Sun TV broadcasts bright results in Q1FY17

Sun TV Networks, one of the largest television broadcaster of India on Aug 19, post market hours has declared its Q1FY17 results. In Q1FY17, the company’s revenue has grown by 10 per cent and stands at Rs 760.83 crores. EBITDA stands at Rs 436.43 crores, which has grown by 7 per cent as compared to Q1FY16. Net profits in Q1FY17, have grown by 19 per cent and stand at Rs 233.06 crores.Subscription revenue of the company has grown by 37 per cent and DTH subscription has grown by 16 per cent.

On the other hand, shares of the company on Aug 19 closed at Rs 482.30, marginally down by 0.42 per cent. In the last 3 months, shares have given a return of 30 per cent, and in the last 6 months shares have surged by 49 per cent. 52-week High/Low stands at Rs 491.05/292.75.

Sun TV is a Tamil satellite television station. Sun TV was launched on April 14, 1993. It is the flagship channel of the Chennai-based Sun TV Network. It was founded and is owned by Kalanidhi Maran. Sun TV launched its HD version on December 11, 2011. As of October 2015, Sun TV is the most viewed entertainment channel in India.