Sun TV Network Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 20346.59 Crore) operating in Media & Entertainment sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 879.52 Crore, down -16.98 % from last quarter Total Income of Rs 1059.39 Crore and up 7.41 % from last year same quarter Total Income of Rs 818.81 Crore. Company reported net profit after tax of Rs 471.98 Crore in latest quarter.
Investment Rationale
The brokerage revises FY22E EBITDA/PAT estimates by 9%/6%, weighed by the impact of the second wave. However, it maintains FY23E estimates, building growth of 13%/19% over FY20
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of March 31, 2021, while FIIs held 9 per cent, DIIs 4.1 per cent and public and others 12 per cent.
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