Sun TV, an Indian Tamil language entertainment channel reported 15.88% of net profit in the quarter end 31 December 2020, at Rs 445.54 crore as against Rs 384 crore in the corresponding period in 2019. Sun Tv also reported 17.26% growth in gross revenues for the Dec-20 quarter on consolidated basis at Rs994.14r.
The network posted EPS of Rs 11.30 in Q3, as compared to Rs 8.50 in the preceding quarter, and Rs 9.76 for the period ended 31 December 2019.
For the quarter, Sun TV reported 3% growth in subscription revenues at Rs 424cr but the real thrust came from the bounce back in advertisement revenues which had taken a back seat during the pandemic.The EBITDA grew by four per cent at Rs 600.68 crores for the current quarter as against Rs 580.36 crores during the previous quarter ended 31 December 2019. Q3 profit before tax jumped 19 per cent to Rs 592.62 crores as against Rs 498.46 crores in the year ago period.
After the announcement of its Q3 financials, shares of Sun TV Network were trading at Rs 549, as compared to the previous close of Rs 552.95. The total number of shares traded during the day was 235967 in over 5582 trades.