Sun TV jumps after good Q4 results

Sun TV Network rose 7.33% to Rs 928 at 9:18 IST on BSE after net profit rose 22.8% to Rs 289.76 crore on 23.1% rise in net sales to Rs 716.95 crore in Q4 March 2018 over Q4 March 2017.

The result was announced after market hours on Friday, 11 May 2018.

Meanwhile, the S&P BSE Sensex was up 33.46 points, or 0.09% to 35,569.25.

On the BSE, 22,000 shares were traded in the counter so far compared with average daily volumes of 86,000 shares in the past two weeks. The stock had hit a high of Rs 945.10 and a low of Rs 900.10 so far during the day. The stock hit a 52-week high of Rs 1,097.05 on 16 January 2018. The stock hit a 52-week low of Rs 652.30 on 10 August 2017.

Subscription revenue rose by 28% at Rs 308.84 crore in Q4 March 2018 over Q4 March 2017. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 33% at Rs 522.40 crore in Q4 March 2018 over Q4 March 2017.

Sun TV Network, one of the largest television broadcasters in India, operates satellite television channels across four languages of Tamil, Telugu, Kannada and Malayalam, airs FM radio stations across India and owns the SunRisers Hyderabad cricket franchise of the Indian Premier League.

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