Sun TV Network Q1 net profit down 6.67% at Rs 381.87 cr

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The company reported a standalone net profit of Rs 381.87 crore for the quarter ended June 30, 2019, as compared to Rs 409.14 crore in the same period last year, registering a year-on-year decline of 6.67 percent. 




Net revenue of the company declined marginally by 1.70 percent at Rs 1,101.36 crore in the April-June quarter of this fiscal as against Rs 1,120.39 crore in the corresponding period last year. During the April-June quarter, operating expenses increased by 8.50 percent to Rs 418.45 crore from Rs 385.68 crore in the year-ago period. Other Income grew by 45.41 percent at Rs 56.71 crore versus (Jun'18 Rs 39.00 crore).

Operating profit slipped by 7.05 percent to Rs 682.91 crore as against Rs 734.71 crore in the year-ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.44 percent in June quarter. Interest grew by 700.00 percent y-o-y to Rs 2.08 crore, while Taxation decreased by 9.35 percent at Rs 197.21 crore (Jun'18 Rs 217.54 crore).


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