Comments
Sun TV Network posted a 9 per cent decline in consolidated net profit for the third quarter at ₹425 crore. The South-based broadcaster posted a consolidated net profit of ₹471 crore in the same quarter of the previous fiscal.
The company declared an interim dividend of ₹3.75 per share (75 per cent) on a face value of ₹5 per share.
Consolidated income for the quarter ended December 2022 stood at ₹985 crore, down 11 per cent on a year-on-year basis. The broadcaster's standalone net profit in the recent quarter stood at ₹416 crore (₹457 crore). Standalone revenue from operations, on a year-on-year basis, declined by 17 per cent to ₹858 crore (₹1,033 crore), of which, advertisement revenues stood at ₹380 crore.
Standalone revenues (excl. IPL & movies) for Q3FY23 stood at ₹811 crore.
Sun TV shares closed at ₹445.05 apiece on the NSE on Friday, down 2.39 per cent over the previous ṭclose.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.