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Sun TV posts Q1 FY16 net profit of Rs 197.28 crore

The group's total income increased from Rs 653.28 crore in Q1 FY15 to Rs 713.24 crore in the latest quarter; EBIDTA was up by 11 per cent

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Sun TV Q2 FY16 net up 41.37% at Rs 218.38 cr

Sun TV posts Q1 FY16 net profit of Rs 197.28 crore

The group's total income increased from Rs 653.28 crore in Q1 FY15 to Rs 713.24 crore in the latest quarter; EBIDTA was up by 11 per cent

BestMediaInfo Bureau | Delhi | August 3, 2015

suntv-logoThe controversies surrounding its promoters – the Maran brothers – notwithstanding, Sun TV Network has posted a net profit of Rs 197.28 crore for the first quarter ended June 30, 2015, compared to Rs 165.64 crore in Q1 FY15. As per the unaudited standalone results announced for Q1 FY16, the group's total income increased from Rs 653.28 crore in Q1 FY15 to Rs 713.24 crore in the latest quarter.

The advertisement revenues stood at Rs 323.89 crore in Q1 FY16, a 16 per cent growth as opposed to the corresponding quarter of the previous fiscal, where it had posted ad revenues of Rs 202.43 crore.

The EBIDTA, including the IPL revenue, was up by 11 per cent at Rs 409.16 crores, and the same excluding the IPL revenue was up by 13 per cent at Rs 465.77 crore in Q1 FY16, compared to Rs 67.57 crore and Rs 411.02 crore, respectively, in Q1 FY15.

Profit before interest, depreciation & Taxes (PBIDT), including the IPL revenue and expenses for the quarter was up by 11 per cent at Rs 431.31 crore, as against Rs 387.27 crore for Q1 FY15.

Sun TV's revenues from broadcasting for the quarter ended June 30, 2015, were pegged at Rs 594.54 crore. The operating costs were pegged at Rs 128.77 crore.

As for IPL, where it owns the Sun Risers Hyderabad franchise, the group secured revenues of Rs 96.55 crore in Q1 FY16. The operating costs for Sun Risers Hyderabad stood at Rs 153.16 crore, thereby resulting in a loss of Rs 56.61 crore. The franchise had spent over Rs 10 crore on buying players at the IPL auction in 2015.

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