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Sun TV Network Q2 FY27 results: net profit up 2.8% to ₹364.59 crore, revenue down 27.7%
Sun TV Network Limited reported consolidated Q2 FY27 revenue of ₹940.31 crore and a net profit of ₹364.59 crore for the July–September 2026 quarter. Revenue fell 27.7% year on year, while net profit rose 2.8% and basic EPS increased to ₹9.25; against Q1 FY27, revenue fell 35.5% and profit fell 41.1%.
Key points
- Consolidated Q2 FY27 revenue was ₹940.31 crore, down 27.7% from ₹1,300 crore in Q2 FY26.
- EBITDA was ₹449.98 crore, down 42.6% year on year, with margin at 47.9% versus 60.3%.
- Net profit was ₹364.59 crore, up 2.8% year on year, and basic EPS was ₹9.25 versus ₹9.0.
- Against Q1 FY27, revenue fell 35.5% to ₹940.31 crore and net profit fell 41.1% to ₹364.59 crore.
- For H1 FY27, revenue was ₹2,398.19 crore, down 7.4%, while net profit was ₹983.66 crore, up 11.3%.
How did Sun TV Network perform in Q2 FY27?
Sun TV Network reported consolidated revenue of ₹940.31 crore in Q2 FY27, down 27.7% from ₹1,300 crore in Q2 FY26. EBITDA fell 42.6% to ₹449.98 crore, and the margin declined 12.4 percentage points to 47.9%. Net profit was ₹364.59 crore, up 2.8% from ₹354.69 crore, while basic EPS rose from ₹9.0 to ₹9.25.
Compared with Q1 FY27, revenue fell 35.5% from ₹1,458 crore to ₹940.31 crore. EBITDA fell 38.8% to ₹449.98 crore from ₹735.30 crore, while margin declined 2.5 percentage points to 47.9%. Net profit fell 41.1% to ₹364.59 crore from ₹619.07 crore, and basic EPS fell 41.1% to ₹9.25 from ₹15.71.
On the standalone basis, Q2 FY27 revenue was ₹801.76 crore and profit after tax was ₹341.87 crore, while profit before tax was ₹329.79 crore. The company filed unaudited standalone and consolidated results for the quarter and half-year ended 30 September 2026.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 940.31 | 1,458 | 1,300 | −27.7% | −35.5% |
| Other income | 138.27 | 176.52 | 139.95 | −1.2% | −21.7% |
| Total expenses | 609.12 | 819.78 | 923.51 | −34.0% | −25.7% |
| EBITDA | 449.98 | 735.30 | 784.47 | −42.6% | −38.8% |
| EBITDA margin | 47.9% | 50.4% | 60.3% | −12.4 pp | −2.5 pp |
| Profit before tax | 469.46 | 814.62 | 516.31 | −9.1% | −42.4% |
| Tax | 102.28 | 198.49 | 131.41 | −22.2% | −48.5% |
| Net profit | 364.59 | 619.07 | 354.69 | +2.8% | −41.1% |
| EPS (₹) | 9.25 | 15.71 | 9.00 | +2.8% | −41.1% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Sun TV Network's costs and profit?
Total expenses fell 34.0% to ₹609.12 crore from ₹923.51 crore in Q2 FY26. Cost of materials decreased ₹34.23 crore to ₹224.05 crore, finance costs fell ₹1.08 crore to ₹3.10 crore, and depreciation fell ₹288.24 crore to ₹115.69 crore. Employee cost was ₹86.22 crore, up ₹0.01 crore, while other expenses rose ₹9.15 crore to ₹180.06 crore.
Other income declined 1.2% to ₹138.27 crore from ₹139.95 crore. Profit before tax fell 9.1% to ₹469.46 crore from ₹516.31 crore, and tax expense fell 22.2% to ₹102.28 crore from ₹131.41 crore. Net profit consequently rose 2.8% to ₹364.59 crore from ₹354.69 crore. There was no exceptional item in Q2 FY27.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 224.05 | 258.28 | −34.23 | −13.3% |
| Employee cost | 86.22 | 86.21 | +0.01 | +0.0% |
| Finance costs | 3.10 | 4.18 | −1.08 | −25.8% |
| Depreciation | 115.69 | 403.93 | −288.24 | −71.4% |
| Other expenses | 180.06 | 170.91 | +9.15 | +5.4% |
| Total expenses | 609.12 | 923.51 | −314.39 | −34.0% |
| Other income | 138.27 | 139.95 | −1.68 | −1.2% |
| Tax | 102.28 | 131.41 | −29.13 | −22.2% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹2,398.19 crore, down 7.4% from ₹2,590.15 crore in H1 FY26. Total income fell 7.1% to ₹2,712.98 crore from ₹2,919.01 crore. Profit before tax rose 5.8% to ₹1,284.08 crore from ₹1,213.49 crore.
Net profit for H1 FY27 was ₹983.66 crore, up 11.3% from ₹883.9 crore in H1 FY26. Basic EPS increased to ₹24.96 from ₹22.43. The filing provides these figures for the half-year ended 30 September 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 2,398 | 2,590 | −7.4% |
| Profit before tax | 1,284 | 1,213 | +5.8% |
| Net profit | 983.66 | 883.90 | +11.3% |
| EPS (₹) | 24.96 | 22.43 | +11.3% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹14,636.57 crore, compared with ₹13,841.11 crore at 31 March 2026. Total equity rose to ₹13,473.77 crore from ₹12,659.86 crore, while the company reported no borrowings at either date. Cash was ₹191.67 crore, lower than ₹243.04 crore at 31 March 2026.
