SUN TV Announces Quarterly Results (1QFY21); Net Profit Down 25.9%

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SUN TV Announces Quarterly Results (1QFY21); Net Profit Down 25.9%
Thu, 10 Sep

SUN TV has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

SUN TV Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m11,0147,3526,061-17.6%-45.0%
Other incomeRs m5675701,08690.4%91.5%
TurnoverRs m11,5817,9227,147-9.8%-38.3%
ExpensesRs m4,1852,3171,896-18.1%-54.7%
Gross profitRs m6,8295,0354,165-17.3%-39.0%
DepreciationRs m1,5852,3281,455-37.5%-8.2%
InterestRs m211918-4.8%-14.9%
Profit before taxRs m5,7913,2593,77916.0%-34.7%
TaxRs m1,97275995125.3%-51.8%
Profit after taxRs m3,8192,5002,82813.1%-25.9%
Gross profit margin%62.068.568.7
Effective tax rate%34.123.325.2
Net profit margin%33.031.639.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 45.0% on a year-on-year (YoY) basis. The expenses were down by 54.7% YoY during the same period.
  • The company's operating profit declined by 39.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 68.7% in 1QFY21 as against 62.0% in 1QFY20.
  • Depreciation charges declined by 8.2% and finance costs declined by 14.9% YoY, respectively.
  • Other income increased by 91.5% YoY during the quarter.
  • Net profit for the quarter declined by 25.9% YoY. Net profit margins during the quarter increased from 33.0% in 1QFY20 to 39.6% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 17.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.1% QoQ during the same period.
  • The company's operating profit declined by 17.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 68.7% in 1QFY21 as against 68.5% in 4QFY20.
  • Net profit for the quarter increased by 13.1% QoQ, while net profit margins increased from 31.6% in 4QFY20 to 39.6% in 1QFY21.

To see how SUN TV has performed over the last eight quarters,please visit here.

Last 2 Days: Discover India's #1 defence stock now

SUN TV Share Price Performance

Over the last one year,SUN TV share price has moved up from Rs 439.8 to Rs 471.1, registering a Gain of Rs 31.3 or around 7.1%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 8,831.7 (up 0.0%). Over the last one year it has moved up from 7,854.8 to 8,831.7, a gain of 977 points (up 12.4%).

Overall, the S&P BSE SENSEX is up 3.5% over the year.

Current Valuations

At the current price of Rs 471.1, the price to earnings (P/E) ratio of SUN TV stands at 14.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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