Sun TV Network reports PAT of Rs 250 cr in Q4 FY20; revenues up ~3%

Sun TV Network has reported that its revenues for the fourth quarter ended March 31, 2020 were up by ~3 per cent, excluding IPL and Movie Revenues. The revenues stood at Rs 735.16 crore, as against Rs 888.88 crore for the corresponding quarter ended March 31, 2019.

The subscription revenues for the quarter were up by ~25 per cent at Rs 398.78 crore, as against Rs 319.77 crore for the corresponding quarter ended March 31, 2019. EBITDA for Q4 FY2020 stood at Rs 503.51 crore, compared to Rs 608.40 crore for the previous quarter ended March 31, 2019.

Meanwhile, profit after taxes (PAT) for the current quarter stood at Rs 250 crore.

For the year ended March 31, 2020, the standalone revenues, excluding IPL and Movie revenues, were up by ~3 per cent. The revenues for the year stood at Rs 3,404.42 crore, as against Rs 3,663.27 crore for the corresponding year ended March 31, 2019.

The advertisement revenues for FY2020 were reported at Rs 1,336.91 crore, compared to Rs 1,426.67 crore for the previous year ended March 31, 2019. On the other hand, subscription revenues for the year were up ~18 per cent at Rs 1,562.23 crore, as against Rs 1,320.43 crore for FY2019.

EBITDA for the year ended March 31, 2020 was at Rs 2.236.06 crore, as against Rs 2,564.31 crore for the previous year ended March 31, 2019. Profit after tax stood at Rs 1,371.83 crore for FY2020, which was slightly lower than Rs 1,394.86 crore recorded in FY2019.

For the year ended March 31, 2020, Sun TV Network reported consolidated revenues of Rs 3,519.85 crore, which were a decline from Rs 3,782.54 crore recorded in FY2019. EBITDA stood at Rs 2,275.92 crore, as against Rs 2,606.68 crore for the previous year ended March 31, 2019. Profit after tax (after accounting for share from joint venture) stood at Rs 1,385.49 crore in FY2020, compared to Rs 1,433.68 crore in FY2019.