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Sun TV Network reports 24% fall in Q4 net profit

26 May 2012 Evaluate

Sun TV Network has reported results for the quarter and year ended March 31, 2012.

The company’s net profit for the fourth quarter ended March 31, 2012 fell by 23.67% to Rs 159.03 crore as compared to Rs 208.34 crore for the quarter ended March 31, 2011. Total income has slipped by 7.45% to Rs 442.09 crore for the quarter under review from Rs 477.69 crore for the corresponding quarter of the previous year.

For the year ended March 31, 2012, the company’s net profit registered 10.04% drop at Rs 694.65 crore as compared to Rs 772.22 crore for the previous year. The company’s total income has decreased marginally by 7.05% to Rs 1831.57 crore for the year from Rs 1970.50 crore in the previous year.

On consolidated basis, the Group’s net profit stood at Rs 692.91 crore for the year under review as compared to Rs 769.76 crore for the period ago, down by 9.98%. Its total income has declined marginally by 6.57% to Rs 1926.72 crore for the year ended March 31, 2012 from Rs 2062.16 crore in the previous year.

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