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).
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