ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Media sector. The brokerage house expects Sun TV to report net profit at Rs 406.7 crore up 17.6% year-on-year (up 4.3% quarter-on-quarter).
Net Sales are expected to increase by 10.1 percent Y-o-Y (up 2.7 percent Q-o-Q) to Rs 832.3 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5.2 percent Y-o-Y (up 6.7 percent Q-o-Q) to Rs 528.3 crore.
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