Capitaline

Results 08-Aug-25

Analysis

Sun TV Network

Revenue down 1.8% YoY to Rs 1290.3 cr, Net profit down 5.4% YoY to Rs 529.1 cr in Q1FY2026

On consolidated basis

Quarter ended June 2025 compared with Quarter ended June 2024.

Net sales (including other operating income) of Sun TV Network has declined 1.77% to Rs 1290.28 crore.

Operating profit margin has declined from 54.73% to 48%, leading to 13.84% decline in operating profit to Rs 619.35 crore. Employee cost increased from 6.33% to 6.58%. Other expenses rose from 38.94% to 45.42%. Selling and administration expenses fell from 7.67% to 7.31%. Other direct service cost rose from 15.74% to 19.54%.

Other income rose 28.62% to Rs 188.91 crore. PBIDT fell 6.64% to Rs 808.26 crore. Provision for interest rose 53.68% to Rs 3.55 crore.

PBDT fell 6.80% to Rs 804.71 crore. Provision for depreciation fell 5.19% to Rs 107.53 crore.

Profit before tax down 7.04% to Rs 697.18 crore. Provision for tax was expense of Rs 165.24 crore, compared to Rs 192.89 crore. Effective tax rate was 23.79% compared to 25.63%.

Minority interest decreased 68.57% to Rs 0.11 crore. Net profit attributable to owners of the company decreased 5.40% to Rs 529.10 crore.

Promoters’ stake was 75.00% as of 30 June 2025 ,compared to 75.00% as of 30 June 2024 .

Full year results analysis.

Net sales (including other operating income) of Sun TV Network has declined 6.12% to Rs 4019.87 crore.

Operating profit margin has declined from 61.61% to 53.05%, leading to 19.16% decline in operating profit to Rs 2,132.64 crore. Employee cost increased from 7.48% to 8.28%. Other expenses rose from 30.91% to 38.67%. Selling and administration expenses rose from 3.33% to 3.36%. Other direct service cost rose from 17.26% to 22.07%.

Other income rose 38.37% to Rs 698.82 crore. PBIDT fell 9.92% to Rs 2831.46 crore. Provision for interest rose 58.29% to Rs 13.55 crore. Loan funds rose to Rs 123.57 crore as of 31 March 2025 from Rs 37.75 crore as of 31 March 2024. Sundry debtors were lower at Rs 1,222.44 crore as of 31 March 2025 compared to Rs 1,254.28 crore as of 31 March 2024. Cash and bank balance rose to Rs 423.09 crore as of 31 March 2025 from Rs 400.81 crore as of 31 March 2024. Investments rose to Rs 8,302.61 crore as of 31 March 2025 from Rs 7,060.65 crore as of 31 March 2024 .

PBDT fell 10.10% to Rs 2817.91 crore. Provision for depreciation rose 1.67% to Rs 540.59 crore. Fixed assets declined from Rs 1,847.07 crore as of 31 March 2024 to Rs 895.81 crore as of 31 March 2025. Intangible assets increased from Rs 4.80 crore to Rs 1,020.47 crore.

Profit before tax down 12.51% to Rs 2,277.32 crore. Provision for tax was expense of Rs 513.2 crore, compared to Rs 687.31 crore. Effective tax rate was 23.15% compared to 26.30%.

Minority interest increased 83.56% to Rs 1.34 crore. Net profit attributable to owners of the company decreased 11.58% to Rs 1,702.08 crore.

Equity capital stood at Rs 197.04 crore as of 31 March 2025 to Rs 197.04 crore as of 31 March 2024. Per share face Value remained same at Rs 5.00.

Promoters’ stake was 75.00% as of 31 March 2025 ,compared to 75.00% as of 31 March 2024 .

Cash flow from operating activities decreased to Rs 1,663.08 crore for year ended March 2025 from Rs 2,171.30 crore for year ended March 2024. Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 383.73 crore, compared to Rs 511.18 crore during the year ended March 2024.

Sun TV Network : Consolidated Results

	Quarter ended			Year ended
Particulars	202506	202406	Var.(%)	202503	202403	Var.(%)
Net Sales (including other operating income)	1,290.28	1,313.55	-1.77	4,019.87	4,282.10	-6.12
OPM (%)	48.00	54.73	-672 bps	53.05	61.61	-856 bps
OP	619.35	718.84	-13.84	2,132.64	2,638.10	-19.16
Other Inc.	188.91	146.87	28.62	698.82	505.02	38.37
PBIDT	808.26	865.71	-6.64	2,831.46	3,143.12	-9.92
Interest	3.55	2.31	53.68	13.55	8.56	58.29
PBDT	804.71	863.40	-6.80	2,817.91	3,134.56	-10.10
Depreciation	107.53	113.42	-5.19	540.59	531.72	1.67
PBT	697.18	749.98	-7.04	2277.32	2602.84	-12.51
Share of Profit/(Loss) from Associates	-2.73	2.58	PL	-4.9	10.27	PL
PBT before EO	694.45	752.56	-7.72	2272.42	2613.11	-13.04
EO Income	0	0	-	-55.8	0	-
PBT after EO	694.45	752.56	-7.72	2216.62	2613.11	-15.17
Taxation	165.24	192.89	-14.33	513.2	687.31	-25.33
PAT	529.21	559.67	-5.44	1703.42	1925.8	-11.55
Minority Interest (MI)	0.11	0.35	-68.57	1.34	0.73	83.56
Net profit	529.1	559.32	-5.40	1702.08	1925.07	-11.58
P/(L) from discontinued operations net of tax	0	0	-	0	0	-
Net profit after discontinued operations	529.1	559.32	-5.40	1702.08	1925.07	-11.58
EPS (Rs)*	13.43	14.19	-5.40	44.28	48.85	-9.36

* EPS is on current equity of Rs 197.04 crore, Face value of Rs 5, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database

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