sun tv network: Sun TV Network’s Q2 net up 14%, to pay Rs 5/share interim hot news

MUMBAI: Sun TV Network‘s net profit increased 13.86% for the fiscal quarter ended September 30 to Rs 456.24 crore, up from Rs 400.71 crore in the previous fiscal quarter.

EBITDA grew 36.48% from Rs 524.78 crore to Rs 716.21 crore.

Domestic subscription revenue increased by 5.34% to Rs 418.23 crore, increasing operating revenue by 28% to Rs 1,017.98 crore.

Total revenue for the quarter increased by 27.48% to Rs 1,125.08 crore.

Sun TV Network has TV channels in six languages, an OTT platform called Sun NXT, and FM radio stations all over India.

It also owns the SunRisers Hyderabad team in the Indian Premier League and SunRisers Eastern Cape in the South African Twenty20 League.

The company’s board has declared an interim dividend of Rs 5 per share.

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