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Sun TV Network Q1 net slips 7.4 pc to Rs 386.81 cr

Press Trust of India  |  New Delhi 

South-based broadcaster Sun TV Networks Ltd on Friday reported a 7.37 per cent decline in consolidated profit after tax (PAT) to Rs 386.81 crore for the June quarter.

The company had reported a PAT of Rs 417.61 crore in the April-June period a year ago.

Revenue from operations dipped to Rs 1,131.04 crore from Rs 1,146.23 crore in the corresponding quarter of the previous fiscal, Sun TV Network said in a BSE filing.

"The results for the quarter ended June 30, 2019 includes income from the company's IPL franchise Sunrisers Hyderabad for season 2019 (partial) of Rs 244.39 crore," the company said.

Sun TV Network's total expenses was at Rs 603.10 crore as against Rs 551.56 crore, up 9.34 per cent.

In a separate filing, the company said its board on Friday approved an interim dividend of 50 per cent, which is Rs 2.50 per equity share of Rs 5 each, for the financial year 2019-20.

Share of Sun TV Networks Ltd settled at Rs 448.45 on BSE on Friday, down 0.86 per cent.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 09 2019. 20:20 IST