ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Media sector. The brokerage house expects Sun TV to report net profit at Rs. 409.9 crore down 8.9% year-on-year (down 10.4% quarter-on-quarter).
Net Sales are expected to increase by 14.4 percent Y-o-Y (down 13.4 percent Q-o-Q) to Rs. 894.9 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 11.8 percent Y-o-Y (down 15.3 percent Q-o-Q) to Rs. 611.4 crore.
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