Sun TV Network Ltd. News and Updates

Name: Latest research reports of Sun TV Network Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Sun TV Network Ltd.
Rating: 5
Author: Motilal Oswal

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Sun TV Network Ltd.

12 Aug 2018

628.80

1.27%

IPL drives strong earnings growth; upbeat outlook

Buy: Sun TV Network Ltd.

Target

Motilal Oswal

12 August 2018 SUNTV reported splendid 1QFY19 results, led by a steady growth in ad/subscription revenue (in-line) and a positive surprise from the IPL business. IPL revenue at INR3.9b (INR1.4b in 1QFY18) grew by 1.7x YoY, leading to a robust growth of 42% YoY in standalone revenue to INR11.2b (+56% QoQ, 15% beat). This provided an impetus to the steep growth of 64% YoY (41% QoQ) in EBITDA to INR7.3b (23% beat) and margin expanded by 860bp YoY to 65.6%. Consequently, PAT surged by 63% YoY (17% beat) to INR4.1b. The IPL business turned profitable with a bang PBT of INR2b v/s INR225m in 1QFY18 (43% beat), driving margins. Ad revenue jumped up by 20% YoY to INR3.6b (in-line), mainly on the back of a low base (GST impact). Digitization led to a growth of 21% YoY in DTH revenue and a growth of 4% YoY in cable revenue drove the uptick of 15% YoY in domestic subscription revenue (INR3.

Number of FII/FPI investors decreased from 280 to 263 in Mar 2025 qtr

Sun TV Network Ltd.

11 Aug 2018

628.80

1.27%

SUN TV reported better-than-expected operating profit, which was driven by beat in the IP...

Hold: Sun TV Network Ltd.

Target

Emkay

SUN TV reported better-than-expected operating profit, which was driven by beat in the IPL. IPL Revenue/EBITDA was 41%/55% higher than estimates. Ex-IPL EBITDA was down by 3% and EBIT was lower by 8%, impacted by higher amortization expenses. Ad growth of 17% was in line with estimate while domestic subscription growth of 16% was lower than our estimate of 20%. Management attributed higher base of subscription...

Sun TV Network Ltd. is trading above its 50 day SMA of 616.0

Sun TV Network Ltd.

30 Jul 2018

628.80

1.27%

SUN TV Networks : Improving viewership, digitization in TN to support earnings

Buy: Sun TV Network Ltd.

Target

Motilal Oswal

After being hurt by IPL in May 2018, and then by ARASU withdrawing feeds in June 2018, the viewership share for Sun TV channel has increased by 280bp in the last six weeks. Uptick in viewership share on resumption of ARASU feeds, new launches, and increasing share of commission-model-based shows should drive 13% CAGR in ad revenue over FY18-20. Foray into the Bangla genre (market size: INR7b), which is likely before the end of FY19, could cost ~INR1.5b annually, translating into 3-5% loss of PBT. However, it should expand SUNTV's target market and earnings growth potential

Sun TV Network Ltd. is trading below its 30 day SMA of 642.9

Sun TV Network Ltd.

06 Jul 2018

628.80

1.27%

Sun TV Network - The sun is rising again

Buy: Sun TV Network Ltd.

LKP Securities

driven by the digitization wave covering almost 50% of Tamil Nadu (TN) although there has been delay in it. Also the challenging political environment for proliferation of digitization which was prevalent till a year back has been eased with the demise of Jayalalithaa and Sun TV having signed a deal with Arasu cable. With the downward revision in the franchise fees by the BCCI and good performance by their team, the IPL business is expected to post spectacular results...

Sun TV Network Ltd. has an average target of 757.50 from 2 brokers.

Sun TV Network Ltd.

22 Jun 2018

628.80

1.27%

Sun TV Network: Rebound in viewership, market share unlikely in near term

Business Standard

The share of the company's flagship Tamil general entertainment channel continued to slide, from 44% in April to 42.4% in May and, to 40% now

Sun TV Network Ltd. is trading below its 30 day SMA of 642.9

Sun TV Network Ltd.

15 May 2018

628.80

1.27%

Brokers expect Sun TV to shine post Q4 results

Economic Times

IIFL, which has also upgraded the stock, expects Sun TV to grow in double digits at least going forward.

Sun TV Network Ltd. is trading below its 30 day SMA of 642.9

Sun TV Network Ltd.

14 May 2018

628.80

1.27%

Sun TV plans new channel, looks beyond South

Business Line

IPL franchisee may break-even during this fiscal on higher pool of revenue

Sun TV Network Ltd. is trading below its 30 day SMA of 642.9

Post healthy Q4, analysts turn bullish on Sun TV stock

Business Line | 14 May 2018

Sun TV Network Ltd.

14 May 2018

628.80

1.27%

Sun TV Network Ltd Q4FY18 results Comment

Results Update: Sun TV Network Ltd.

HDFC Securities

Revenue increased by 4.93% to Rs. 716.95 Cr in Q4FY18 when compared to the previous quarter. Sun TV Network Ltd Q4FY18 results Comment

Sun TV Network Ltd. has an average target of 757.50 from 2 brokers.

Sun TV Network Ltd.

14 May 2018

628.80

1.27%

Sun TV hits 8-month high on Q4 results

Business Line

Sun TV shares gained the most in over 8 months on strong Q4 show. Sun TV Network Ltd rose as much as 11.7 per cent to Rs 969.90, its biggest intraday

Sun TV Network Ltd. is trading above its 50 day SMA of 616.0

Sun TV Network Ltd.

14 May 2018

628.80

1.27%

Sun TV Network

Buy: Sun TV Network Ltd.

Centrum Broking

Q4FY18 result above expectation: Company posted revenue growth of 23.1% to Rs7170mn(5.2% above expectation) on the back of 23% YoY growth in advertisement & broadcast fee revenues while analog subscription revenues was up 47% and growth in DTH subscription revenue was 20% YoY. Operating profit was up 32.7% YoY to Rs5,224mn as operating margin expanded by 529bps to 72.9%. Depreciation and movie amortisation cost was up 55% leading to EBIT growth of 27%YoY with margins expansion by 184bps. PAT rose 23% YoY to Rs2,898mn (6% above expectations)....