Sun TV Network

New Delhi Television (NDTV), Dish TV, Sun TV Network, and Zee Entertainment outperformed the indices over the last six months by surging between 18 per cent and 95.5 per cent

Between the two, Sun had better growth rates than Zee in the Sept quarter

State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.

Sun TV's revenue from operations rose 48.88 per cent to Rs 1,219.14 crore in the latest June quarter. It was at Rs 818.87 crore in the year-ago period.

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In the last one year, Sun TV has underperformed the market by falling 24 per cent, as against a 0.1 per cent gain on the S&P BSE Sensex.

Corporate India's leading earners got a total paycheck of Rs 3,222.4 crore - up from Rs 2,424.9 crore a year ago

Shares of Future Group related companies may see some action as the company has called for shareholders and creditors meeting to get nod for the proposed Rs 24,713 crore deal with Reliance Retail.

Realty stocks on the back of PAG taking a contra call on the sector and corporate earnings will be in focus today

South-based broadcaster Sun TV Network Ltd on Friday reported a consolidated profit after tax (PAT) of Rs 365.03 crore for the quarter ended June

The advertisement revenues for the year was at Rs 994.03 crore as against Rs 1,336.91crore for the previous year

Rs 250 crore will be spent on its Sun NXT initiative, sizeable investments would go toward Bengali and Marathi, which are potentially larger markets than Malayalam

EBITDA for the quarter was up 7.1%

Further uptick depends on recovery in advertising rates

Speaking to investors, S L Narayanan, Group CFO, Sun TV Network said, capex depends on how quickly the theaters restart

Firm says 25% growth in subscription revenues is highly profitable as it doesn't have a high cost of sales apart from commissions; it sees 2020-21 subscription revenue well over double digits

While, the total income declined 17 per cent to Rs 818.81 crore as compared to Rs 986.50 crore registered a year ago

The subscription revenues for the quarter was up by 18 per cent to Rs 411.85 crore from Rs 349.60 crore for the corresponding quarter ended December 31, 2018

Investors should await ad revenue growth revival before tuning in

Sun NXT to parnter with major telecom company and is consider another OTT player's offer to buy content