The media company's standalone net profit decreased 9% to Rs 416.32 crore on 17% decline in revenue to Rs 857.51 crore in Q3 FY23 over Q3 FY22.
Sun TV Network's advertisement revenue stood at Rs 380 crore for the quarter ended 31 December 2022.
Profit before tax was at Rs 556.91 crore in Q3 FY23, down 8.7% from Rs 609.80 crore reported in the same period a year ago. Total expenses decreased by 15.16% year on year to Rs 394.80 crore in Q3 FY23.
EBITDA tumbled 20.61% to Rs 573.07 crore in the quarter ended 31 December 2022 as compared with Rs 721.87 crore recorded in Q3 FY22.
Meanwhile, the company's board has declared an interim dividend of Rs 3.75 per equity share for the financial year 2022-23.
On consolidated basis, the company's net profit shed 9.8% to Rs 425 crore on 16.4% fall in revenue to Rs 886.88 crore in Q3 FY23 over Q3 FY22.
Sun TV Network is engaged in producing and broadcasting satellite television and radio software programming in the regional languages.
Shares of Sun TV Network advanced 2.41% to Rs 458.15 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app