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Sun TV Q2 PAT seen up 8% to Rs 181.5 cr
Sun TV Network is expected to report a profit after tax of Rs 181.5 crore in the second quarter of FY12, a growth of 8% as compared to Rs 167 crore in the corresponding quarter of last fiscal.
Sun TV Network is expected to report a profit after tax of Rs 181.5 crore in the second quarter of FY12, a growth of 8% as compared to Rs 167 crore in the corresponding quarter of last fiscal.
Revenues are seen going up by 9% to Rs 462.7 crore versus Rs 425 crore during the same period.
EBITDA is likely to go up by 9% to Rs 362.6 crore in the quarter ended September FY12 as against Rs 332.3 crore in a year ago period.
Operating profit margin too is seen improving at 78.4% versus 78.2% year-on-year.
On quarter-on-quarter basis, revenues are expected to go up by 2% while PAT is likely to go down 3.2%.
*Watch for advertisement growth which is estimated to range between 5 to 10% YoY Q1 advertisement growth was sub par at 4% YoY to Rs 230 cr
*Subscription revenue is a monitorable due to possible impact of relaunch of Arasu Cable by TN Govt - it was relaunched without the Sun TV bouquet
*Also there was a E Tax put on DTH operators in Tamil Nadu of 30% expected to impact DTH subscription Subcription revenues up 17.6% YoY to Rs 140 crore a 23.5% + in DTH to Rs 84 crore and 9.8% in cable to Rs 56 crore
*Margins estimated to be maintained within the range of 77% to 80% In Q1 margins dropped 111 bps YoY to 80.6% due to a 43% rise in advertisement costs
