Technoglitch
Core Member
Kalanithi Maran-promoted Sun TV Network Ltd on Wednesday said net profit in the quarter ended 30 September rose 41% from a year ago on higher advertising revenue.
The Chennai-based media company posted a net profit ofRs.218 crore for the second quarter compared with Rs.154 crore a year earlier. Earnings beat the consensus estimate of Rs.208 crore in a Bloomberg poll of analysts. Net sales rose 12% toRs.568 crore from Rs.508 crore a year ago, against theBloomberg poll estimate of Rs.570.5 crore.
Advertisement revenue grew 16% to Rs.301 crore for the quarter from Rs.260 crore a year ago. Subscription revenue from its direct-to-home services was up 10% to Rs.197 crore from Rs.179 crore a year ago.
Earnings before interest, tax, depreciation and amortization (Ebitda), a measure of profitability, was higher at 9.3% toRs.432 crore for the quarter from Rs.397 crore a year ago.
Sun TV Q2 profit jumps 41%, beats estimates - Livemint
The Chennai-based media company posted a net profit ofRs.218 crore for the second quarter compared with Rs.154 crore a year earlier. Earnings beat the consensus estimate of Rs.208 crore in a Bloomberg poll of analysts. Net sales rose 12% toRs.568 crore from Rs.508 crore a year ago, against theBloomberg poll estimate of Rs.570.5 crore.
Advertisement revenue grew 16% to Rs.301 crore for the quarter from Rs.260 crore a year ago. Subscription revenue from its direct-to-home services was up 10% to Rs.197 crore from Rs.179 crore a year ago.
Earnings before interest, tax, depreciation and amortization (Ebitda), a measure of profitability, was higher at 9.3% toRs.432 crore for the quarter from Rs.397 crore a year ago.
Sun TV Q2 profit jumps 41%, beats estimates - Livemint
