Sun TV Network Ltd.

Q3 Financial Performance Highlights The company reported a mixed quarter for the period ending December 31, 2025, marked by modest top-line growth but noticeable margin compression and a drop in overall profitability. Revenue & Income: Operating revenue grew by 4% year-over-year (YoY) to ₹862 crore. Total income rose 3.31% YoY to ₹958.39 crore. Profitability: Net profit declined by 10.7% YoY to ₹324 crore (down from ₹363 crore in Q3FY25). Profit Before Tax (PBT) stood at ₹425.43 crore, compared to ₹454.61 crore in the year-ago period. Operating Metrics: EBITDA contracted 5.6% YoY to ₹419.6 crore. Consequently, the EBITDA margin moderated to 48.7%, down 500 basis points from 53.7% in the previous year. Ad Revenues: Advertising revenue emerged as a primary headwind for the quarter, declining 12.1% YoY to ₹291.94 crore. Market Reaction & Valuation Indicators Shares of Sun TV Network closed slightly higher on the BSE at ₹597.65 (+0.41%). Current market sentiment appears to be balancing the softer core broadcasting metrics against the dividend announcement and the underlying value present in the company's sports assets. Strategic Asset Portfolio Beyond its core financials, Sun TV continues to manage a highly diversified media and entertainment ecosystem: Television: Dominant satellite TV presence spanning four southern Indian languages and three northern Indian languages. Sports Franchises: Strategic ownership of three major cricket teams: SunRisers Hyderabad (IPL), SunRisers Eastern Cape (SA20), and SunRisers Leeds Limited (The Hundred, UK). Digital & Cinema: Ongoing operations of the Sun NXT digital OTT platform, pan-India FM radio stations, and an active movie production arm.