38th Annual Report 2023
CORPORATE INFORMATION
BOARD OF DIRECTORS | |
Kalanithi Maran | Executive Chairman |
R. Mahesh Kumar | Managing Director |
Kavery Kalanithi | Executive Director |
K. Vijaykumar | Executive Director |
Kaviya Kalanithi Maran | Executive Director |
S. Selvam | Non-Executive Director |
M.K. Harinarayanan | Independent Director |
Nicholas Martin Paul | Independent Director |
R. Ravivenkatesh | Independent Director |
Desmond Hemanth Theodore | Independent Director |
Sridhar Venkatesh | Independent Director |
Mathipoorana Ramakrishnan | Independent Director |
V.C. Unnikrishnan | Chief Financial Officer |
R. Ravi | Company Secretary & Compliance Officer |
BANKERS | |
Axis Bank | ICICI Bank |
City Union Bank | State Bank of India |
HDFC Bank | |
AUDITORS | |
M/s. S.R. Batliboi & Associates LLP | |
Chartered Accountants, | |
6th Floor, A Block, Tidel Park, No. 4, | |
Rajiv Gandhi Salai, Taramani, | |
Chennai- 600113. | |
SECRETARIAL AUDITORS
M/s. Lakshmmi Subramanian & Associates
Practicing Company Secretaries,
Murugesa Naicker Office Complex,
No:81, Greams Road,
Chennai - 600006.
CINL22110TN1985PLC012491
REGISTERED OFFICE
Murasoli Maran Towers
73, MRC Nagar Main Road
MRC Nagar, Chennai - 600028
www.suntv.in
REGISTRAR AND SHARE TRANSFER AGENT
M/s. KFin Technologies Limited
Karvy Selenium Tower B,
Plot Number 31 & 32, Financial District,
Gachibowli, Hyderabad - 500 032
www.kfintech.com
01
Annual Report 2022-2023
Sun TV Network Limited
CORPORATE INFORMATION
AUDIT COMMITTEE | |
Nicholas Martin Paul | Chairman |
M.K. Harinarayanan | |
R. Ravivenkatesh | |
Sridhar Venkatesh | |
NOMINATION & REMUNERATION COMMITTEE | |
Nicholas Martin Paul | Chairman |
M.K. Harinarayanan | |
R. Ravivenkatesh | |
Sridhar Venkatesh | |
STAKEHOLDERS' RELATIONSHIP COMMITTEE | |
M.K. Harinarayanan | Chairman |
Nicholas Martin Paul | |
R. Ravivenkatesh | |
Sridhar Venkatesh | |
MANAGEMENT | |
Kalanithi Maran | Executive Chairman |
R. Mahesh Kumar | Managing Director |
Kavery Kalanithi | Executive Director |
K. Vijaykumar | Executive Director |
Kaviya Kalanithi Maran | Executive Director |
V.C. Unnikrishnan | Chief Financial Officer |
C. Praveen | Chief Operating Officer |
S. Kannan | Chief Technical Officer |
R. Ravi | Company Secretary and Compliance Officer |
CONTENTS
Page No. | |
Financial Performance | 3 |
Notice | 4-15 |
Directors Report | 16-33 |
Management Discussion and Analysis Report | 34-39 |
Corporate Governance Report | 40-57 |
Business Responsibility and Sustainability Report | 58-83 |
Independent Auditors' Report on Standalone | |
Financial Statements | 84-95 |
Standalone Financial Statements | 96-159 |
Independent Auditors' Report on Consolidated | |
Financial Statements | 160-169 |
Consolidated Financial Statements | 170-236 |
02
Annual Report 2022-2023
03 Annual Report 2022-2023
FINANCIAL PERFORMANCE FOR LAST 10 YEARS
( All amounts are in Crores of Indian Rupees, unless otherwise stated )
Financial Highlights
Particulars | 2022-23 | 2021-22 | 2020-21 | 2019-20 | 2018-19 | 2017-18 | 2016-17 | 2015-16 | 2014-15 | 2013-14 |
Revenue | 3,661.37 | 3,504.88 | 3,116.59 | 3,404.42 | 3,663.27 | 2,862.45 | 2,558.25 | 2,395.21 | 2,243.62 | 2,096.78 |
Total Income | 4,023.40 | 3,749.64 | 3,388.03 | 3,653.35 | 3,883.22 | 3,002.10 | 2,703.80 | 2,502.75 | 2,331.45 | 2,175.99 |
PBITDA | 2,711.31 | 2,508.55 | 2,338.84 | 2,484.99 | 2,784.26 | 2,099.13 | 1,882.52 | 1,803.48 | 1,702.04 | 1,471.73 |
Operating Expenditure | 1,312.09 | 1,241.09 | 1,049.19 | 1,168.36 | 1,098.96 | 902.97 | 821.28 | 699.27 | 629.41 | 633.40 |
Depreciation & Amortization | 467.82 | 286.67 | 382.06 | 679.33 | 646.67 | 439.68 | 391.14 | 485.02 | 587.83 | 453.34 |
Profit before Tax | 2,238.12 | 2,193.14 | 1,934.81 | 1,797.88 | 2,135.94 | 1,658.40 | 1,490.35 | 1,334.24* | 1,111.99 | 1,084.71 |
