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Sun TV Network drops on profit booking after Q4 earnings

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Capital Market
Last Updated : May 17 2013 | 12:30 PM IST

The company announced Q4 results during trading hours today, 17 May 2013.

Meanwhile, the S&P BSE Sensex was down 15.16 points or 0.07% at 20,232.17.

On BSE, 1.23 lakh shares were traded in the counter as against average daily volume of 1.41 lakh shares in the past one quarter.

The stock hit a high of Rs 449.95 and a low of Rs 437 so far during the day. The stock had hit a 52-week high of Rs 493.90 on 4 February 2013. The stock had hit a 52-week low of Rs 176.75 on 27 July 2012.

The stock had outperformed the market over the past one month till 16 May 2013, surging 20.17% compared with the Sensex's 8.01% rally. The scrip had, however, underperformed the market in past one quarter, gaining 0.16% as against Sensex's 4% rise.

The large-cap company has equity capital of Rs 197.04 crore. Face value per share is Rs 5.

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Shares of Sun TV Network had witnessed a pre-result rally. The stock had surged 6.59% in three trading sessions to settle at Rs 443.05 on Thursday, 16 May 2013, from a recent low of Rs 415.65 on 13 May 2013.

Sun TV Network's advertisement revenue rose 15% to Rs 269.40 crore in Q4 March 2013 over Q4 March 2012. Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 6% to Rs 348.57 crore in Q4 March 2013 over Q4 March 2012.

Sun TV Network's net profit declined 1.62% to Rs 683.34 crore on 3% growth in revenue to Rs 1817.62 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

On consolidated basis, Sun TV Network's net profit rose 2% to Rs 709.56 crore on 4% growth in revenue to Rs 1923 crore in FY 2013 over FY 2012.

Sun TV Network's board of directors at a meeting held today, 17 May 2013, recommended final dividend of Rs 2 per share for FY 2013.

Sun TV Network offers satellite television channels across four languages of Tamil, Telugu, Kannada, Malayalam. It also airs FM radio stations across India.

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First Published: May 17 2013 | 11:23 AM IST

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