Sun TV Declares 100% Interim Dividend Of Rs. 5/Share, Stock Price Up 15% In 1 Month: Check Details

Sun TV is a mid-cap entertainment company, which has recently announced an interim dividend. At the Board Meeting held on August 12, the Board of Directors declared an Interim Dividend of Rs. 5.00/share (100%) on a face value of Rs. 5.00/share.

Sun TV Network Limited - NSE performance

Although the company's share price had reported de-growth in the long term, it is performing quite well in the last 1 month. The current market price of Sun TV Network Limited stood at Rs. 486.90/share on NSE, up by 2.03%, till last traded. In the last 5 days, the share price of this company has surged by 3.58% on NSE, and in the last 1 month, its share price has surged by 14.82%. In the past 6 months it has fallen 1.38%, and in the last 1 year, its share price has fallen by 4.40%. Its share price fell by 34.42% in the last 5 years.

The 52-week high level of this stock is Rs. 612, and the 52-week low level of this stock is Rs. 402.55.

Market capitalization	Current market price	5 Days performance	1 Month performance
Rs. 19,164 crore	Rs. 486	3.58%	14.82%

Financial results

The revenue for Q1FY23 was up by 47.38% at Rs. 1,193.90 crores as against Rs. 810.10 crores for the corresponding quarter ended June 30, 2021. The advertisement revenue for the quarter was up by ~40.84 % at Rs. 343.17 crores as against Rs. 243.66 crores for the corresponding quarter ended on June 30, 2021. EBITDA for the quarter ended June 30, 2022, was up ~54.32% at Rs. 763.83 crores as against Rs. 494.97 crores for the previous quarter ended June 30, 2021. The Profit after taxes for the current quarter stood higher by ~26.15 % to Rs. 491.68 crores as against Rs. 389.76 crores in the corresponding quarter ended June 30, 2021.

About the company

Sun TV Network Limited, one of the largest Television Broadcasters in India, operates Satellite Television Channels across six languages of Tamil, Telugu, Kannada, Malayalam, Bangla and Marathi, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket Franchise of the Indian Premier League and the Digital OTT Platform Sun NXT, the company informs.

Disclaimer

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