Tv network

Sun TV Network Q2 PAT up 14% YoY to Rs 393 crore

Sun TV Network recorded a 13.71% increase in standalone net profit to Rs 393.32 crore on a 9.59% increase in revenue to Rs 828.67 crore in Q2 FY22 compared to Q2 FY21.

Advertising revenue jumped 39.84% year-on-year to Rs 341.77 during the quarter.

EBITDA for the quarter ended September 30, 2021 was 3.69% higher at Rs 520.58 crore compared to Rs 502.03 crore for the previous quarter ended September 30, 2020.

Pre-tax profit in Q2 FY22 stood at Rs 527.58 crore, up 14.51% from Rs 460.74 crore in Q2 FY21.

The company’s board of directors has declared an interim dividend of Rs 2.50 per share. At the certificates’ closing price of Rs 608 each recorded on Thursday, this translates into a dividend yield of 0.41%.

Sun TV Network, one of the largest television broadcasters in India, operates satellite TV channels in five languages ​​of Tamil, Telugu, Kannada, Malayalam and Bengali, broadcasts FM radio stations across the India and owns the SunRisers Hyderabad Cricket franchise of the Indian Premier League.

The certificate advanced 2.47% to close at Rs 608 during the BSE trading session on Muharat (November 4).

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and up-to-date with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor