Sun TV Network - March 2013 Results Preview - Motilal Oswal

- We expect Sun TV's revenue to grow 12% YoY to INR4.8b.

- Advertising and broadcasting revenue is expected to grow 12% YoY to INR3.1b.

- We expect total subscription revenue (domestic + international) to grow 18% YoY to INR1.64b.

- Sun TV's EBITDA is estimated to grow 12% YoY to INR3.68b.

- PAT is expected to increase 17% YoY to INR1.86b.

- The stock trades at a P/E of 19.5x FY14E and 16x FY15E. Neutral.

Source : Equity Bulls

Keywords