SUN TV Network Limited has announced its Q2 results for the period ending in September 2024. The financial figures show a robust operational structure, with slight variances in comparison to both the previous quarter (June 2024) and the same quarter in the previous year (September 2023).
Key Financial Highlights:
Revenue: The Q2 revenue stands at Rs. 935 crore, which is a decrease from the previous quarter (June 2024) at Rs. 1,312 crore, but lower compared to the same quarter last year, which reported Rs. 1,048 crore.
Net Profit: SUN TV reported a net profit of Rs. 409 crore for Q2 2024, down from Rs. 560 crore in Q1 2024. When compared to Q2 2023, the net profit also saw a decrease from Rs. 465 crore.
Operating Profit Margin (OPM): The operating profit margin for Q2 2024 was at 58%, slightly higher than Q1 2024’s 55%, but lower than the 69% OPM seen in Q2 2023, showcasing a stable yet fluctuating profitability.
Other Income: In terms of other income, the company reported Rs. 172 crore in Q2 2024, which reflects an increase from Rs. 149 crore in Q1 2024 and a substantial rise compared to Rs. 112 crore in Q2 2023.
Earnings Per Share (EPS): The EPS for Q2 2024 stands at Rs. 10.38, marking a decrease from Rs. 14.20 in the previous quarter. Year-over-year, the EPS also saw a decline from Rs. 11.79.
This quarter’s results highlight SUN TV’s ability to maintain profitability and generate a healthy operating profit margin amidst fluctuations in revenue and EPS. The comparative analysis indicates a steady management of operational costs, though revenue and net profit were slightly lower than the previous quarter and the same period last year.
SUN TV Q2 2024 Financial Results
| Metric | Sep 2024 | Jun 2024 | Sep 2023 |
|---|---|---|---|
| Sales (Rs. Cr) | 935.00 | 1312.00 | 1048.00 |
| Net Profit (Rs. Cr) | 409.00 | 560.00 | 465.00 |
| Operating Profit Margin | 58% | 55% | 69% |
| Other Income (Rs. Cr) | 172.00 | 149.00 | 112.00 |
| EPS | 10.38 | 14.20 | 11.79 |
| Operating Profit (Rs. Cr) | 541.00 | 719.00 | 728.00 |
