Dividend Soon! Media Company to Consider Second Interim Dividend; Board Meeting Scheduled

Indian media conglomerate, Sun TV Network Ltd., is set to consider another interim dividend, with its Board of Directors scheduled to meet on March 7, 2025. This decision follows the company's recent financial performance update and an earlier Rs. 2.50 per share interim dividend announcement on February 7, 2025.

Sun TV Network Dividend History

Over the past 12 months, Sun TV Network has declared a total equity dividend of Rs. 15.50 per share as per BSE data. The February interim dividend of Rs. 2.50 per equity share of ₹5.00 each (50%) was announced by the Board.

Sun TV Share Performance

Sun TV Network's stock has been facing continued selling pressure. On March 5, 2025, the stock is trading at Rs. 557.20, down 0.76% at the time of writing. Over the past five days, the stock has declined by 7.16%, while it has lost 12% in the last month. The six-month performance remains negative, with a sharp 30% drop, and the year-to-date (YTD) decline stands at 19.38%.

Sun TV Network's Q3 FY25 Financial Performance

Sun TV Network reported a 20% year-on-year (YoY) decline in net profit for the December 2024 quarter, reflecting weaker operational performance amid shifting media consumption trends and advertising pressures. The company's net profit stood at Rs.363 crore, down from Rs.453.9 crore in Q3 FY24, while revenue from operations declined 10.4% YoY to Rs.827.6 crore compared to Rs.923.2 crore a year ago. At the operating level, EBITDA dropped 24.6% to Rs.444.3 crore, with the EBITDA margin contracting to 53.7% from 63.8% YoY. Total income also declined to Rs.927.66 crore from ₹1,014.81 crore, while advertisement revenue slipped to Rs.332.17 crore from Rs.355.43 crore in the previous year's quarter. Additionally, profit before tax fell to Rs.454.61 crore from Rs.591.31 crore YoY.

About Sun TV Network

Sun TV Network Ltd. is one of India's largest media and entertainment companies, primarily operating in television broadcasting, radio, digital content, and film production. Headquartered in Chennai, Tamil Nadu, the company was founded in 1993 and is a dominant player in South India's regional entertainment market. The network owns and operates 33 television channels across multiple languages, including Tamil, Telugu, Kannada, and Malayalam, reaching over 95 million households in India. The company is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).