Sun TV posts a 9% growth in revenue for Q3

Sun TV Network posted a growth of around 9% in the revenues to Rs.552.44 crores, for the quarter ended 31 st December, 2014 in comparison to Rs.508.34 crores during the corresponding quarter ended 31 st December 2013.

Advertisement Revenue for the quarter ended 31 st Dec’ 14 up ~7% at Rs.291.57 crores while DTH Revenue for the quarter ended 31 st Dec’ 14 was up about 18% at Rs.132.88 crores.

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The Total Income for the quarter ended 31 st December 2014 also registered an increase of 9.91 % at Rs.575.03 crores in comparison to Rs.523.19 crores during the corresponding quarter.

Operating profit, measured as EBITDA, for the quarter saw an increase of 15.07% at Rs.428.07 crores in comparison to Rs.372.02 crores for the corresponding quarter.

Net Profit (PAT) also registered an increase of 15.25% at Rs.214.13 crores for the quarter as compared to Rs.185.79 crores in the corresponding quarter ended 31 st December 2013.

The company, whose promoters recently exited the loss-making SpiceJet airline, also declared a third Interim Dividend of Rs.6.75 per share (135 %).

With this, the total dividend declared by the Board so far for the financial year 2014 – 15 is Rs.11.25 per share, up from Rs.9.50 per share (190%)in the previous year ended 31 st March 2014.

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