Sun TV Network Q3 Result 2024: Date and Time, Share Price and Target

News: Sun TV Network Ltd., a prominent player in the broadcasting and cable TV sector, recently announced its financial results for the third quarter of 2024. In this article, we’ll delve into the key highlights of Sun TV’s performance during this period.

Financial Snapshot

• Consolidated Net Profit: Sun TV Network’s consolidated net profit rose by 6.8% year-on-year, reaching Rs 454.09 crore in Q3 FY24. This growth reflects the company’s resilience and adaptability in a dynamic market.
• Revenue from Operations: The company’s consolidated revenue from operations stood at Rs 923 crore, marking a 4.1% increase compared to the same quarter in the previous fiscal year.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): Consolidated EBITDA grew by 0.9%, reaching Rs 589.32 crore during the quarter.
• Margins: Sun TV Network maintained robust margins, with a consolidated margin of 63.8%.

Dividend Announcement

• The Board of Directors declared an interim dividend of 50%, translating to Rs 2.50 per equity share with a face value of Rs 5 each for the financial year 2023–24.
• Record Date: Shareholders eligible for the dividend will be determined based on the record date, which is Monday, February 23, 2024.
• Payment Date: The payment of the interim dividend will commence on and from Tuesday, March 5, 2024.

Share Price Movement

Sun TV Network’s share price closed at Rs 627.05 at the end of trading hours on the day of the announcement, reflecting a 2.18% increase.

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About Sun TV Network Ltd :

Sun TV Network Limited, headquartered in Chennai, Tamil Nadu, India, is a prominent Indian media conglomerate. Let’s explore some key details about this company:

Founding and Ownership:

• Sun TV Network was established on April 14, 1993, by Kalanithi Maran.

• It is a part of the Sun Group and ranks among Asia’s largest TV networks.

Business Operations:

• Sun TV Network operates a variety of television channels in multiple languages, including Tamil, Telugu, Malayalam, Kannada, Bengali, and Marathi.

• Additionally, the company owns radio stations in various languages.

Sun TV Network’s Q3 results demonstrate its steady performance and commitment to shareholders. As investors, it’s essential to keep an eye on further developments and the company’s strategic moves in the ever-evolving media landscape.

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