Sun TV Network rose 2.12% to Rs 416.55 at 14:41 IST on BSE as the TV broadcaster's net profit, excluding IPL revenue and expenses, rose 12% to Rs 184.78 crore on 18% growth in revenue to Rs 503.31 crore in Q1 June 2013 over Q1 June 2012.
The Q1 result was announced during trading hours today, 2 August 2013.
Meanwhile, the S&P BSE Sensex was down 210.41 points or 1.09% at 19,106.78.
On BSE, 2.92 lakh shares were traded in the counter as against average daily volume of 1.21 lakh shares in the past one quarter.
The stock hit a high of Rs 423.95 and a low of Rs 395.15 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 265.10 on 3 August 2012.
The stock had outperformed the market over the past one month till 1 August 2013, rising 4.19% compared with the Sensex's 1.33% fall. The scrip had, however, underperformed the market in past one quarter, falling 2.04% as against Sensex's 0.96% slide.
The large-cap company has equity capital of Rs 197.04 crore. Face value per share is Rs 5.
Earnings before interest, taxation, depreciation and amortization (EBITDA) excluding IPL revenue and expenses, rose 19% to Rs 384.44 crore.
Advertising revenue for the quarter grew 15% year on year (YoY) to Rs 279.22 crore. Subscription revenues continue to maintain a significant uptrend with cable TV revenues growing by 38% and DTH subscription revenue up by 20% over corresponding previous quarter.
Sun TV Networks' revenue including the IPL revenue rose 41% to Rs 601.85 crore in Q1 June 2013 over Q1 June 2012.
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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