Sun TV Network Limited (SUNTV)
₹638.00 +1.41% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Sun TV's revenue was ₹1,458 Cr (+13.0% year on year, +65.1% on the previous quarter), and net profit ₹619 Cr (+17.0% year on year); the operating margin was 50.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,458 | +13.0% | +65.1% |
| Operating profit | ₹735 | +19.2% | +88.1% |
| Net profit | ₹619 | +17.0% | +166.8% |
| EPS (₹) | 15.71 | +17.0% | +166.7% |
| Operating margin | 50.4% | — | — |
SUNTV delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 33.14% of the SUNTV shares traded on NSE were taken to delivery, against the stock's own 20-session average of 34.0%. That is close to its usual level. Volume was 0.2 times its average, well below normal. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 33.6% · 28.4% · 29.3% · 23.8% · 33.1%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Sun TV Network Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter and half-year ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent KFin Technologies Limited on October 8, 2026, confirms that details of dematerialized and rematerialized securities were furnished to the relevant stock exchanges. This is a standard quarterly administrative filing with no impact on the company's financials or operations.
- Compliance certificate filed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Pertains to the quarter and half year ended September 30, 2026
- Certificate issued by Registrar and Share Transfer Agent KFin Technologies Limited on October 8, 2026
- Filing made with BSE and NSE on October 9, 2026
Sun TV Network has responded to an exchange clarification regarding media reports from CNBC-TV18 on September 30, 2026, which claimed a possible demerger of its sports division. The company classified the report as a market rumour and stated it cannot comment on such speculation. Furthermore, Sun TV confirmed that all required disclosures under Regulation 30 have been made and there is no impending material price-sensitive information.
- Clarification issued on September 30, 2026, regarding media reports on CNBC-TV18 and cnbcawaz.com
- Company labelled the news captioned 'Possible Demerger of SUN TVs sports division' as a market rumour
- Confirmed no impending material price-sensitive information under Regulation 30
- Sports business, including IPL media rights contributing 16% of revenues, remains integrated
Sun TV Network Limited has announced the closure of its trading window effective October 1, 2026, in compliance with SEBI insider trading regulations. The closure applies to all designated persons and their immediate relatives. The window will remain closed until 48 hours after the declaration of the unaudited financial results for the quarter and half-year ended September 30, 2026.
- Trading window closes effective October 1, 2026
- Applies to designated persons and their immediate relatives
- Window to reopen 48 hours after declaration of financial results for period ending September 30, 2026
Sun TV Network Limited released the voting results and scrutinizer's report for its 41st Annual General Meeting held on September 18, 2026. All four ordinary resolutions were passed with over 99.9% majority votes in favor. Key resolutions included adoption of FY26 financial statements, confirmation of interim dividend as final dividend, re-appointment of Ms. Kaviya Kalanithi Maran as Director retiring by rotation, and ratification of cost auditor remuneration.
- All 4 ordinary resolutions approved with >99.9% votes in favor
- Resolution 1 (FY26 Financial Statements) approved with 99.999% favor (37,13,61,325 votes)
- Resolution 2 (Interim Dividend confirmation as final) passed with 99.994% favor (37,14,03,395 votes)
- Resolution 3 (Re-appointment of Ms. Kaviya Kalanithi Maran) passed with 99.903% favor
- AGM held on September 18, 2026, with 47 total shareholders attending via Video Conferencing
Sun TV Network Limited successfully concluded its 41st Annual General Meeting on September 18, 2026. Shareholders approved ordinary business, including the adoption of standalone and consolidated financial statements for FY26 (FY26 revenue was Rs 4,335.03 Cr with net profit of Rs 1,440.02 Cr). Members also ratified interim dividends already paid for FY26 and approved the re-appointment of Director Ms. Kaviya Kalanithi Maran upon retirement by rotation. Additionally, remuneration for the Cost Auditor for FY27 was ratified.
- 41st Annual General Meeting conducted virtually on September 18, 2026, from 10:00 A.M. to 10:22 A.M.
- Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026
- Confirmation of interim dividends already paid as the final dividend for FY26
- Re-appointment of Director Ms. Kaviya Kalanithi Maran (DIN: 07883203), retiring by rotation
- Ratification of remuneration for Cost Auditor M/s. S. Sundar & Associates for FY27
Sun TV Network Limited has announced the retirement of its Chief Operating Officer (COO), Mr. C Praveen, effective from the close of business hours on August 31, 2026. Mr. Praveen was associated with the company since 1998, playing a key role in operational execution across its broadcasting assets. The filing does not name an immediate replacement for the COO position. Sun TV operates 35 television channels and generated TTM revenue of ₹4,503 Cr.
- Chief Operating Officer Mr. C Praveen retired effective close of business August 31, 2026
- Executive had been associated with Sun TV Network since 1998 (~28-year tenure)
- Disclosure submitted pursuant to Regulation 30 of SEBI LODR on September 1, 2026
Sun TV Network Limited has scheduled its 41st Annual General Meeting (AGM) for Friday, September 18, 2026, via video conferencing. The company has submitted its Annual Report for FY 2025-26 under SEBI LODR regulations. Key ordinary agenda items include the adoption of FY26 financial statements, confirmation of interim dividends totaling Rs 12.50 per share (250% of face value), and the re-appointment of Ms. Kaviya Kalanithi Maran as Director retiring by rotation. The standalone 10-year financials highlight FY26 revenue of Rs 4,102.13 crore and PAT of Rs 1,393.52 crore.
