Sun TV profit falls 5.4% to ₹560 crore in Q1, revenue dips to ₹1,312.40 crore

The company had reported a PAT (profit after tax) of ₹592.08 crore in the April-June period a year ago, according to a BSE filing from Sun TV Network, one of the largest broadcasters.

Its revenue from operations was down 2.72% to ₹1,312.40 crore during the quarter under review. It was at ₹1,349.22 crore in the year-ago period.

Sun TV Networks' total expenses increased 10% to ₹709.12 crore in the June quarter of FY25.

The total income of Sun TV Networks in the June quarter was marginally down to ₹1,459.20 crore.

The board of the company, at its meeting held on Friday, declared an interim dividend of ₹5 per share.

Sun TV Network operates satellite television channels across six languages,Tamil, Telugu, Kannada, Malayalam, Bangla and Marathi, and airs FM radio stations across India.

It also owns SunRisers Hyderabad Cricket Franchise of the Indian Premier League and SunRisers Eastern Cape of Cricket South Africa's T20 League.

"The results for the quarter ended June 30, 2024 include income from the holding company's cricket franchises ("Sunrisers Hyderabad" and "Sunrisers Eastern Cape") of ₹497.05 crore and corresponding costs of ₹236.42 crore," it said.

Shares of Sun TV Networks Ltd. on Friday settled at ₹914.45 on BSE, up 3.28% from the previous close.