Home / Business and Economy / Sun TV Profit Edges Up Amidst Revenue Plunge
Sun TV Profit Edges Up Amidst Revenue Plunge
30 Oct
Summary
- Net profit increased 2.8% to Rs 364 crore in Q2 FY27.
- Revenue operations decreased 27.7% to Rs 940 crore in the same quarter.
- An interim dividend of Rs 3.75 per share was declared by the board.
Sun TV Network announced its second-quarter financial results for fiscal year 2027 on Friday, October 30. The company's net profit saw a modest increase of 2.8%, reaching Rs 364 crore for the period from July to September 2026, up from Rs 354 crore in the same quarter last year.
Conversely, revenue from operations experienced a substantial decline of 27.7%, totaling Rs 940 crore for the quarter ending September 30, 2026. This is a marked decrease from Rs 1,300 crore recorded in the corresponding quarter of the previous fiscal year.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also dropped significantly by 42.6% to Rs 450 crore, with the EBITDA margin contracting to 47.9% from 60.3% year-on-year. Alongside these results, Sun TV declared an interim dividend of Rs 3.75 per share.
Furthermore, the Board of Directors approved the re-appointment of Kalanithi Maran as Whole Time Director, designated as Executive Chairman, for a period of five years commencing April 20, 2027, pending shareholder approval.
