Sun TV Network, which operates Satellite Television Channels across six languages of Tamil, Telugu, Kannada, Malayalam, Bangla and Marathi, 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, unveiled the earnings for the quarter and financial year ended 31st March, 2023
For the quarter ended 31st March, 2023, the revenues for the quarter were at Rs.813.53 crores as against Rs.833.01 crores for the corresponding quarter ended 31st March, 2022. The Advertisement revenues for the quarter was at Rs.338.37 crores as against Rs.337.13 crores for the corresponding quarter ended 31st March, 2022. The Subscription revenues for the quarter was at Rs.406.11 crores as against Rs. 416.03 crores for the corresponding quarter ended 31st March, 2022. EBITDA for the quarter ended 31st March 2023 was at Rs.487.60 crores as against Rs. 553.33 crores for the previous quarter ended 31st March 2022. The Profit after taxes for the current quarter stood at Rs.365.82 crores as against Rs. 404.35 crores in the corresponding quarter ended 31st March, 2022.
For the year ended 31st March, 2023, the standalone revenues for the year was higher by 4.46% at Rs.3,661.37 crores as against Rs. 3,504.88 crores for the corresponding year ended 31st March, 2022. The Advertisement revenues for the year grew by ~7.95% at Rs.1,403.96 crores as against Rs.1,300.60 crores for the previous year ended 31st March, 2022. The Domestic Subscription revenues for the year was at Rs.1,619.71 crores, as against Rs.1,657.31 crores for the previous year ended 31st March, 2022. EBITDA for the year ended 31st March 2023 was up ~3.78% at Rs.2,349.28 crores as against Rs. 2,263.78 crores for the previous year ended 31st March 2022. The Profit after taxes rose by ~1.81% to Rs.1,674.53 crores for the year ended 31st March, 2023 as against Rs. 1,644.80 crores for the previous year ended 31st March, 2022. During the year, the Board of Directors declared four interim dividends cumulating to 300%, i.e.Rs.15.00 per share.
For the year ended 31st March, 2023, the consolidated revenues was up 5.22% at Rs.3,772.09 crores as against Rs.3,584.82 crores for the corresponding year ended 31st March, 2022. EBITDA for the year ended 31st March 2023 was higher by ~4.61% at Rs. 2,392.99 crores as against Rs. 2,287.49 crores for the previous year ended 31st March 2022. The Profit after taxes (after accounting of share from joint venture) also remained higher by 3.96% at Rs.1,706.92 crores for the year ended 31st March, 2023 as against Rs.1,641.91 crores for the previous year ended 31st March, 2022.
