19 Jan 2021 | 2:48 PM

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COMPANYNEWS
Sun TV Network Q2 net profit up 4.32% at Rs 366.51 cr
  Sun TV Network Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-12-2019
The company reported standalone net profit of Rs 366.51 crore for the quarter ended September 30 2019 as compared to Rs 351.32 crore in the same period last year registering a year-on-year growth of 4.32 per cent.


Net revenue of the company rose moderately by 6.14 per cent at Rs 795.58 crore in July-September quarter of this fiscal as against Rs 749.55 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 67.11 per cent to Rs 326.84 crore from Rs 195.58 crore in year ago period.


Other Income grew by 16.13 per cent at Rs 72.14 crore versus (Sep`18 Rs 62.12 crore).


Operating Profit slipped by 15.39 per cent to Rs 468.74 crore as against Rs 553.97 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 20.28 per cent in September quarter.


Interest grew by 247.37 per cent y-o-y to Rs 1.98 crore while Taxation decreased by 84.65 per cent at Rs 27.98 crore (Sep`18 Rs 182.31 crore).