23 Jul 2019 | 3:34 PM

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COMPANYNEWS
Sun TV Network Q4 net profit down 2.31% at Rs 283.07 cr
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Published on 05-23-2019
The company reported standalone net profit of Rs 283.07 crore for the quarter ended March 31 2019 as compared to Rs 289.76 crore in the same period last year registering a year-on-year decline of 2.31 per cent.


Net revenue of the company rose substantially by 23.98 per cent at Rs 888.88 crore in January-March quarter of this fiscal as against Rs 716.95 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 44.17 per cent to Rs 280.48 crore from Rs 194.55 crore in year ago period.


Other Income grew by 82.60 per cent at Rs 67.27 crore versus (Mar`18 Rs 36.84 crore).


Operating Profit surged by 16.46 per cent to Rs 608.40 crore as against Rs 522.40 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 6.05 per cent in March quarter.


Interest declined by 87.50 per cent y-o-y to Rs 0.11 crore while Taxation increased by 0.67 per cent at Rs 150.56 crore (Mar`18 Rs 149.56 crore).