Sun TV Network was established in 1985 as Sumangali Publications Private Limited and was later renamed as Sun TV Network Limited. Sun TV, the flagship channel of the company, was started in 1993. STNL is primarily involved in television broadcasting. Besides, it produces/distributes movies under the banner Sun Pictures. Presenting below are its Q1 FY26 earnings results.
Q1 FY26 Earnings Results
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Net Profit (PAT): ₹529 crore, down 5.5% year-over-year (YoY) from ₹559–560 crore in Q1 FY25.
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Revenue from Operations: ₹1,290 crore, a decline of 1.8% YoY (Q1 FY25: ₹1,313 crore).
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EBITDA: ₹619 crore, down 13–14% YoY (Q1 FY25: ₹719 crore). EBITDA margin fell to 48% from 54.7% YoY.
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Advertising Revenue: ₹290 crore, an 11% YoY drop (Q1 FY25: ₹324 crore), reflecting weak advertiser demand.
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Domestic Subscription Revenue: ₹470 crore, up 10.4% YoY (Q1 FY25: ₹426 crore).
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Cricket Franchise Income: ₹473 crore.
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Operating Expenses: Rose 22.3% YoY to ₹252 crore.
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EPS: ₹13.4, a decline of 5.36% on the YoY basis.
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Dividend: Interim dividend of ₹5/share declared.
Key Management Commentary & Strategic Highlights
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Management attributed the profit and margin decline to continuous pressure on ad spends from key clients across sectors, affecting the core advertising business.
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However, robust growth in domestic subscription revenue amid continued migration to pay-TV, along with strong cricket franchise earnings, partially offset advertising headwinds.
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Sun TV made a significant move by acquiring Northern Superchargers (UK cricket franchise) for GBP 100.5 million, expanding its global sports business.
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The company continues to focus on growing Sun NXT (OTT platform) and investing in original and digital-first content to capture new-age audiences.
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Operating leverage is expected to improve as ad spending normalises and cost intensity in content production is rationalized.
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The board emphasized financial discipline, steady dividend payout, and new revenue streams as strategic priorities.
Q4 FY25 Earnings Results
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Net Profit (PAT): ₹371.6 crore, down 10.4% YoY (Q4 FY24: ₹414.7 crore).
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Revenue from Operations: ₹940.6 crore, down 2.2% YoY (Q4 FY24: ₹961.3 crore).
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EBITDA: ₹429 crore (vs ₹523 crore YoY); margin contracted to 45.6% from 54.4%.
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Total Income: ₹1,135.9 crore, up 7.4% YoY.
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Annual FY25: PAT: ₹1,704 crore (down 12% YoY); Revenue: ₹4,015 crore (down 6% YoY).
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Dividend: Final dividend for FY25 declared at ₹5 per share.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.