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May 2019

STAR INDIA FY18 PROFITS PLUNGE



Star India's profit plunged 93% to ₹ 287 Crore in FY18. It was ₹ 554 Crore in FY17.


STAR INDIA

Star India Private Limited is an unlisted private company incorporated on 8 February, 1994, with a total paidup capital is ₹ 410.95 crore.






EXPENSES MODERATE

Total expenses grew 12.2% to ₹ 8,974 crore in FY18.

Revenue from operations increased only by 3.6% to ₹ 9,148 crore.

Employees benefit expenses rose 7.8% to ₹ 895 crore.

Advertising promotional expenses were pruned 6.8% to ₹ 691 crore.

Other expenses, which accounted for 87% of the total expenses, rose 20% YoY to ₹ 7,182.5 crore in FY18. Details of these were not available.


CRICKET

The huge drop in profit was apparently due to higher programming costs, which went up from ₹ 4,121.6 crore in FY17 to ₹ 4,887.3 crore during FY18, according to business intelligence platform, Tofler.

Star's pay-out to the Board for Control of Cricket in India (BCCI), included ₹ 4,300 crore in the first year of the deal. The remaining amount is to be equally divided over the remaining 4 years.

IPL 2018 (approx. ₹ 2,000 Cr) will reflect in FY19.


PEERS DO WELL

SPN's revenue grew 33.9%. IPL yielded it approximately ₹ 1,300 crore.

ZEEL's topline grew 28.5% in FY18. n