Sun TV ends 3% lower post Q4 numbers

Sales rose 5.86% to Rs802.55cr in the quarter ended March 2021 as against Rs758.13cr during the previous quarter ended March 2020.

Jun 14, 2021 03:06 IST India Infoline News Service

SunTV
Shares of Sun TV Network ended lower on the stock exchanges post Q4 result. The net profit of the company rose 98.77% to Rs487.46cr in the quarter ended March 2021 as against Rs245.24cr during the previous quarter ended March 2020.

The quarter saw an expansion of EBITDA margins on the back of a sharp fall in depreciation expenses which more than halved in the quarter on yoy basis.

The stock is currently trading at Rs514.90 down by Rs16.05 or 3.02% from its previous closing of Rs530.95 on the BSE.

The scrip opened at Rs529.95 and has touched a high and low of Rs529.95 and Rs511.05 respectively.

The company reported 5.86% yoy rise in consolidated net revenues for the Mar-21 quarter at Rs802.55cr. On a sequential basis, net sales revenues were down -19.27% compared to total revenues in the Dec-20 quarter at Rs994.14cr.

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