Sunrisers Hyderabad pares Sun TV’s profits in Q1-2015; declares 45 per cent

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BENGALURU:Sun TV Network
Limited(SunTV)reported almost
flat (up 0.7 percent) y-o-y PAT in Q1-2015 at Rs 165.64 crore(26.1
percent of Income from Operations
orTIO) as compared to the
Rs 164.44 crore (27.3 per cent of TIO) in
Q1-2014, but 16.2 per cent lower than the Rs
197.57 crore (38 per cent of TIO) reported in
Q4-2014. The company’s IPL franchise
reported a negative EBIDTA of Rs 43.45 crore,
and the company’s Q1-2015 expenditure for
the quarter includes the annual franchisee fee
of Rs 85.05 crore.
The board of directors of Sun TV have declared
an interim dividend of Rs 2.25 per share (45
per cent) of face value of Rs 5 each.
The company reported 21.8 per cent higher
revenue in Q1-2015 at Rs 633.58 crore as
compared to the Rs 520.18 crore in the
immediate trailing quarter Q4-2014, and more
by 5.3 per cent as compared to the Rs 601.85
crore in Q1-2014. These figures include
revenue by Sun TV’s IPL franchisee.
Note: 100,00,000 = 1 crore = 10 million =
100 lakh
Of the total media and entertainment revenues
of Rs 633.58 crore reported by Sun TV in
Q1-2015, Rs 520.17 crore came from
broadcasting, while 113.41 crore came from
the company’s SunRisers Hyderabad IPL
franchisee, which reported operating costs of
Rs 156.86 crore. During Q4-2014, the
company reported an income of Rs 105.53
crore and costs of Rs 142.06 crore for
SunRisers Hyderabad.
Sun TV has reported advertising revenue at Rs
280.42 crore in Q1-2015
Let us look at the other results reported by
Sun TV for Q1-2015
Sun TV reported a 47.1 per cent growth in
Q1-2015 of Other Income to Rs 19.7 crore
from Rs 13.39 crore in the year ago quarter
and 49.6 per cent more than the Rs 13.17
crore in the immediate trailing quarter.
Sun TV’s total expenditure in Q1-2015 at Rs
404.85 crore (63.9 per cent of TIO) was 10.7
per cent more than the Rs 365.59 crore (60.7
per cent of TIO) in Q1-2014 and 74.1 per cent
more than the Rs 232.48 crore (63.9 per cent
of TIO) in Q4-2014.
The company’s depreciation and amortisation
(depreciation) expense in Q1-2015 at Rs
138.99 crore (22 per cent of TIO) was 18.4 per
cent more than the Rs 117.39 crore (19.5 per
cent of TIO) in Q1-2014 and 23.7 per cent
more than the Rs 112.33 crore (21.6 per cent
of TIO) in Q4-2014.
Sun TV’s cost of revenues in Q1-2015 has gone
down 7 per cent to Rs 41.86 crore (6.6 per
cent of TIO) from Rs 45 crore (7.5 per cent of
TIO) in Q1-2014 and was 3.8 per cent lower
than the Rs 43.51 crore (8.4 per cent of TIO)
in Q4-2014.
Sun TV’s other expenditure was up 26 per cent
at Rs 93.18 crore (14.7 per cent of TIO) in
Q1-2015 as compared to the Rs 73.94 crore
(12.3 per cent of TIO) in Q1-2014 and a
whopping 258 per cent (3.58 times) more than
the Rs 26.01 crore in Q3-2014. http://www.indiantelevision.com/television/tv-channels/regional/sunrisers-hyderabad-pares-sun-tv-s-profits-in-q1-2015-declares-45-per-cent-interim-dividend-140808
 
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