SUN TV Network Limited
Earnings Release for the third quarter ended 31st December 2008. Total Income up 23%
Chennai, India January 27, 2009: Sun TV Network Limited, one of the largest Television Broadcasters in India, operating 20 Satellite Television Channels across four languages of Tamil, Telugu, Kannada and Malayalam and presently airing 42 FM radio stations across India reported its standalone results for the quarter and nine months ended 31st December, 2008. Highlights: Total Income for the quarter ended 31st December 2008 up 23% to Rs.28,527 lakhs in comparison to the corresponding quarter last financial year. Earnings before interest, tax, depreciation and amortization (E B I T D A) for the quarter ended 31st December, 2008 grew by 18 % to Rs.20,126 lakhs, as compared to Rs.17,102 lakhs in the previous quarter. The Net Profit (PAT) rose by 9.72 % to Rs.11,224 lakhs for the quarter ended 31st December, 2008 as compared to Rs.10,230 lakhs in the previous quarter. For the Nine months ended 31st December’2008, the Total Income was up by about 21 % to Rs.79,964 lakhs as against Rs.66,100 lakhs and Net Profit (PAT) also was higher by about 17 % at Rs.32,309 lakhs during the same period in comparison to the previous period. FOR THE QUARTER ENDED 31ST DECEMBER’2008 the Total income has grown by about 23 % to Rs.28,527 lakhs, in comparison to Rs.23,199 lakhs for the
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Earnings Release for the third quarter ended 31st Dec 2008
quarter ended 31st December, 2007. The Revenues during the same period is higher by 24.36 % at Rs.27,083 lakhs as against Rs.21,778 lakhs in the previous quarter. The Earnings before interest, tax, depreciation and amortization (E B I T D A) for the quarter ended 31st December, 2008 grew by 18 % to Rs.20,126 lakhs, as compared to Rs.17,102 lakhs in the previous quarter. The Profit before interest, tax, depreciation and amortization (P B I D T) for the quarter ended 31st December, 2008 was higher by 16 % at Rs.21,570 lakhs, as compared to Rs.18,523 lakhs in the previous quarter The Net Profit (PAT) rose by 9.72 % and at 39 % of total income was Rs.11,224 lakhs for the quarter ended 31st December, 2008 as compared to Rs.10,230 lakhs in the previous period. The accelerated growth in the subscription revenues from the DTH platform continued in the current quarter as well with the Sun TV Network being viewed by about 3.30 million subscribers across India and it is expected that revenues from DTH subscription will continue to be an important growth driver. This quarter also recorded an increase of about 5 % in the Cable Revenue subscription vis-à-vis the previous quarter ended 30th September’2008. During the third quarter, Sun Pictures, a division of Sun TV Network released two movies in Tamil language, viz., “Thenavattu” and “Dindigul Sarathy” which have done well in the theaters. Sun Pictures also announced that it is producing the movie titled “ENDHIRAN (The ROBOT)” with a star cast of Superstar Rajinikanth and Aishwarya Rai and directed by Shankar with Music by AR Rahman. The film will be
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Earnings Release for the third quarter ended 31st Dec 2008
released simultaneously in Tamil, Telugu, Hindi and other languages by the end of this year. FOR THE NINE MONTHS ENDED 31ST DECEMBER’2008, the Revenues grew by about 19 % to Rs.73,228 lakhs as against Rs.61,457 lakhs and with the increase in Other income by about 45 % to Rs.6,736 lakhs, the Total Income was up by about 21 % to Rs.79,964 lakhs as against Rs.66,100 lakhs. During the Nine months ended 31st December’2008, E B I T D A was higher by 19 % at Rs.54,648 lakhs, as compared to Rs.46,077 lakhs in the previous nine months ended 31st December’2007. The Profit before interest, tax, depreciation and amortization (PBIDT) for the same period was also higher by about 21 % at Rs.61,384 lakhs, as compared to Rs.50,720 lakhs in the previous period. The Net Profit (PAT) also was higher by about 17 % at Rs.32,309 lakhs during the same period in comparison to Rs.27,553 lakhs for the previous period. Accordingly, the Earnings per share as of 31st December’08 registered an increase of about 17 % to Rs.8.20 (Face Value Rs.5/-) as against Rs.6.99 per share as on 31st December’07. IN COMPARISON WITH THE PRECEDING QUARTER ENDED 30TH SEPTEMBER ’2008 the Revenues grew by about 14 % to Rs.27,083 lakhs as against Rs.23,788 lakhs and the Total Income grew by about 4 % to Rs.28,527 lakhs as against Rs.27,503 lakhs. The Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter ended 31st December’08 was at 74 % at Rs.20,126 lakhs, as compared to Rs.17,633 lakhs (74%) in the preceding quarter ended 30th September’08. The Net Profit (PAT) for the quarter ended 31st
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Earnings Release for the third quarter ended 31st Dec 2008
December’2008 was Rs.11,224 lakhs in comparison to Rs.10,831 lakhs previous quarter ended 30th September’08. INTERIM DIVIDEND: The Board of Directors has declared an Interim Dividend of 30%., i.e., Rs.1.50 per equity share of face value of Rs.5.00 each. The Record date has been fixed as 3rd February’09 and the date of payment is on or after 5th February ’09. Sun TV Network has been able to continue its advertising growth because of a welldiversified mix of clients (national, regional and local) across multiple product categories.
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