Press Esc to close

Sun TV shares rise on higher Q3 net profit

Bangalore,Jan 23, 2013, DHNS: 22:32 IST
The share price of Kalanithi Maran-led Sun TV rose as high as 3.56 per cent in mid-afternoon trade on the Bombay Stock Exchange on Wednesday following better-than-expected results from the television and FM radio group during the third quarter of fiscal 2013 ended December 31, 2013.

Sun TV posted 13.10 per cent increase in net profit to Rs 189.88 crore in the three months ended December 31,2012 from Rs 167.88 crore in the corresponding period a year earlier. Total income during the period rose 10.73 per cent from Rs 448.32 crore a year ago to Rs 496.41 crore.

Analysts had been expecting net profit at Rs 178 crore on net sales of Rs 473 crore for the quarter. Earnings before interest tax depreciation and amortization (EBITDA) rose 10.32 per cent to Rs 376.34 crore in the quarter under review. EBITDA margin went up by 140 basis points quarter-on-quarter to 77.4 per cent in the third quarter. The board of Sun TV Network declared an interim dividend of Rs 2.50 per share for the year ending March 2013.

Its stock rose over 2.5 per cent in morning trade on Wednesday on the BSE following announcement of results. It closed at Rs 439.20, up 3.86 per cent over the previous day's close on BSE. Over 2 million shares were traded on the NSE on Wednesday.

Go to Top

More from this section
Most trending stories
Photo Gallery
Bronze medalist in the women's 4 x 5km relay cross-country skiing the team from Russia...

Bronze medalist in the women's 4 x 5km relay cross-country skiing the team from Russia...

Canada's Prime Minister Justin Trudeau with his son Hadrien, 3, feeds an elephant during...

Canada's Prime Minister Justin Trudeau with his son Hadrien, 3, feeds an elephant during...

Bollywood actress and dancer Smilie Suri during the Pole Dance practice...

Bollywood actress and dancer Smilie Suri during the Pole Dance practice...

A child plays with soap bubbles at the Surajkund Mela in...

A child plays with soap bubbles at the Surajkund Mela in...

Potters sell their items at the Surajkund Mela in...

Potters sell their items at the Surajkund Mela in...

People in costumes join a parade to mark Chinese new year, the Year of the Dog...

People in costumes join a parade to mark Chinese new year, the Year of the Dog...

Protesters stand near billboards placed by the pressure group Occupy Justice...

Protesters stand near billboards placed by the pressure group Occupy Justice...

Actress Tamannaah Bhatia during a promotional event...

Actress Tamannaah Bhatia during a promotional event...

Girls take selfie near a classic car at the 8th edition of the 21 Gun Salute...

Girls take selfie near a classic car at the 8th edition of the 21 Gun Salute...

A man feeds langurs at Khandagiri in...

A man feeds langurs at Khandagiri in...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.