Healthy revenue growth driven by IPL

27 May 2024
5 Min read 
  • Sun TV Network's 4QFY24 results update includes changes in estimates, target price, and rating.
  •  The company's revenue grew 14% YoY driven by IPL and ad revenue.
  •  EBITDA margin contracted by 510bp due to higher operating costs.
  •  The company's valuation is compelling at 8x EV/EBITDA on FY26E basis.
  •  Sun TV Network's healthy liquidity and cash balance support its potential for investments.
  •  The company's revenue and EBITDA are expected to grow at a CAGR of 7% over FY24-26.
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