SUN TV Network Limited Revenues up ~27.76 %

CHENNAI:
Sun TV Network Limited, one of the largest Television Broadcasters in India, operates Satellite Television Channels across five languages of Tamil, Telugu,Kannada,Malayalam, Bangla and Marathi, 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.

For the quarter eneded 31st December, the Revenues (excl. IPL) were up 27.66 % at Rs.975.16 crs for the quarter ended 31st Dec 21 as against Rs.763.27 crs for the corresponding quarter ended 31st December’2020 and the overall Revenues went up ~6.25 % at Rs. 1,033.10 crores as against Rs. 972.34 crores for the quarter ended 31 st December’2020.

The EBITDA grew by ~20.18 % at Rs.721.87 crs for the current quarter as against Rs. 600.68 crs during the previous quarter ended 31st December 2020 and the Profit Before Taxes for the quarter ended 31 st December’2021 grew marginally by ~2.90 % to Rs.609.80 crores as against Rs. 592.62 crores for the corresponding quarter ended 31st December’2020.

The Profit after taxes (excl IPL) for the current quarter was up by ~14.44 % to Rs.437.89 crores as against Rs.382.65 crores for the corresponding quarter ended 31 st December’2020 and the overall Profit after taxes for the current quarter grew by ~3.52 % to Rs.457.39 crores as against Rs.441.82 crores for the corresponding quarter ended 31 st December’2020. After accounting for the other comprehensive income (net of taxes), the Total Comprehensive Income for the quarter ended 31 st December’2021 was up ~3.52 % at Rs.457.20 crores as against Rs. 441.67 crores for the corresponding quarter ended 31st December’2020.

The Earnings Per Share for the current quarter grew by ~3.52 % at Rs.11.61 as against Rs.11.21 for the corresponding quarter ended 31st December’2020.

During the current quarter, Sun Pictures, a division of the Company had released the Blockbuster Movie “Annaatthe” directed by Siva and starring Super Star Rajinikanth, Khushbu, Meena, Nayanthara,Keerthy Suresh and others with music composed by D. Imman.

INTERIM DIVIDEND: At the Board Meeting held today, the Board of Directors have declared an Interim Dividend of Rs. 2.50 per share (50 %) on a face value of Rs.5.00 per share.