InvestorQ : Why did Sun TV report lower profits for the Mar-20 quarter?
Rashi Mehra made post

Why did Sun TV report lower profits for the Mar-20 quarter?

Answer
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sarah Leo answered.
3 months ago


Chennai based Sun TV Network, belonging to the Maran Brothers, posted 11.6% fall in its net profits at Rs.250 crore for the Mar-20 quarter. Overall revenues for the quarter were also down by 17.3% at Rs.735.16 crore. EBITDA also fell 17% to Rs.504 crore while the operating margins were virtually flat at 68.5% in the Mar-20 quarter.

For the quarter, Sun TV’s subscription revenues increased by 25% to Rs.399 crore while subscription revenues were up by 18% at Rs.1562 crore for the fiscal year 2019-20. The lockdown did have some positive impact on subscriptions but ad revenues took a hit as most corporates decided to go slow on ad spends on account of the slowdown worries.