Sun TV Reports 20% Profit Decline in December Quarter

The Sun TV Network reported a 20 percent shrink in consolidated profits after tax, aggregating to Rs. 363.26 crore for the quarter ending December 2024 as it saw the severe impact of this on the performance of its consolidated results. The Sun TV Network operates Tamil, Telugu, Kannada, Malayalam, Bangla, Hindi, and Marathi television channels.

Profit after tax (PAT) of Rs. 454.09 crore was earned during the same quarter last year by the company. As per the company's BSE filing, revenue from operations for the December quarter registered a decline of 10.35 percent at Rs. 827.56 crore, compared to Rs. 923.15 crore for the same quarter last year.

The total income of the network also reduced by 8 percent to reach Rs. 967.56 crore.

The board of Sun TV has shared an interim dividend of 50 percent, amounting to Rs 2.50 per equity share of Rs 5 each for the financial year 2024-25.

The group also owns cricket league teams like SunRisers Hyderabad Cricket Franchise of the Indian Premier League and SunRisers Eastern Cape of Cricket South Africa's T20 League.

According to reports, “The results for the quarter and nine months ended December 31, 2024, include income from the Holding Company's Cricket Franchises ("Sunrisers Hyderabad" and "Sunrisers Eastern Cape") of Rs 8.98 crore and Rs 522.66 crore and corresponding costs of Rs 1.09 crore and Rs 238.85 crore, respectively.”