Rs 5/Share Dividend: Media Stock Reports 14% Jump In Q2 PAT, Up 49% In 6-Months

Media & Entertainment sector stock Sun TV Network Ltd on Friday declared a rise of 14.05% in its consolidated profit after tax (PAT) to Rs 464.54 crore for the quarter ended September 30, 2023. It announced its PAT at Rs 407.31 crore in the year ago period, according to its BSE filing issued today. The company also cheered its shareholders as it declared an interim dividend of Rs 5/- per Equity Share of Rs 5/- each ( i.e 100%) for the financial year 2023 -24.

Last trading price of Sun TV Network share on BSE is Rs 646.95 per share with intraday fall of 1.05%. Sun Tv Network shares delivered return of 49% in last 6-months. Check details below:

Sun TV Network Declared Interim Dividend: According to the BSE filing issued today (November 10, 2023), "an interim dividend of Rs 5/- per equity share of Rs 5/- each (i.e. 100%) for the financial year 2023-24 has been declared."

Sun TV Network Stock Performance & Return: Last trading price of Sun TV Network share on BSE today is Rs 646.95 per share with intraday fall of 1.05%. Its 52-week high price today is Rs 666.05 per share and 52-week low price is Rs 394.00 per share, respectively. The company has a market capitalisation of Rs 25,495.30 crore. Sun TV Network shares gained 17% in last 3-months, soared 32% in year-to-date, rallied over 15% in last 1-year, and offered return of 47% in last 3-years.

Sun TV Network Q2 Results: The company announced its revenue from operations at Rs 1048.45 crore, up 26.98% for the September quarter from Rs 825.65 crore. It reported its total expenses at Rs 541.06 crore, up 45.92% and the company's total income surged 26.8% to Rs 1160.21 crore.

About: Sun TV Network is owned by Sun Group, one of the largest media conglomerates in India with operations in multi-diversified sectors. Sun TV Network has 33 power packed Television Channels with a reach of more than 95 million households in India, according to its LinkedIn page.

Disclaimer: The stock just highlights the dividend, quarterly earnings and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.