Moneycontrol
Nov 09, 2017 06:11 PM IST | Source: Moneycontrol.com

Sun TV likely to post 2% higher PAT at RS 276 crore; EBITDA seen at Rs 478 crore

The revenue is seen higher by 6 percent at Rs 660 crore against Rs 625 crore year on year.

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Sun TV is likely to post 2 percent rise in profit after tax (PAT) at Rs 276 crore against Rs 270 crore posted during the same period last year, CNBC-TV18’s poll of analysts has revealed.

The revenue is seen higher by 6 percent at Rs 660 crore against Rs 625 crore year on year.

The earnings before interest, taxes, depreciation and amortisation (EBITDA) could rise by 3 percent at Rs 478 crore against Rs 466 crore during the same period of last year.

The operating margin is seen slightly lower at 72.5 percent against 74.5 percent last year.

Analysts highlight that the ad revenue growth was expected between 2 and 4 percent due to cautious ad spends largely due to GST.

They also believe that subscription revenues is likely to grow by 14%, due to digitization in Tamil Nadu. Analysts also expect margins to contract due to higher content costs. Having said that, they expect programming costs and promotional expenses are also expected to go higher.
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