Sun TV Network Limited today announced the financial results for the quarter ending June 30, 2020. Sun TV reported a net profit of Rs 257.21 crores, up from Rs 245.23 crores in the previous quarter despite COVID-19 due to a formidable financial situation.
Results at a Glance
- Total income at Rs 723.1 crores
- Total expenses at Rs 366.78 crores
- PAT at Rs 257.21 crores
- Subscription revenues at Rs 442.25 crores
Sun TV’s total income stood at Rs 723.1 crores, down from Rs 818.58 crores in the previous quarter due to the impact of COVID-19. The net income from operations stood at Rs 611.51 crores, down from Rs 758.13 crores in the previous quarter.
The expenses reduced in Q1 FY 21 at Rs 356.32 crores from Rs 493.03 crores in the previous quarter. The subscription revenues for the quarter stood at Rs 442.25 crores, up by 18% as against Rs 375.95 crores for the quarter ended 30th June 2020.
The revenues from the DTH business stood at Rs 216 crore. Sun TV’s net profit after tax rose in Q1 FY 21 despite COVID-19 at Rs 257.21 crores, up from Rs 245.23 crores in the previous quarter.