SUN TV - Q4YOY
Ad rev down 14% 
Subscription rev up 25% 

Rev down 17.3% at Rs.735cr 
Margins at 68.5%
PAT down 11.7% at Rs.250cr 

Ex Movie&amp; IPL rev-Q4 rev up 3% 

Concall 
Expects double-digit growth in subscription rev in FY21
Ad rev decline could be 15-20% in FY21

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