over 80 per cent of pre-Covid levels
Sun TV's Kalanithi Maran, wife Kavery highest-paid executives in FY20
The promoters had decided to keep their salaries at the current level three years ago.
 "Sun TV's Kalanithi Maran, wife Kavery highest-paid executives in FY20")
Strong growth in subscription revenue drives gains for Sun TV in June qtr
Further uptick depends on recovery in advertising rates
Sun TV zooms 10% post June quarter earnings; Nomura maintains 'Buy'
The media conglomerate said that revenues are close to 75 per cent of the pre-COVID levels
 "Sun TV zooms 10% post June quarter earnings; Nomura maintains 'Buy'")
Revenues are close to 75% of pre-coronavirus levels, says Sun TV
Speaking to investors, S L Narayanan, Group CFO, Sun TV Network said, capex depends on how quickly the theaters restart
Sun TV pre-tax profit drops by 40% to Rs 352 cr in Q1, revenue at Rs.606 cr
40% drop in revenue, largely due to absence of IPL and movie distribution
Sun TV sees ad revenue picking up in Q2 of FY21 on improved viewership
The Sun TV channel has seen its gross rating points (GRPs) rise to 1,600 in the Pongal festival in January, from less than 1,000 in June 2019
Stock calls by Sameet Chavan of Angel Broking: Buy Sun TV Network, Lupin
Once the banking stocks start chipping in, the Nifty is likely to reclaim 12,220 - 12,300 in coming weeks
 "Stock calls by Sameet Chavan of Angel Broking: Buy Sun TV Network, Lupin")
Subscriptions likely to brighten Sun TV's prospects amid economic slowdown
Investors should await ad revenue growth revival before tuning in
Top headlines: Sebi tightens default disclosure norms, India's sops, & more
Here are the top news stories that made headlines today
 "Top headlines: Sebi tightens default disclosure norms, India's sops, & more")
Sun TV standalone pre-tax profit down 26% to Rs 400 cr, income up 7%
Subscription revenue up 17% at Rs 397 cr, EBITDA for quarter at Rs 469 crore as against Rs 554 crore a year ago
Sun TV's income from movie distribution rises to Rs 223.36 crore in FY19
The company also said that it used to have Rs 400-500 crore for purchase of movies for its television channels but now it is reallocating some of the budget to movie production
Sun TV Network plans to invest Rs 150 crore into OTT content platform
Expects market slowdown to impact advertisement revenue
 "Sun TV Network plans to invest Rs 150 crore into OTT content platform")