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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -2.73 % over the year, substantial increase in net sales/revenue by 36.53 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 22.36 %. Marginal increase in other income during this quarter, up by 4.92%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Sun TV Network Limited. Profit dropped by -5.46 % Year to Year, Sun TV Network Limited’s profitability increased by 34.9 % in this quarter.
- EPS over the Year and quarter: EPS declined by -5.46 % Year to Year. EPS increased by 34.85 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1349.22 Cr | Rs. 961.276 Cr | Rs. 1312.4 Cr | + 36.53 % | -2.73 % |
| Expenses | Rs. 551.77 Cr | Rs. 438.36 Cr | Rs. 593.54 Cr | + 35.4 % | + 7.57 % |
| Operating Profit | Rs. 797.45 Cr | Rs. 522.92 Cr | Rs. 718.86 Cr | + 37.47 % | -9.86 % |
| OPM % | 59.1 % | 54.4 % | 54.77 % | + 0.37 % | -4.33 % |
| Other Income | Rs. 122.08 Cr | Rs. 142.381 Cr | Rs. 149.38 Cr | + 4.92 % | + 22.36 % |
| Interest | Rs. 3.15 Cr | Rs. 1.88 Cr | Rs. 2.28 Cr | + 21.28 % | -27.62 % |
| Depreciation | Rs. 89.55 Cr | Rs. 108.1 Cr | Rs. 113.3 Cr | + 4.81 % | + 26.52 % |
| Profit before tax | Rs. 826.83 Cr | Rs. 555.32 Cr | Rs. 752.66 Cr | + 35.54 % | -8.97 % |
| Tax % | 28.43 % | 25.51 % | 25.72 % | + 0.21 % | -2.71 % |
| Net Profit | Rs. 592.08 Cr | Rs. 414.94 Cr | Rs. 559.77 Cr | + 34.9 % | -5.46 % |
| EPS in Rs | Rs. 15.02 | Rs. 10.53 | Rs. 14.2 | + 34.85 % | -5.46 % |
Today, we’re looking at Sun TV Network Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -2.73 %. However, it did see a marginal increase of 36.53 % from the previous quarter. Expenses ticked up slightly by 35.4 % quarter-on-quarter, aligning with the annual rise of 7.57 %. Operating profit, while down -9.86 % compared to last year, faced a quarter-on-quarter increase of 37.47 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -4.33 %, but an expansion of 0.37 % sequentially. Other income rose by 4.92 % compared to the last quarter, despite an annual growth of 22.36 %. Interest expenses surged remarkably by 21.28 % from the previous quarter, yet the year-over-year decrease remains at a moderate -27.62 %. Depreciation costs climbed by 4.81 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 26.52 %. Profit before tax declined annually by -8.97 % but saw an increase from the preceding quarter by 35.54 %.
Tax expenses as a percentage of profits decreased slightly by -2.71 % compared to last year, with a more notable quarter-on-quarter increase of 0.21 %. Net profit fell by -5.46 % year-on-year but experienced a 34.9 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -5.46 % but a quarterly rise of 34.85 %. In summary, Sun TV Network Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1349.22 Cr | Rs. 961.276 Cr | Rs. 1312.4 Cr | + 36.53 % | -2.73 % |
| Expenses | Rs. 551.77 Cr | Rs. 438.36 Cr | Rs. 593.54 Cr | + 35.4 % | + 7.57 % |
| Operating Profit | Rs. 797.45 Cr | Rs. 522.92 Cr | Rs. 718.86 Cr | + 37.47 % | -9.86 % |
| Net Profit | Rs. 592.08 Cr | Rs. 414.94 Cr | Rs. 559.77 Cr | + 34.9 % | -5.46 % |
| EPS in Rs | Rs. 15.02 | Rs. 10.53 | Rs. 14.2 | + 34.85 % | -5.46 % |
In reviewing Sun TV Network Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -2.73 % year-on-year, however, there was a minor increase of 36.53 % from the previous quarter. Expenses rose by 7.57 % compared to the previous year, with a 35.4 % increase quarter-on-quarter. Operating Profit dropped by -9.86 % annually, and saw a 37.47 % increase from the last quarter.
Net Profit showed yearly decrease of -5.46 %, and experienced a 34.9 % increase from the previous quarter. Earnings Per Share (EPS) fell by -5.46 % annually, however rose by 34.85 % compared to the last quarter. In essence, while Sun TV Network Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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