Sun TV Network Ltd is down for a fifth straight session today. The stock is quoting at Rs 390.85, down 2.04% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 10780.1. The Sensex is at 36631.4, up 0.39%.Sun TV Network Ltd has lost around 0.26% in last one month.Meanwhile, Nifty Media index of which Sun TV Network Ltd is a constituent, has increased around 1.68% in last one month and is currently quoting at 1376.6, up 0.88% on the day. The volume in the stock stood at 16.54 lakh shares today, compared to the daily average of 31.95 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 391.2, down 2.38% on the day. Sun TV Network Ltd tumbled 17.17% in last one year as compared to a 6.74% slide in NIFTY and a 30.09% fall in the Nifty Media index.

The PE of the stock is 11.46 based on TTM earnings ending March 20.

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Consolidated profit before tax (PBT) stood at Rs 321.35 crore in Q4 FY20, falling 27.49% from Rs 443.16 crore in Q4 FY19. Total tax expense declined 50% to Rs 76.12 crore in Q4 March 2019 from Rs 151.15 crore in the same period last year

On a standalone basis, net profit fell 11.7% to Rs 250 crore on 17.3% decline in net sales to Rs 735.16 crore in Q4 March 2020 over Q4 March 2019. The result was announced after market hours on Friday, 26 June 2020.

During the quarter, subscription revenues rose 25% to Rs 398.78 crore as against Rs 319.77 crore in the corresponding quarter last year. EBITDA for Q4 FY20 stood at Rs 503.51 crore, declining 17.2% from Rs 608.40 in Q4 FY19.

Sun TV Network is one of the largest television broadcasters in India, operating satellite television channels across four languages of Tamil, Telugu, Kannada and Malayalam, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket Franchise of the Indian Premier League (IPL).

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Net profit of Sun TV Network declined 15.98% to Rs 245.24 crore in the quarter ended March 2020 as against Rs 291.90 crore during the previous quarter ended March 2019. Sales declined 17.36% to Rs 758.13 crore in the quarter ended March 2020 as against Rs 917.34 crore during the previous quarter ended March 2019.

For the full year,net profit declined 3.36% to Rs 1385.16 crore in the year ended March 2020 as against Rs 1433.27 crore during the previous year ended March 2019. Sales declined 6.94% to Rs 3519.85 crore in the year ended March 2020 as against Rs 3782.54 crore during the previous year ended March 2019.

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Sun TV Network Ltd rose for a fifth straight session today. The stock is quoting at Rs 406.15, up 1.98% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.84% on the day, quoting at 10330.4. The Sensex is at 35041.11, up 0.89%. Sun TV Network Ltd has added around 3.33% in last one month.

Meanwhile, Nifty Media index of which Sun TV Network Ltd is a constituent, has added around 24.83% in last one month and is currently quoting at 1387.55, up 2.35% on the day. The volume in the stock stood at 18.3 lakh shares today, compared to the daily average of 31.81 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 407.7, up 2.04% on the day. Sun TV Network Ltd is down 21.7% in last one year as compared to a 11.7% fall in NIFTY and a 30.32% fall in the Nifty Media index.

The PE of the stock is 11.17 based on TTM earnings ending December 19.

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