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

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.