SUN TV Announces Quarterly Results (3QFY20); Net Profit Up 6.3%
Wed, 19 Feb

SUN TV has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

SUN TV Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m9,0457,9568,1502.4%-9.9%
Other incomeRs m516721636-11.9%23.3%
TurnoverRs m9,5608,6778,7861.2%-8.1%
ExpensesRs m2,3733,2682,346-28.2%-1.1%
Gross profitRs m6,6724,6875,80423.8%-13.0%
DepreciationRs m1,7611,4441,436-0.5%-18.4%
InterestRs m72019-6.1%162.0%
Profit before taxRs m5,4203,9454,98526.4%-8.0%
TaxRs m1,9072801,250346.8%-34.4%
Profit after taxRs m3,5133,6653,7351.9%6.3%
Gross profit margin%73.858.971.2
Effective tax rate%35.27.125.1
Net profit margin%36.742.242.5
* 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 9.9% on a year-on-year (YoY) basis. The expenses were down by 1.1% YoY during the same period.
  • The company's operating profit declined by 13.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 71.2% in 3QFY20 as against 73.8% in 3QFY19.
  • Depreciation charges declined by 18.4% and finance costs increased by 162.0% YoY, respectively.
  • Other income increased by 23.3% YoY during the quarter.
  • Net profit for the quarter increased by 6.3% YoY. Net profit margins during the quarter increased from 36.7% in 3QFY19 to 42.5% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 28.2% QoQ during the same period.
  • The company's operating profit increased by 23.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 71.2% in 3QFY20 as against 58.9% in 2QFY19.
  • Net profit for the quarter increased by 1.9% QoQ, while net profit margins increased from 42.2% in 2QFY19 to 42.5% in 3QFY20.

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

Get Details: First Stock to Potentially Accumulate Rs 7 Crore Long-term Wealth

SUN TV Share Price Performance

Over the last one year,SUN TV share price has moved down from Rs 557.6 to Rs 491.7, registering a Loss of Rs 65.9 or around 11.8%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 8,223.0 (up 0.2%). Over the last one year it has moved up from 7,414.0 to 8,223.0, a gain of 809 points (up 10.9%).

Overall, the S&P BSE SENSEX is up 16.1% over the year.

Current Valuations

At the current price of Rs 491.7, the price to earnings (P/E) ratio of SUN TV stands at 13.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.5 times.