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11-Nov-2023

Sun TV Network Q2 PAT rises 14% YoY to Rs 456 cr

The media company’s standalone net profit rose 13.86% to Rs 456.24 crore on 27.82% increase in revenue from operations to Rs 1,017.98 crore in Q2 FY24 over Q2 FY23.


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Total income stood at Rs 1,125.08 crore in Q2 FY24, registering a growth of 27.48% year on year.

Profit before tax was at Rs 608.24 crore in Q2 FY24, rising 13.88% from Rs 534.09 crore posted in Q2 FY23.

EBITDA climbed 36.48% year on year to Rs 716.21 crore in the quarter ended 30 September 2023.

The company’s domestic subscription stood at Rs 418.23 crore, up 5.34% YoY during the quarter.

Meanwhile, the firm’s board has declared an interim dividend of Rs 5 per equity share for FY24. The record date for the same is fixed on Tuesday, 21 November 2023 and the dividend will be paid on and from 30 November 2023.

Sun TV Network is engaged in producing and broadcasting satellite television and radio software programming in the regional languages.

The scrip shed 1.05% to end at Rs 646.95 on Friday, 10 November 2023.

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