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Global Mergers, Local Ripples: Consolidations reshape India's ad land as clients seek 'single-window' partners
Sun TV Network Limited operates Satellite Television Channels across six languages of Tamil, Telugu, Kannada, Malayalam, Bangla and Marathi, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket Franchise of the Indian Premier League, SunRisers Eastern Cape of Cricket South Africa’s T20 League and the Digital OTT Platform Sun NXT.
For the quarter ended 31st December 2023, the total income was up 6.63 percent at Rs.1,014.81 crs for the quarter ended 31st December 2023 as against Rs 951.71 crs for the corresponding quarter ended 31st December2022 and the Revenues were up 3.26 percent at Rs. 885.48 crores as against Rs. 857.51 crores for the quarter ended 31st December’2022.
The Profit Before Tax went up by 6.18 percent at Rs 591.31 crs for the current quarter as against Rs.556.91 crs during the previous quarter ended 31st December 2022 and the Profit after Taxes for the quarter ended 31st December’2023 was up by 5.05 percent to Rs.437.34 crores as against Rs.416.32 crores for the corresponding quarter ended 31st December’2022.
The earnings per share for the current quarter rose by 5.05 % to Rs.11.10 as against Rs.10.56 for the corresponding quarter ended 31st December’2022.
As India eyes global leadership in media, entertainment and gaming, Storyboard18's Digital Entertainment Summit, set to take place on June 27 in the capital, will spotlight the bold strategies, policy pathways and creative innovations shaping the future of the industry.
Read MoreFrom the chiefs of Nestle, Diageo, Colgate, PepsiCo, Zetwerk and CRED to AI visionaries, marketing mavens, top creators, ad legends and leading global agencies' CEOs, the brightest minds converged at the Storyboard18 Global Pioneers Summit for an action-packed day of meaningful dialogues on creativity, commerce and culture.