Sun TV Q1 FY25 revenues dip to Rs. 1276.11 crores

Sun TV Network Limited,  has announced its financial results for the quarter ending June 30, 2024. The company reported revenues of Rs 1,276.11 crore, marking a decrease of 3.2% from Rs 1,317.78 crore in the same quarter last year. Advertisement revenues declined by 4.5%, from Rs. 339.10 crore to Rs 323.77 crore. Domestic subscription revenues fell by 2.2%, from Rs 435.34 crore to Rs 425.79 crore.

EBITDA for the quarter was Rs 706.36 crore, down by 10.2% from Rs 786.46 crore reported in Q1 FY2024. Profit after tax decreased by 6.1%, from Rs 582.80 crore to Rs 546.94 crore. The Board of Directors has declared an interim dividend of Rs five per share, representing a 100% payout on a face value of Rs five per share.

Sun TV Network claims to manage a diverse portfolio, including satellite television channels in seven languages, FM radio stations across India, and the SunRisers Hyderabad cricket franchise, among other ventures. Financial Express