Profit after Tax | 1,674.53 | 1,644.80 | 1,520.41 | 1,371.83 | 1,394.86 | 1093.04 | 979.41 | 869.69 | 737.23 | 716.96 |
Equity Dividend % | 300% | 275% | 100% | 500% | 250% | 200% | 200% | 310% | 225% | 190% |
Key Indicators |
Particulars | 2022-23 | 2021-22 | 2020-21 | 2019-20 | 2018-19 | 2017-18 | 2016-17 | 2015-16 | 2014-15 | 2013-14 |
Earnings per share (Rs.) | 42.49 | 41.74 | 38.58 | 34.81 | 35.39 | 27.74 | 24.85 | 22.07** | 18.71 | 18.19 |
Book Value per share (Rs.) | 231.88 | 204.35 | 176.33 | 142.71 | 138.05 | 117.75 | 102.50 | 89.26 | 85.76 | 80.49 |
PBITDA% | 67% | 67% | 69% | 68% | 72% | 70% | 70% | 72% | 76% | 70% |
Net Profit Margin % | 42% | 44% | 45% | 38% | 36% | 36% | 36% | 35% | 32% | 33% |
ROCE % | 23% | 26% | 27% | 31% | 38% | 35% | 35% | 35% | 34% | 36% |
RONW % | 18% | 20% | 22% | 25% | 28% | 25% | 26% | 25% | 23% | 24% |
Notes: * Profit Before Tax includes the income from exceptional items (net) of Rs. 17.97 crores. ** EPS includes the EPS on exceptional items (net) of Rs. 0.46 crores.
" Total income" is used as the denominator base for PBITDA % and Net Profit margin % indicated in the above table.
Sun TV Network Limited
NOTICE
NOTICE is hereby given that the Thirty Eighth Annual General Meeting ("AGM") of the Shareholders of Sun TV Network Limited ("the Company") will be held on Friday, the 22nd day of September 2023 at 10 A.M. (IST) through Video Conferencing ("VC")/ Other Audio- Visual Means ("OAVM"), to transact the following businesses. The venue of the meeting shall be deemed to be the Registered Office of the Company at Murasoli Maran Towers, 73, MRC Nagar Main Road, MRC Nagar, Chennai-600028.
ORDINARY BUSINESS
-
Adoption of Financial Statements:
To receive, consider and adopt the Audited Financial Statements of the Company prepared under Indian Accounting Standards (Ind-AS) as on a standalone and consolidated basis, for the financial year ended March 31, 2023 including the Balance Sheet and the Statement of Profit & Loss Account for the financial year ended on that date, and the Reports of the Board of Directors and Auditors thereon. - Confirmation of Interim Dividend:
To confirm the Interim Dividends of Rs. 5.00 per equity share (100%) of face value of Rs. 5.00 each declared on 12th August, 2022, Rs. 3.75 per equity share (75%) declared on 11th November, 2022, Rs. 3.75 per equity share (75%) declared on 3rd February, 2022 and Rs. 2.50 per equity share (50%) of face value of Rs. 5.00 on 13th March, 2023 which had already been paid, as the final dividend for the financial year ended March 31, 2023. - Re-appointmentof Mr. K. Vijaykumar (DIN: 03578076) as Director:
To re-appoint a Director in the place of Mr. K. Vijaykumar (DIN: 03578076) who retires by rotation and being eligible, offers himself for re-appointment.
SPECIAL BUSINESS
4. Ratification of Remuneration of Cost Auditor.
To consider and if thought fit, to pass, with or without modification(s), the following resolution as an Ordinary Resolution:
"RESOLVED THAT pursuant to the provisions of Section 148 and other applicable provisions, if any of the Companies Act, 2013 read with the Companies (Audit & Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof, for the time being in force), the company hereby approves and ratifies the remuneration of Rs.2,20,000 /- (Rupees Two Lakh Twenty Thousand Only) plus applicable taxes and out of pocket expenses payable to M/s. S. Sundar & Associates, Cost Accountants, [Registration No: 101188] for conducting the audit of cost records of the company for the financial year ending March 31, 2024."
BY THE ORDER OF THE BOARD OF DIRECTORS
Place : Chennai | R. RAVI |
Date : August 11, 2023 | COMPANY SECRETARY |
04
Annual Report 2022-2023
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Sun TV Network Ltd. published this content on 31 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 11:21:10 UTC.