Sun TV Q1 net profit rises 19% to Rs 233.1 crore
Sun TV's income from operations stood at Rs 760.8 crore in the reported quarter, up 10.4 per cent
New Delhi: Sun TV Network today reported a 19 per cent increase in net profit at Rs 233.1 crore for the first quarter ended June.
The company had posted a net profit of Rs 195.8 crore in the same period last year.
Sun TV's income from operations stood at Rs 760.8 crore in the reported quarter, up 10.4 per cent, from Rs 689.5 crore in the year-ago period, the company said in a BSE filing.
During the quarter, subscription revenue grew 22 per cent to Rs 232.1 crore.
The stock closed 0.42 per cent down at Rs 482.30 on BSE on Friday.
According to official sources the I-T department is looking into a land deal between Sood's firm and a real estate company in Lucknow following complaints of alleged tax evasion
The CBDT had claimed that Sood routed his "unaccounted income in the form of bogus unsecured loans from many bogus entities"
The CBDT also accused Sood of violating the Foreign Contribution Regulation Act (FCRA) while raising donations from abroad.