Capitaline

Results 13-Aug-26

Analysis

Sun TV Network

Net profit up 17% YoY to Rs 618.8 cr in Q1FY2027

On consolidated basis

Quarter ended June 2026 compared with Quarter ended June 2025.

Net sales (including other operating income) of Sun TV Network has increased 12.99% to Rs 1457.88 crore.

Operating profit margin has jumped from 48% to 50.44%, leading to 18.72% rise in operating profit to Rs 735.30 crore. Employee cost decreased from 6.58% to 5.85%. Other expenses fell from 45.42% to 43.71%. Selling and administration expenses rose from 7.31% to 8.46%. Other direct service cost fell from 19.54% to 16.31%.

Other income fell 6.56% to Rs 176.52 crore. PBIDT rose 12.81% to Rs 911.82 crore. Provision for interest fell 60.28% to Rs 1.41 crore.

PBDT rose 13.14% to Rs 910.41 crore. Provision for depreciation fell 10.92% to Rs 95.79 crore.

Profit before tax grew 16.85% to Rs 814.62 crore. Provision for tax was expense of Rs 198.49 crore, compared to Rs 165.24 crore. Effective tax rate was 24.28% compared to 23.79%.

Minority interest increased 127.27% to Rs 0.25 crore. Net profit attributable to owners of the company increased 16.96% to Rs 618.82 crore.

Promoters’ stake was 75.00% as of 30 June 2026 ,compared to 75.00% as of 30 June 2025 .

Full year results analysis.

Net sales (including other operating income) of Sun TV Network has increased 7.83% to Rs 4334.82 crore.

Operating profit margin has declined from 53.05% to 51.08%, leading to 3.82% rise in operating profit to Rs 2,214.21 crore. Employee cost decreased from 8.28% to 7.81%. Other expenses rose from 38.67% to 41.11%. Selling and administration expenses fell from 3.36% to 2.69%. Other direct service cost rose from 22.07% to 22.94%.

Other income fell 19.06% to Rs 565.65 crore. PBIDT fell 1.82% to Rs 2779.86 crore. Provision for interest rose 2.66% to Rs 13.91 crore. Loan funds declined from Rs 124.34 crore as of 31 March 2025 to Rs 105.93 crore as of 31 March 2026. Sundry debtors were higher at Rs 1,433.46 crore as of 31 March 2026 compared to Rs 1,224.06 crore as of 31 March 2025. Cash and bank balance declined from Rs 343.54 crore as of 31 March 2025 to Rs 289.53 crore as of 31 March 2026. Investments declined from Rs 8,302.61 crore as of 31 March 2025 to Rs 7,820.67 crore as of 31 March 2026.

PBDT fell 1.84% to Rs 2765.95 crore. Provision for depreciation rose 33.67% to Rs 722.6 crore. Fixed assets declined from Rs 1,918.06 crore as of 31 March 2025 to Rs 855.71 crore as of 31 March 2026. Intangible assets increased from Rs 4.80 crore to Rs 2,569.34 crore.

Profit before tax down 10.27% to Rs 2,043.35 crore. Share of profit/loss was 536.73% lower at Rs -31.2 crore. Extraordinary items were decreased to Rs -72.98 crore. Provision for tax was expense of Rs 498.54 crore, compared to Rs 513.2 crore. Effective tax rate was 25.71% compared to 23.15%.

Minority interest decreased 21.64% to Rs 1.05 crore. Net profit attributable to owners of the company decreased 15.42% to Rs 1,439.58 crore.

Equity capital stood at Rs 197.04 crore as of 31 March 2026 to Rs 197.04 crore as of 31 March 2025. Per share face Value remained same at Rs 5.00.

Promoters’ stake was 75.00% as of 31 March 2026 ,compared to 75.00% as of 31 March 2025 .

Cash flow from operating activities increased to Rs 1,801.64 crore for year ended March 2026 from Rs 1,663.08 crore for year ended March 2025. Cash flow used in acquiring fixed assets during the year ended March 2026 stood at Rs 2,130.31 crore, compared to Rs 383.73 crore during the year ended March 2025.

Sun TV Network : Consolidated Results

	Quarter ended			Year ended
Particulars	202606	202506	Var.(%)	202603	202503	Var.(%)
Net Sales (including other operating income)	1,457.88	1,290.28	12.99	4,334.82	4,019.87	7.83
OPM (%)	50.44	48.00	244 bps	51.08	53.05	-197 bps
OP	735.30	619.35	18.72	2,214.21	2,132.64	3.82
Other Inc.	176.52	188.91	-6.56	565.65	698.82	-19.06
PBIDT	911.82	808.26	12.81	2,779.86	2,831.46	-1.82
Interest	1.41	3.55	-60.28	13.91	13.55	2.66
PBDT	910.41	804.71	13.14	2,765.95	2,817.91	-1.84
Depreciation	95.79	107.53	-10.92	722.6	540.59	33.67
PBT	814.62	697.18	16.85	2043.35	2277.32	-10.27
Share of Profit/(Loss) from Associates	2.94	-2.73	LP	-31.2	-4.9	-536.73
PBT before EO	817.56	694.45	17.73	2012.15	2272.42	-11.45
EO Income	0	0	-	-72.98	-55.8	-30.79
PBT after EO	817.56	694.45	17.73	1939.17	2216.62	-12.52
Taxation	198.49	165.24	20.12	498.54	513.2	-2.86
PAT	619.07	529.21	16.98	1440.63	1703.42	-15.43
Minority Interest (MI)	0.25	0.11	127.27	1.05	1.34	-21.64
Net profit	618.82	529.1	16.96	1439.58	1702.08	-15.42
P/(L) from discontinued operations net of tax	0	0	-	0	0	-
Net profit after discontinued operations	618.82	529.1	16.96	1439.58	1702.08	-15.42
EPS (Rs)*	15.70	13.43	16.96	37.91	44.28	-14.38

* 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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