Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Sun TV Q3 profit little changed at Rs214 crore, misses estimates
BackBack

Sun TV Q3 profit little changed at Rs214 crore, misses estimates

Profit during the December quarter was little changed from a year earlier on tepid growth in advertising revenue

A file photo of Kalanithi Maran. Net sales of Sun TV Network rose to Rs574 crore from Rs552 crore a year ago.Premium
A file photo of Kalanithi Maran. Net sales of Sun TV Network rose to Rs574 crore from Rs552 crore a year ago.

Chennai: Kalanithi Maran’s Sun TV Network Ltd on Friday said net profit for the quarter ended 31 December 2015 was little changed from a year earlier on tepid growth in advertising revenue.

The Chennai-based company posted a net profit of 214 crore, slightly down from 216 crore a year ago. Net profit fell short of the estimate of 227 crore in a Bloomberg survey of analysts.

Net sales rose to 574 crore from 552 crore a year ago. Analysts polled by Bloomberg had estimated sales of 601 crore.

Advertising revenue increased 2% to 298 crore in the quarter ended 31 December from year ago.

Sun TV share closed at 329.70, up by 1.01 %, as the benchmark Sensex ended higher by 0.15 % at 22,986.12 points.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 12 Feb 2016, 07:04 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie