Sun TV Network’s Q2FY18 standalone results for the quarter registered a beat on street estimates. Revenue for the quarter came in 2.4 percent higher than the estimated figure of Rs. 660 crore. EBITDA for the quarter came in 3.8 percent higher than the estimated figure of Rs. 478 crore. And lastly, net profit for the quarter came in 3.1 percent higher than the estimated figure of Rs. 276 crore.

Sun TV standalone revenue for the quarter came in at Rs. 675.9 crore, registering 8.1 percent yoy increase. Its subscription revenue for the quarter up by 14.32 percent yoy in Q2FY18 at Rs. 277.68 crores.

EBITDA for the quarter rose by 6.7 percent yoy to Rs. 496 crore with a corresponding margin contraction of 94 bps. EBITDA margin for the quarter stood at 73.4 percent.

The PAT for the quarter came in at Rs. 285 crore, yoy increase of 5.3 percent. This was partly due to 40 percent yoy decline in interest expenses.

The board has declared second interim dividend of Rs. 2.5 per share for the face value of Rs. 5 each. – IIFL