Sony Pictures Networks flashes over 30% operating revenue surge in FY18

Operating revenue grows 10-fold in 5 years, but much lower than rival Star India

Sony Pictures Networks India, the owner of popular television channels such as SET and ESPN, has closed in on Zee Entertainment in terms of revenue in 2017-18 financial year, but remains much behind arch-rival Star India. 

The broadcasting company’s operating revenue surged more than 30 per cent to Rs 64.72 billion, compared with Zee’s Rs 66.86 billion and Star India’s 2016-17 revenue of Rs 85.25 billion, regulatory fillings at Registrar of Companies show. Star’s 2017-18 numbers are not available yet. While Sony’s growth in revenue surpassed the previous two years, its net profit in India dipped marginally to Rs 4.62 billion