Sun TV Network’s net profit was up 15.88 per cent in the quarter ended 31 December 2020, at Rs 445.54 crore as against Rs 384 crore in the corresponding period in 2019. Consolidated revenue from operations stood at Rs 994.14 crore versus Rs 768.69 in the preceding quarter.
It reported a total income of Rs 1059.39 crore during the third quarter, up from Rs 823.07 crores during the period ended 30 September 2020. Sales rose 17.26 per cent to Rs 994.14 crore as against Rs 847.81 crore during the same quarter in the previous fiscal.
Subscription revenues for the quarter were up by three per cent at Rs 424.05 crore as against Rs 411.85 crores for the corresponding quarter last fiscal.,After the announcement of its Q3 financials, shares of Sun TV Network were trading at Rs 549, as compared to the previous close of Rs 552.95.
Sun TV Network is one of the largest television broadcasters in India. It operates satellite television Channels across five languages of Tamil, Telugu, Kannada, Malayalam and Bangla, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket franchise of the Indian Premier League and the digital OTT platform Sun NXT.