Trade receivables declined to ₹1,300.68 crore from ₹1,433.46 crore, while trade payables fell to ₹380.64 crore from ₹405.62 crore. For H1 FY27, operating cash flow was ₹914.21 crore, compared with ₹939.11 crore in H1 FY26; investing cash flow was ₹752.26 crore against ₹943.63 crore, and financing cash flow was ₹214.47 crore against ₹183.03 crore. Capital expenditure was ₹628.81 crore, compared with ₹61.43 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 14,637 | 13,841 |
| Total equity | 13,474 | 12,660 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 191.67 | 243.04 |
| Inventories | 0 | 0 |
| Trade receivables | 1,301 | 1,433 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 914.21 | 939.11 |
| Cash from investing | −752.26 | −943.63 |
| Cash from financing | −214.47 | −183.03 |
| Capital expenditure | 628.81 | 61.43 |
Source: Company's results filing (XBRL).
How has Sun TV Network done over the last 8 quarters?
Revenue and profit moved unevenly over the reported quarters. Q1 FY27 marked the highest revenue at ₹1,457.88 crore and the highest profit at ₹619.07 crore, while Q4 FY26 recorded the lowest profit at ₹232.34 crore and the lowest EBITDA margin at 44.3%. In Q2 FY27, revenue was ₹940.31 crore and profit was ₹364.59 crore.
The EBITDA margin peaked at 60.3% in Q2 FY26 and was 47.9% in Q2 FY27. Profit rose year on year in each of the last two quarters. After the Q1 FY27 rise in revenue and profit, both moved lower in Q2 FY27, with revenue down 35.5% and profit down 41.1% from the previous quarter.
What else did the company announce?
The board approved an interim dividend of ₹3.75 per equity share of ₹5 each, or 75%, for FY2026-27. It also approved the unaudited standalone and consolidated financial results for the quarter and half-year ended 30 September 2026, along with the earnings release.
The board approved the reappointment of Kalanithi Maran as Whole Time Director designated as Executive Chairman for five years from 20 April 2027 to 19 April 2032. Kavery Kalanithi was also approved for reappointment as Whole Time Director designated as Executive Director for five years from 20 April 2027 to 19 April 2032. Both appointments are subject to shareholder approval by postal ballot.
How did Sun TV Network shares react?
After the filing, SUNTV was down 0.2% after five minutes, 0.6% after 15 minutes and 0.1% after 30 minutes. The reaction-day close was down 2.6% from the pre-results close, and by the next day's close the stock was down 3.2% from that pre-results close. The industry median rose 0.1% on the reaction day and 0.4% by the next day's close, leaving SUNTV behind by 2.7 percentage points and 3.6 percentage points, respectively.
Earlier reaction-day moves were mixed: SUNTV rose 2.7% on 12 August 2026 and 5.5% on 6 February 2026, while it fell 6.2% on 21 May 2026 and 3.6% on 7 February 2025. The recorded reaction-day move was 1.8% on 14 November 2025 and −1.7% on 7 August 2025. No five-session move was available for this result.
| After the filing | Stock | TV Broadcasting & Software Production median |
|---|---|---|
| 5 minutes | −0.2% | |
| 15 minutes | −0.6% | |
| 30 minutes | −0.1% | |
| Reaction day | −2.6% | +0.1% |
| Next day | −3.2% | +0.4% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 12 August 2026 | +2.7% |
| 21 May 2026 | −6.2% |
| 6 February 2026 | +5.5% |
| 14 November 2025 | +1.8% |
| 7 August 2025 | −1.7% |
| 30 May 2025 | +1.3% |
| 7 February 2025 | −3.6% |
| 13 November 2024 | +0.1% |
Source: MarketPing price-reaction measurement.
How did other TV Broadcasting & Software Production companies do?
Seven other TV Broadcasting & Software Production companies were compared. Their median revenue growth was 3.6%, and Sun TV Network’s revenue growth was lower than six of them and higher than one, based on the companies’ filed quarterly results. Of the seven peers for which profit was compared, three reported higher profit.
| Sun TV Network revenue growth (YoY) | −27.7% |
|---|---|
| Median of 7 other TV Broadcasting & Software Production companies | +3.6% |
| Companies with slower revenue growth than Sun TV Network | 1 of 7 |
| Companies with faster revenue growth than Sun TV Network | 6 of 7 |
| Companies whose net profit rose | 3 of 7 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Sun TV Network's revenue in Q2 FY27?
Revenue from operations was ₹940.31 crore, down 27.7% from ₹1,300 crore in Q2 FY26 (consolidated).
Did Sun TV Network make a profit in Q2 FY27?
Yes. Net profit was ₹364.59 crore, against a net profit of ₹354.69 crore in Q2 FY26.
What was Sun TV Network's EPS in Q2 FY27?
Basic earnings per share were ₹9.25, against ₹9.00 in Q2 FY26.
How did Sun TV Network shares react to the Q2 FY27 results?
On the reaction day the stock moved −2.6% from the previous close; the median TV Broadcasting & Software Production stock moved +0.1%.
When did Sun TV Network announce its Q2 FY27 results?
On 30 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results Of The Company, For The Quarter And Half-Year Ended 30Th September 2026 And Declaration Of Interim Dividend, If Any. (BSE, 22 October 2026) · PDF
- Unaudited Financial Results For The Quarter And Half Year Ended 30Th September 2026 (BSE, 30 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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