Sun TV Stock Hits New 52-Week High

The Indian broadcaster reported a consolidated profit after tax of Rs 464.54 crore for the July-September quarter. The company had reported a PAT of Rs 407.31 crore in the year-ago period.

Sun TV Network share price jumped over 3 percent in the morning session hitting a new 52-week high on November 13 after the company reported a 14 per cent rise in Q2 net profit YoY.

The Indian broadcaster on November 10 reported a consolidated profit after tax of Rs 464.54 crore for the July-September quarter. The company had reported a PAT of Rs 407.31 crore in the year-ago period, Sun TV Network said in a regulatory filing.

The company’s revenue from operations was Rs 1,048.45 crore, up 26.98 per cent during the period from Rs 825.65 crore. Sun TV’s total expenses were Rs 541.06 crore, up 45.92 per cent while its total income rose 26.8 per cent to Rs 1,160.21 crore. 

The company has also declared an interim dividend of Rs 5. The record date for the dividend is November 21 , 2023 and the ex-dividend date will be November 21, 2023.

At 11:00AM, Sun TV Network stock was trading at Rs 671.90 per share on NSE, up 3.21 per cent.

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