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Sun TV Network's shares experienced a significant decline following the release of its first-quarter financial results for the fiscal year 2025. The South-based broadcaster reported a 5.5% year-on-year decrease in net profit, amounting to ₹559.8 crore, compared to ₹592.1 crore in the same period last year. Revenue also fell by 3% to ₹1,312.4 crore from ₹1,349.2 crore, with EBITDA down 10%. The company's performance failed to meet market expectations, leading to a drop in its share price by up to 11% to ₹815 on the BSE.
#MarketsWithBS | #SunTV Network share price today slipped 11% to Rs 815 on the #BSE on Monday. The shares fell amid heavy volumes after Sun TV reported a weak performance in #Q1FY25, with revenue down 3.2% YoY at Rs 1,276 cr. #markets #sharemarket https://t.co/3iYGGwL4aY
#SunTV tumbled up to 10% in Monday's trade after its Q1 performance missed street expectations. Co reported a dip in Q1 revenue, EBITDA and profit at 3%, 10%, and 6%, respectively, undershooting analysts' estimates @senmeghna Read more details here- https://t.co/F3APm7Dbdh
#SunTVNetwork's shares decline over 9% after it's first quarter revenue and profit dip missing expectations.
