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.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
Bajaj Finserv was the top gainer in the Sensex pack, rising around 4 percent, followed by Bajaj Finance, Reliance Industries, IndusInd Bank and Axis Bank
Those arrested include managing directors, proprietors and partners of business and trade entities either involved in availing or utilising the ineligible input tax credit fraudulently
The company, which gets a bulk of its topline from IT services, said it expects revenues from that business to be in the range of $2,102 million to $2,143 million in the March 2021 quarter