Sun TV Profit up 63% in June Quarter, Posts Rs 409.14 Cr PAT

By Pickle August 12, 2018

Sun TV Profit up 63% in June Quarter, Posts Rs 409.14 Cr PAT, Pickle Media

Leading south Indian broadcaster Sun TV Network Limited has posted Rs 1,120.39 crore as revenue in the quarter ended June 30, 2018, up 42 per cent when compared to Rs 786.32 crore during the same quarter last year.

In a statement, the company said advertisement revenues maintained a healthy growth of 20 per cent at Rs 362.49 crore for the quarter ended 30 June 2018 as against Rs 301.82 crore in the corresponding quarter of June 17.

The total income was also was higher by 41 per cent at Rs 1,159.39 crore as against Rs 823.38 crore for the corresponding quarter ended 30 June, 2017.

The Subscription revenue for the quarter was up by 15 per cent at Rs 311.27 crore as against Rs 270.50 crore for the corresponding quarter ended 30 June,2017. The profit after taxes for the current quarter was up by 63 per cent at Rs 409.14 crore as against Rs 251.64 crore for the corresponding quarter ended 30th June, 2017.

After accounting for the other comprehensive income (net of taxes), the Total Comprehensive Income for the quarter was Rs 409.20 crore as against Rs 251.70 crore for the corresponding quarter ended 30 June, 2017.

At the Board Meeting, the Directors have declared an interim dividend of Rs 5 per share (100 per cent) on a face value of Rs 5 per share.

The network operates Satellite Television Channels across four languages of Tamil, Telugu, Kannada and Malayalam, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket Franchise of the Indian Premier League.