Mumbai: Sun TV Network has announced its fourth quarter and yearly results for the financial year ended 31 March 2022. The company reported consolidated revenues of Rs 3584.82 crore for the year up by 12.84 per cent as against Rs 3,176.89 crore for the corresponding year ended 31 March 2021. Earnings before interest, taxes, depreciation, and amortization (Ebitda) for the same period was higher by 10.43 per cent at Rs 2,287 crore as against Rs 2,017.38 crore for the previous year.
The profit after tax (including shares from joint ventures) for the year stood at Rs 1641.91 crore up by 7.65 per cent.
The advertising revenues of the company for the year stood at Rs 1300.60 crore as against Rs 994.03 crore up by 30.84 per cent year-on-year. Its subscription revenues for the year stood at Rs 1657.13 crore, as against Rs 1,721.48 crore for the previous year.
For the fourth quarter, the company reported revenue of Rs 833.01 per cent crore up by 6.52 per cent year-on-year. Its profit after tax for the quarter stood at Rs 404.35 crore as against Rs 449.88 crore in the corresponding quarter last year.
The company’s advertising revenue for the quarter stood at Rs 337.13 crore up by 7.07 per cent. It reported subscription revenue of Rs 416.03 crore for the quarter as against Rs 428.12 crore for the corresponding quarter last year.
Sun TV Network operates satellite television channels across six languages of Tamil, Telugu, Kannada, Malayalam, Bangla and Marathi, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket franchise of the Indian Premier League and the digital OTT platform SunNXT.