Motilal Oswal has come with its September`12 quarterly earning estimates for media sector. According to the research firm digitization remains a strong theme for broadcasting and distribution stocks as most participants do not foresee a postponement in the digitization deadline of October 31 for metros.
Aggregate PAT for our media universe is expected to improve 10% YoY. Ad revenue trends remain sluggish but are likely bottoming-out. Headwinds for print companies seem to be receding on gradual decline in newsprint costs as well as sharp appreciation in the INR. Digitization remains a strong theme for broadcasting and distribution stocks as most participants do not foresee a postponement in the digitization deadline of October 31 for metros.
| Company | Sales | Net Profit | Ratings | ||||
| Sep.12 | Var. % YoY | Var. % QoQ | Sep.12 | Var. % YoY | Var. % QoQ | ||
| Dish TV | 5,406 | 12.1 | 4 | -100 | Loss | Loss | Neutral |
| HT Media | 4,982 | 1 | 1.7 | 403 | -8 | -0.9 | Neutral |
| Jagran Prakashan | 3,317 | 8.6 | 4.5 | 729 | 59.2 | 30.7 | Neutral |
| Sun TV | 4,491 | -0.5 | 5.5 | 1,787 | -0.8 | 8.8 | Buy |
| Zee Entertain | 8,640 | 20.3 | 2.5 | 1,598 | 2.4 | 1 | Neutral |
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