24-05-2024 05:33 PM | Source: PR Agency
Earnings Release for the quarter and Financial year ended 31st March, 2024 -Sun TV Network

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Highlights:

On a standalone basis:

* Total Income for the year ended 31st March ’24 up 15.08 % at ~Rs. 4,630.19 crs;

*  Revenues for the year ended 31st March ’24 up ~13.30 % at ~Rs. 4,148.36 crs ;

 * EBITDA for the year ended 31st March ’24 up ~10.05 % at ~Rs.2,585.30 crs;

*  Profit after Taxes for the year ended 31st March ’24 up ~11.98 % at ~Rs.1,875.15 crs;

*  Total Income for the quarter ended 31st March ’24 up 18.22 % at ~Rs. 1,057.24 crs;

*   Revenues for the quarter ended 31st March ’24 up 13.96 % at ~Rs. 927.12 crs;

*   Profit after Taxes for the quarter ended 31st March ’24 up 9.01 % at ~Rs.398.77 crs;

On a consolidated basis:

*  Revenues for the year ended 31st March ‘24, up ~13.52 % at Rs.4,282.10 crs;

*  EBITDA for the year ended 31st March ‘24, up ~10.24 % at Rs.2,638.10 crs;

*  Profit after Tax for the year ended 31st March ‘24, up ~12.82 % at Rs. 1,925.80 crs;

Sun TV Network Limited, one of the largest Television Broadcasters in India, operates Satellite Television Channels across seven languages of Tamil, Telugu, Kannada, Malayalam, Bangla, Marathi and Hindi, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket Franchise of the Indian Premier League, SunRisers Eastern Cape of Cricket South Africa’s T20 League and the Digital OTT Platform Sun NXT.

FOR THE QUARTER ENDED 31ST MARCH’2024, the Total Income was up 18.22 % at Rs.1,057.24 crs for the quarter ended 31st March’2024 as against Rs.894.33 crs for the corresponding quarter ended 31st March’2023 and the Revenues were up 13.96 % at Rs. 927.12 crores as against Rs. 813.53 crores for the quarter ended 31st March’2023. The Profit Before Tax went up by 8.66 % at Rs.534.31 crs for the current quarter as against Rs.491.72 crs during the previous quarter ended 31st March’2023 and the Profit after Taxes for the quarter ended 31st March’2024 was up by 9.01 % to Rs.398.77 crores as against Rs.365.82 crores for the corresponding quarter ended 31st March’2023. The Earnings Per Share for the current quarter was higher by 9.01 % to Rs.10.11 as against Rs.9.28 for the corresponding quarter ended 31st March’2023.

FOR THE YEAR ENDED 31ST MARCH, 2024, the Standalone Revenues for the year was higher by ~13.30 % at Rs.4,148.36 crores as against Rs.3,661.37 crores for the corresponding year ended 31st March, 2023. The Domestic Subscription revenues for the year was at Rs.1,710.44 crores, as against Rs.1,619.71 crores for the previous year ended 31st March, 2023. EBITDA for the year ended 31st March 2024 was up ~10.05 % at Rs.2,585.30 crores as against Rs.2,349.29 crores for the previous year ended 31st March 2023. The Profit after taxes rose by ~11.98 % to Rs.1,875.15 crores for the year ended 31st March, 2024 as against Rs. 1,674.53 crores for the previous year ended 31st March, 2023. During the year, the Board of Directors declared four interim dividends cumulating to 335 %, i.e.Rs.16.75 per share.

FOR THE YEAR ENDED 31ST MARCH, 2024, the Consolidated Revenues was up ~13.52 % at Rs.4,282.10 crores as against Rs. 3,772.05 crores for the corresponding year ended 31st March 2023. EBITDA for the year ended 31st March 2024 was higher by ~10.24 % at Rs. 2,638.10 crores as against Rs.2,392.99 crores for the previous year ended 31st March 2023. The Profit after taxes (after accounting of share from joint venture) also remained higher by ~12.82 % at Rs.1,925.80 crores for the year ended 31st March,2024 as against Rs. 1,706.92 crores for the previous year ended 31st March, 2023.

 

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