Sun TV

Sun TV stock outlook: Prolonged weakness in ad revenue, coupled with risk around market share loss, and strong competition from deep-pocketed OTT players continued to pose concerns

Sun TV Networks Ltd on Friday reported a decline of 5.48 per cent in its consolidated profit after tax at Rs 559.58 crore in the first quarter ended June 2024. The company had reported a PAT (profit after tax) of Rs 592.08 crore in the April-June period a year ago, according to a BSE filing from Sun TV Network, one of the largest broadcasters. Its revenue from operations was down 2.72 per cent to Rs 1,312.40 crore during the quarter under review. It was at Rs 1,349.22 crore in the year-ago period. Sun TV Networks' total expenses increased 10 per cent to Rs 709.12 crore in the June quarter of FY25. The total income of Sun TV Networks in the June quarter was marginally down to Rs 1,459.20 crore. The board of the company at its meeting held on Friday declared an interim dividend of Rs 5 per share. Sun TV Network operates satellite television channels across six languages -- Tamil, Telugu, Kannada, Malayalam, Bangla and Marathi, and airs FM radio stations across India. It also owns

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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

Muted dividend amid a mountain of cash did not go well with investors

The advertisement revenues for the year was at Rs 994.03 crore as against Rs 1,336.91crore for the previous year

Subscription growth is expected to remain healthy in the near term

Persistent weakness in advertising revenue, challenging outlook may drag company's earnings

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

The Sun TV stock ended 0.71 per cent down, at Rs 549 per share, on BSE on February 8

Commenting on the advertisement market, the company said that in October advertisement revenue recovered to over 80 per cent of pre-Covid levels

The promoters had decided to keep their salaries at the current level three years ago.

Further uptick depends on recovery in advertising rates

The media conglomerate said that revenues are close to 75 per cent of the pre-COVID levels