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Sun TV Network posts Rs 345.91 crore profit in Q2
KOLKATA: Despite growth in subscription revenue, Sun TV Network’s profit for the second quarter declined 5.62 per cent to Rs 345.91 crore, from Rs.366.51 crore in the corresponding quarter last year.
The revenues for the quarter stood at Rs 756.16 crore as against Rs 773 .93 crore for the corresponding quarter previous year. The total income for the quarter was at Rs 807.71 crore as against Rs 846.07 crore in Q2 FY19.
However, it has reported a good growth in subscription revenue that is up by 14 per cent year-on-year Rs 427.04 crore compared to Rs 375.65 crore in the same quarter last year. EBITDA for the quarter is up by 7.10 per cent year over year standing at Rs 502.03 crore.
“The stock is currently trading at 12.5x FY22E and 12x FY23E PER, which still appears to be reasonable given the strong balance sheet position, healthy cash reserves and potential buyback/dividend (current dividend yield of 6.25 per cent) which will augur well for investors, and provides upside potential despite weak ad revenues. We maintain accumulate with same TP of Rs 525 on 14.5x (unchanged) one-year forward P/E,” said Elara Capital VP research analyst (media) Karan Taurani.
Taurani added that in terms of weekly viewership share data by BARC, the network has been losing viewership share for three consecutive months, slipping below 40 per cent mark on the back of relaxation of lockdown and resumption of new shows on rival channels in Tamil genre post July 2020. However, he said that the share of flagship channel Sun TV is expected to stabilize and largely move back to pre-Covid levels of over 40 per cent backed by the recently launched three new programs within the GEC genre.
NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.
The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.
Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.
The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.
Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.
Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.
The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.
Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.
Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.
The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.
Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.
