Outcome of the Board Meeting of Sun TV Network Limited
SUNTV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.1 pts less than Nifty Smallcap 250 and 6.5 pts less than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sun TV Network Limited reported FY2026 audited results for the quarter and year ended March 31, 2026. Standalone revenue grew 5.8% to Rs 4,102.13 crore, while consolidated revenue rose 7.8% to Rs 4,334.82 crore. However, profitability declined significantly — standalone PAT dropped 15.8% to Rs 1,393.52 crore and consolidated PAT fell 15.4% to Rs 1,440.63 crore. EPS declined from Rs 43.22 to Rs 36.56 on a consolidated basis. Exceptional items totaling Rs 72.98 crore (consolidated) included a Rs 67.89 crore impairment provision for a joint venture investment and a Rs 5.09 crore charge related to new labour codes. The company also completed acquisition of Sunrisers Leeds Limited (GBP 100.5 million) and merged Kai Radio Limited with Udaya FM Private Limited, with prior period figures restated accordingly. The auditor issued an unqualified opinion with no going concern issues.
Revenue growth is modest and profit after tax has declined significantly year-on-year, primarily due to higher operational costs, increased cricket franchise costs, and large impairment charges on joint venture investments, which may weigh on the stock price in the near term.