Mumbai: Sun TV Network revenue increased by 47.38 per cent (including IPL) to Rs 1,193.90 crore in Q1 FY23, compared to Rs 810.10 crore in Q1 FY2022.
The advertisement revenues for the quarter were up by 40.84 per cent for the quarter ended June 2022 at Rs 343.17 crore as against Rs 243.66 crore from the previous year's same quarter. Ebidta increased by 54.32 per cent to Rs 763.83 crore from Rs 494.97 crore. For the same period, profit after taxes increased by 26.15 per cent to Rs. 491.68 crore, up from Rs 389.76 crore the previous year.
At the board meeting held on Friday, the board of directors declared an interim dividend of rupees five per share (100 per cent) on a face value of rupees five per share.
Sun TV operates satellite television channels across six languages: Tamil, Telugu, Kannada, Malayalam, Bangla, and Marathi. It also 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.
Sun TV has been awarded a licence to operate a team in the city of Gqeberha (Port Elizabeth) by the Africa Cricket Development (Pty) as part of Cricket South Africa's T20 league to be staged from January 2023 and annually thereafter.