INSUBCONTINENT EXCLUSIVE:
New Delhi: South-based TV broadcaster Sun TV Network Ltd on Friday reported a 7.15 per cent increase in consolidated profit after tax for
the December quarter at Rs 384.69 crore.
It had reported profit after tax of Rs 359.01 crore in the October-December period a year ago, Sun
TV said in a BSE filing.
However, total income dipped 7.89 per cent to Rs 914.17 crore during the quarter under review, as against Rs 992.58
crore in the corresponding period of the previous fiscal.
Subscription revenues for the quarter rose "18 per cent at Rs 411.85 crores as
against Rs 349.60 crores for the corresponding quarter ended December 2018", Sun TV said in a post-earnings statement.
The results also
include revenue from SunRisers Hyderabad, a cricket franchise of the Indian Premier League (IPL).
"The results for the nine months ended
December 31, 2019 includes income from the Company's IPL franchise SunRisers Hyderabad - for season 2019 (partial) of Rs 244.44 crore and
corresponding costs of Rs 138.46 crore," it said.
Total expenses stood at Rs 404.35 crore as against Rs 441.86 crore earlier, down 8.48 per
cent.
Sun TV Network operates satellite TV channels across four languages -- Tamil, Telugu, Kannada and Malayalam and owns FM radio stations
pan-India.
Shares of Sun TV Network Ltd on Friday settled at Rs 496.45 on BSE, down 0.56 per cent from its previous close.