Sun TV Network Q2 net up 4% at Rs. 366.51 cr

MUMBAI: South India broadcaster Sun TV Network’s net profit for the quarter ended 30th September was up 4% at Rs. 366.51 crore as against Rs. 351.32 crores for the corresponding quarter of the previous fiscal.

After accounting for the other comprehensive income (net of taxes), the total Comprehensive income for the quarter was up 4 % at Rs. 366.29 crore as against Rs. 351.38 crore.

EBITDA for the quarter was Rs. 468.74 crore as against Rs. 553.97 crore.

Revenue was up by 6% at Rs. 795.58 crore as against Rs. 749.55 crore in the prior fiscal. The subscription revenue for the quarter was up by 17% at Rs. 397.31 crore as against Rs. 339.79 crore.

The total income for the quarter was higher by 7% at Rs. 867.72 crore as against Rs. 811.67 crore. Total expenses swelled to Rs 473.23 crore compared to Rs 278.04 crore.

At the board meeting held today, the board of directors has declared an interim dividend of Rs. 2.50 per share (50%) on a face value of Rs. 5 per share.

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