Earnings release for the quarter ended 30 September, 2023

Earnings release for the quarter ended 30 September, 2023

Revenues were up 27.82 per cent at Rs 1,017.98 crs.

Sun TV

Mumbai: Sun TV Network Ltd, one of the largest television broadcasters in India, operates satellite television channels across six languages of Tamil, Telugu, Kannada, Malayalam, Bangla and Marathi, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket Franchise of the Indian Premier League, SunRisers Eastern Cape of Cricket South Africa’s T20 League and the digital OTT platform Sun NXT.

For the quarter ended 30 September 2023, the revenues for the quarter was up by 27.82  per cent at Rs 1,017.98 crores as against Rs 796.43 crores for the corresponding quarter ended 30 September’2022. The total income for the quarter was up by 27.48 per cent at Rs 1,125.08 crores as against Rs.882.54 crores for the corresponding quarter ended 30 September’2022. EBITDA for the quarter ended 30th September’2023 moved up by 36.48  per cent at Rs 716.21 crores as against Rs. 524.78 crores for the previous quarter ended 30 September’2022. The profit before taxes for the current quarter also grew by 13.88 per cent to Rs.608.24 crores as against Rs 534.09 crores for the previous quarter ended 30 September’2022. The profit after taxes for the current quarter ended up higher by 13.86 per cent at Rs 456.24 crores as against Rs.400.71 crores for the previous quarter ended 30 September’2022.

At the Board Meeting held on Friday, the Board of Directors declared an interim dividend of Rs 5.00 per share (100 per cent) on a face value of Rs 5.00 per share.