Standalone profit before tax jumped 54.5% to Rs 503.58 crore in Q4 FY21 from Rs 325.85 crore in Q4 FY20. EBITDA for Q4 FY21 was up by 9% year on year to Rs 546.79 crore as against Rs 503.51 crore for the previous quarter ended 31 March 2020.
The company posted a 10.8% rise in standalone net profit of Rs 1,520.41 crore for the year ended Mach 2021 (FY21) compared with Rs 1,371.83 crore in the year ended March 2020 (FY20). Net sales fell 8.5% to Rs 3,116.59 crore in FY21 over FY20.
Sun TV Network is one of the largest television broadcasters in India, operates satellite television channels across five languages of Tamil, Telugu, Kannada, Malayalam and Bangla, 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.
Shares of Sun TV were down 1.4% at Rs 523.50 on BSE.
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