Sun TV Q1 PAT may dip 16.2% YoY to Rs. 320.2 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-July’ 20) earnings estimates for the Media sector. The brokerage house expects Sun TV to report net profit at Rs. 320.2 crore down 16.2% year-on-year (up 28.1% quarter-on-quarter).

Net Sales are expected to decrease by 43.9 percent Y-o-Y (down 17.6 percent Q-o-Q) to Rs. 606.1 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 36.1 percent Y-o-Y (down 13.4 percent Q-o-Q) to Rs. 436.1 crore.

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