Sun TV Sees Muted Recovery In Q3: Dolat Capital
A person use a remote control to change TV channels at a home. (Photographer Matias Delacroix /Bloomberg)

Sun TV Sees Muted Recovery In Q3: Dolat Capital

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Dolat Capital Report

Sun TV Network Ltd.’s Q3 FY21 was ahead of estimates led by higher-than expected revenue/Ebitda in Indian Premiere League.

Core broadcast business revenue/Ebitda/adjusted profit after tax were down 6.4/down 10.2/up 2.3% YoY.

Advertising/domestic subscription revenues were down 9.5%/up 3% YoY.

The company declared an interim dividend of five rupees per share (versus Rs 7.5 per share last year).

Management remains committed on acceleration of investments in digital business from future-proofing perspective. But, there had been disconnect and delays in intent and execution. Thus delivery would be crucial.

Click on the attachment to read the full report:

Dolat Capital Sun TV Q3FY21 Result Update.pdf


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