SUN TV Network reports 23% revenue growth in March 2018 Quarter

The network reported better numbers across all significant parameters for the quarter ended on 31st March 2018 as compared to the to the corresponding quarter last year

by exchange4media Staff
Published - May 12, 2018 9:59 AM Updated: May 12, 2018 9:59 AM
SUN Network

SUN TV Network Limited has reported better numbers across all significant parameters for the quarter ending March 31 2018, as compared to the corresponding quarter last year. The Board of Directors declared an interim dividend of Rs 2.50 per share (50%) each at their Board meetings held on August 11, 2017, November 10, 2017, February 9, 2018 and March 12, 2018.

Their Q4 18 results reported revenue growth of 23% at Rs 716.95 crores, as against Rs 582.50 crores for the corresponding quarter ending March 31, 2017. The subscription revenue for the quarter was up by 28% at Rs 308.84 crores, as against Rs 241.90 crores for the corresponding quarter ending March 31, 2017.

SUN Network’s EBITDA for the quarter ending March 31, 2018 was up by 33% at Rs 522.40 crores as against Rs 393.64 crores for the previous quarter that ended 31st March 2017.

The profit after taxes for the current quarter was up 23% at Rs 289.76 crores as against Rs 235.91 crores for the corresponding quarter that ended 31st March, 2017.

For the year ending on 31st March, 2018, the Standalone Revenues was up by 12% at Rs 2,862.45 crores, as against Rs 2,558.25 crores for the corresponding year that ended 31st March, 2017. 

The Subscription Revenues for the year continued to maintain a healthy growth, up 19 % at Rs. 1,141.20 crores, as against Rs 961.41 crores for the previous year ended 31st March, 2017. 

EBITDA for the year ended 31st March 2018 was up 13% at Rs 1,959.48 crores as against Rs 1,736.97 crores for the previous year ended 31st March 2017. 

The Profit after Taxes was up by 12% at Rs.1 ,093.04 crores for the year ended 31st March, 2018 as against Rs 979.41 crores for the previous year ended 31st March, 2017. 

For the year ended 31st March 2018, the Consolidated Revenues was up by 12% at Rs 2 ,963.02 crores, as against
Rs 2,645.72 crores for the corresponding year ended 31st March, 2017.

The results for the year ended March 31, 2018 includes income from the Company's IPL franchise Sun Risers Hyderabad of Rs 146.81 crore.

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