Mumbai: Shares of Sun TV Network Ltd. on Monday fell by over 5% after the company reported a marginal increase in its net profit for the first quarter ended 30 June, 2014.

Sun TV’s shares ended with a loss of 5.50% at Rs396.85 on the BSE. During the day, it fell by 5.79% to Rs395.60. At the NSE, the scrip plunged 5.20% to Rs397.40.

“Sun TV’s revenue was below estimate," brokerage firm Motilal Oswal said in a report.

Sun TV had on Friday reported a marginal increase in its net profit at Rs165.64 crore for the first quarter ended 30 June, 2014. The company had reported a net profit of Rs164.44 crore for the April-June quarter of the last year. Income from operations of the Kalanithi Maran-owned Sun TV Network in the quarter under review increased 5.27% to Rs633.58 crore as against Rs601.85 crore in the corresponding quarter last year, the company had said. PTI

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