Sun TV net profit rises 15.88% yoy in Q3

Consolidated revenue from operations stood at Rs 994.14 crore.

MUMBAI: Sun TV Network’s net profit was up 15.88 per cent in the quarter ended 31 December 2020, at Rs 445.54 crore as against Rs 384 crore in the corresponding period in 2019.

Consolidated revenue from operations stood at Rs 994.14 crore versus Rs 768.69 in the preceding quarter.

It reported a total income of Rs 1059.39 crore during the third quarter, up from Rs 823.07 crores during the period ended 30 September 2020. Sales rose 17.26 per cent to Rs 994.14 crore as against Rs 847.81 crore during the same quarter in the previous fiscal.

The network posted EPS of Rs 11.30 in Q3, as compared to Rs 8.50 in the preceding quarter, and Rs 9.76 for the period ended 31 December 2019.

Subscription revenues for the quarter were up by three per cent at Rs 424.05 crore as against Rs 411.85 crores for the corresponding quarter last fiscal. The EBITDA grew by four per cent at Rs 600.68 crores for the current quarter as against Rs 580.36 crores during the previous quarter ended 31 December 2019. Q3 profit before tax jumped 19 per cent to Rs 592.62 crores as against Rs 498.46 crores in the year ago period.

EBITDA margins were down sharply by 940bp year-on-year basis to 61.8 per cent as other expenses saw a big spike of 165 per cent, as well as higher programming costs i.e. cost of revenues by 48 per cent as GEC content resumed fully during the quarter.

After the announcement of its Q3 financials, shares of Sun TV Network were trading at Rs 549, as compared to the previous close of Rs 552.95. The total number of shares traded during the day was 235967 in over 5582 trades.

Sun TV Network is one of the largest television broadcasters in India. It operates satellite television Channels across five languages of Tamil, Telugu, Kannada, Malayalam and Bangla, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket franchise of the Indian Premier League and the digital OTT platform Sun NXT.

Latest Reads
News State Uttarakhand concludes 'Yuva Uttarakhand, Yuva Ummeed' conclave

Mumbai: The towering high political fever has gripped the political state like never before. To assess the situation in the state a grand conclave was organised by News State Uttarakhand in Haridwar, where the channel attracted unprecedented applause from both the participants and the delegates for...

Television TV Channels News Broadcasting
Zee 24 Ghanta’s Durga Puja properties and brand integration hits the sweet spot

Mumbai: The most comprehensive Durga Puja coverage of recent times by Zee 24 Ghanta with the right blend of news, fresh content & integrations. Amidst the challenging times, Zee 24 Ghanta - the most trusted news channel of East, curated a special lineup for the Durga Puja celebrations urging...

Television TV Channels Regional
National Geographic to premiere ‘It Happens Only in India’ on 26 Oct

Mumbai: National Geographic has announced an original series ‘It Happens Only in India’ which will be hosted by Indian actor, producer, and philanthropist Sonu Sood. The show will premiere on 26 October starting at 8:00 p.m. The 10-part series will have Sonu Sood presenting stories from across the...

Television TV Channels Factual
Zee Telugu Kutumbam Awards 2021 to be aired on 23 and 31 Oct

Mumbai: Zee Telugu and Zee Telugu HD channels will telecast the Zee Telugu Kutumbam Awards 2021 on 23 and 31 October starting at 6:00 p.m. The celebration is the recognition of the best actors, anchors, and experts that successfully narrated stories of ordinary people embarking upon extraordinary...

Television TV Channels Regional
Music listening time through audio streaming up 51 per cent: IFPI

The pandemic has taken a severe toll on people’s lives, and impacted their media consumption patterns in more ways than one. According to a new study, it has also led to an increase in the time spent listening to music across the world.

Television TV Channels Music and Youth
Zeel-Invesco tussle: Bombay HC directs Zeel to call for EGM

Mumbai: The Bombay high court asked Zee Entertainment Enterprises Ltd (Zeel) to call for the extraordinary general meeting (EGM) requisitioned by Invesco Developing Markets Fund on Thursday. Zeel must inform the court of the EGM date by Friday morning.

Television TV Channels GECs
July-Sept TV ad volumes show highest spurt in 2021: Barc

Mumbai: Ad volumes on television continue to post healthy growth, with the July-September quarter registering 461 million seconds of advertising – which is the highest this year, as per Broadcast Audience Research Council (Barc) India’s July-September 2021 Ad Volumes - Special Festival Edition...

Television TV Channels Viewership
IN10 Media’s Gubbare supports child education with Smile Foundation

With the education of children impacted by the pandemic, IN10 Media Network’s kids channel Gubbare has joined hands with leading non-government organisation Smile Foundation to support its Shiksha Na Ruke campaign.

Television TV Channels News Broadcasting
Media tome throws light on the biz growth pre and post pandemic

The Indian media business is estimated to be a $19 billion industry in 2021, according to veteran business journalist Vanita Kohli-Khandekar. On 20 October, Khandekar inaugurated the fifth edition of her book ‘The Indian Media Business: Pandemic and After’ published by Sage Publications India at a...

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories

* indicates required