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Sun TV - 3QFY2013 Result Preview - Angel Broking



Posted On : 2013-01-22 21:30:35( TIMEZONE : IST )

Sun TV - 3QFY2013 Result Preview - Angel Broking

Sun TV (CMP: Rs.424/ TP: -/ Upside: -)

Sun TV is slated to announce its 3QFY2013 results. The company is expected to post a healthy 12.1% yoy growth in its top-line to Rs.477cr on the back of uptick in advertising revenue aided by festive season as well as increase in cable revenues. On the EBITDA front, the company's margins are expected to contract by 113bp yoy to 79%. However, net profit is expected to grow by 10.3% yoy to Rs.185cr. At the current market price, Sun TV is trading at 22.3x FY2014E consolidated EPS of Rs.19.1. We maintain our Neutral view on the stock.

Source : Equity Bulls

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