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Business EconomyPosted at: Aug 9 2024 6:35PM


Sun TV Network net falls 6 pc; declares interim dividend of Rs 5 per share

New Delhi, Aug 9 (UNI) Sun TV Network on Friday reported over 6 per cent fall in net profit for the period April-June of Q1 of financial year 2024-25 at Rs 597 crore as against Rs 582.8 crore in the same quarter of previous fiscal 2023-24.
Sun TV Network Limited, one of the largest Television Broadcasters in India, operates Satellite Television Channels across seven languages of Tamil, Telugu, Kannada, Malayalam, Bangla, Marathi and Hindi, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket Franchise of the Indian Premier League.
The company’s revenues from operations also registered a marginal 3 per cent fall at Rs 1,276.11 crore during the quarter ended June 30, 2024 as against Rs 1,317.78 crore for the corresponding quarter ended 30th June, 2023, the company said in a statement.
According to the company, the Advertisement revenues for the quarter was at Rs 323.77 crore as against Rs 339.10 crore for the corresponding quarter ended 30th June, 2023.
At the Board Meeting held today, the Board of Directors have declared an Interim Dividend of Rs 5.00 per share (100 %) on a face value of Rs 5.00 per share.
The Domestic Subscription for the quarter was at Rs 425.79 crore as against Rs 435.34 crore for the corresponding quarter ended 30th June, 2023.
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Tags: #Sun TV Network net falls 6 pc; declares interim dividend of Rs 5 per share
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