South-based broadcaster Sun TV Network Ltd Thursday reported a decline of 2.30 per cent in its standalone profit after tax to Rs 283.07 crore for the fourth quarter ended March 2019.
The company had posted a net profit of Rs 289.76 crore during January-March 2018, Sun TV said in a regulatory filing.
Its revenue from operations during the quarter under review was up 23.98 per cent at Rs 888.88 crore, as against Rs 716.95 crore in the corresponding period of the previous fiscal.
Total expenses stood at Rs 522.52 crore as against Rs 314.47 crore, up 66.15 per cent.
For the financial year 2018-19, Sun TV profit after tax was up 27.61 per cent to Rs 1,394.86 crore, compared to Rs 1,093.04 crore in the previous year.
Sun TV Network's revenue from operations stood at Rs 3,663.27 crore in 2018-19 as against Rs 2,862.45 crore in 2017-18, up 27.97 per cent.
Shares of Sun TV Network Ltd Thursday settled at Rs 548 on the BSE, down 0.97 per cent from their previous close.
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