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.

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

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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SUN TV Announces Quarterly Results (3QFY20); Net Profit Up 6.3% (Quarterly Result Update)

Feb 19, 2020 | Updated on Feb 19, 2020

For the quarter ended December 2019, SUN TV has posted a net profit of Rs 4 bn (up 6.3% YoY). Sales on the other hand came in at Rs 8 bn (down 9.9% YoY). Read on for a complete analysis of SUN TV's quarterly results.

SUN TV Announces Quarterly Results (1QFY20); Net Profit Down 6.7% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, SUN TV has posted a net profit of Rs 4 bn (down 6.7% YoY). Sales on the other hand came in at Rs 11 bn (down 1.7% YoY). Read on for a complete analysis of SUN TV's quarterly results.

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