Quarterly Result: Sun TV Network Ltd.
Bhagyashree Vivarekar / 11 Nov 2016
Sun TV Network Ltd., is currently trading at Rs. 512.1, down by 21 points or 3.94% from its earlier closing of Rs. 533.1 on the BSE.The company's net profit has surged 21.7% yoy to Rs 270.35 cr owing to rise in scale of operations and 78% yoy upsurge in other income.
Technical View:
Sun TV Network Ltd., is currently trading at Rs. 512.1, down by 21 points or 3.94% from its earlier closing of Rs. 533.1 on the BSE.
The scrip has touched a high and low of Rs. 531.05 and Rs. 507.5 respectively, after opening at 526.05. In totality 904475(NSE+BSE) shares were traded on the counter; and the stock is currently trading below its 50 DMA.
Standalone Results Q2FY17:
Sun TV Network Ltd., has reported standalone Q2FY17 results.
The quarter's revenue has grown 10.2% yoy to Rs 625.49 cr. This was majorly owing to 17% yoy upsurge in subscription revenue to Rs 228.55 cr.
Sun TV's EBITDA has soared 8.3% yoy to Rs 466.32 cr. However, EBITDA margins have dropped 131 bps to 74.6% yoy. Employee remuneration & benefits has registered a surge of 21% yoy to Rs 71.83 cr.
The company's net profit has surged 21.7% yoy to Rs 270.35 cr owing to rise in scale of operations and 78% yoy upsurge in other income.
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