The company’s total revenue, however, has dropped to Rs. 5846.20 crore in FY20 from Rs. 6309.90 crore during the previous year. The company has registered a Profit After Tax (PAT) of Rs. 975.97 crore for the year as against a PAT of Rs. 346. 42 crore in the year ended on March 31, 2019.
During its silver jubilee year in FY 2019-20, Sony Pictures Network India (SPNI), an indirect wholly-owned subsidiary of Sony Corporation, Japan, brought to the table total revenues of Rs. 5846.20 crore as compared to Rs. 6309.90 crore in the previous financial year. The company, however, experienced a drop of 7.3% in the total revenue, according to Registrar of Companies filing shared by market intelligence firm Tofler.
Sony recorded consolidated revenues of Rs. 5961.10 crore and consolidated profit after tax Rs. 895.50 crore for the year. In the previous financial year, SPNI recorded consolidated revenues of Rs. 64,25.3 crore and a consolidated profit after tax of Rs. 4,14.3 crore for the year.
The company, which celebrated its silver jubilee in October this year, owns several channels including Sony Entertainment Television (SET), one of India’s popular Hindi General Entertainment Channel (GECs). The network also owns 18 TV channels across genres and an OTT platform called SonyLIV.
According to the filing, the company’s advertising revenue dropped by 13.31% to Rs. 2755.58 crore in FY20 as compared to Rs. 3178.69 crore in the year ended on March 31, 2019, whereas subscription income grew 21.17% to Rs. 2378.75 crore as compared to Rs. 1962.99 crore in FY19.
The company’s revenue share from distribution and advertising in FY20 stood at Rs. 170.66 crore against Rs. 219.65 crore in the previous financial year. Also, the network’s digital and licensing income declined in this financial year to Rs. 443.48 crore as compared to Rs. 847.10 crore.
The filing also mentioned that the network’s cost of programmes, films, and other rights dropped to Rs. 3060.48 crore as compared to Rs. 3994.13 crore in the previous year. The broadcast cost also declined to Rs. 104.51 crore as compared to Rs. 160.35 crore in FY 19.