- 41st Annual General Meeting scheduled for Friday, September 18, 2026, at 10:00 AM IST via VC/OAVM
- Notice seeks confirmation of 4 interim dividends paid in FY26 totaling Rs 12.50 per share (250%)
- Re-appointment of Ms. Kaviya Kalanithi Maran as Director retiring by rotation
- Ratification of Rs 3,50,000 remuneration for Cost Auditor M/s. S. Sundar & Associates for FY27
- Standalone FY26 revenue reported at Rs 4,102.13 crore vs Rs 3,878.86 crore in FY25, with PAT of Rs 1,393.52 crore
Sun TV Network reported a 16% YoY increase in net profit to Rs 611.97 crore for Q1 FY27, supported by a 13% rise in total revenue to Rs 1,423.39 crore. The performance was significantly bolstered by cricket franchise income (IPL/SA20), which rose to Rs 629.83 crore from Rs 473.03 crore YoY. The board declared an interim dividend of Rs 5 per share (100% of face value). However, core advertisement revenue saw a marginal decline of 2.6% YoY to Rs 282.51 crore, indicating continued pressure on traditional media spends.
- Declared an interim dividend of Rs 5.00 per equity share (100% of face value) for FY 2026-27
- Net Profit for Q1 FY27 increased 16% YoY to Rs 611.97 crore from Rs 528.66 crore
- Cricket franchise income contributed Rs 629.83 crore, representing 44% of total quarterly revenue
- Domestic subscription revenue grew by 3% YoY to Rs 485.46 crore
- EBITDA for the quarter rose 19% YoY to Rs 732.99 crore with margins remaining robust
Sun TV Network reported a 13.2% YoY increase in revenue to ₹1,423.39 Cr for the quarter ended June 30, 2026. Growth was primarily driven by Cricket Franchise income (IPL/SA20), which surged 33% to ₹629.83 Cr, offsetting a marginal 2.5% decline in advertisement revenues. Profit After Tax (PAT) rose 15.8% YoY to ₹611.97 Cr, and the board declared a 100% interim dividend of ₹5 per share.
- Revenue from operations increased 13.2% YoY to ₹1,423.39 Cr from ₹1,256.79 Cr.
- Cricket franchise income contributed ₹629.83 Cr, representing 44.2% of total quarterly revenue.
- EBITDA grew by 18.7% YoY to ₹732.99 Cr, reflecting strong operational efficiency.
- Domestic subscription revenue saw a steady growth of 3.3% YoY, reaching ₹485.46 Cr.
- Interim dividend of ₹5.00 per share declared, maintaining the company's high payout profile.
Sun TV Network has announced that its Board of Directors will meet on August 12, 2026, to consider and declare the first interim dividend for the financial year 2026-27. The company has pre-emptively fixed August 18, 2026, as the record date for determining shareholder eligibility. This announcement comes as the company maintains a strong financial position with a net worth of ₹12,319 crore and a TTM PAT of ₹1,440 crore. The dividend, if declared, will be paid within 30 days of the board meeting.
- Board meeting to consider 1st interim dividend scheduled for August 12, 2026
- Record date for dividend eligibility fixed as August 18, 2026
- Dividend payment to be processed within 30 days of declaration
- Company reported TTM PAT of ₹1,440 crore and OPM of 51.0%
- Net worth stands at ₹12,319 crore with a negligible debt of ₹81 crore
Sun TV Network's wholly-owned subsidiary, SunRisers Leeds Limited (formerly Northern Superchargers Limited), has approved a bonus issue of 99,999 equity shares. These shares, with a face value of £1 each, will be issued to the parent company, Sun TV. Post-issue, Sun TV's holding in the subsidiary will increase from 1 share to 100,000 shares. This is a procedural capital restructuring within the group and does not change the 100% ownership status or involve any cash outflow.
- Bonus issue of 99,999 equity shares approved by the Board of SunRisers Leeds Limited on July 21, 2026
- Face value of the bonus shares is £1 per share
- Total shareholding of Sun TV in the subsidiary will reach 100,000 shares post-allotment
- SunRisers Leeds (Northern Superchargers) contributed ₹94.52 Cr in revenue during Q2 FY26
- Percentage shareholding remains unchanged at 100% for Sun TV Network Limited
Sun TV Network Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by its Registrar and Share Transfer Agent (RTA), KFin Technologies Limited, confirms that share dematerialization and rematerialization requests for the quarter ended June 30, 2026, have been processed. This is a standard administrative filing required for all listed companies to ensure the accuracy of electronic shareholding records. There is no impact on the company's financial performance or business operations.
- Compliance certificate issued for the quarter ended June 30, 2026
- Certificate provided by Registrar and Share Transfer Agent, KFin Technologies Limited
- Confirmation that securities dematerialized/rematerialized were reported to all relevant Stock Exchanges
- Filing submitted to exchanges on July 10, 2026
Sun TV Network Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting July 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are officially declared to the exchanges. This is a procedural filing and does not reflect any change in the company's business operations or financial health.
- Trading window closure effective from July 1, 2026.
- Closure pertains to the Unaudited Financial results for the quarter ended June 30, 2026.
- Window to remain closed until 48 hours after the result declaration.
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Sun TV Network reported a standalone revenue of ₹4,102.13 crore for FY26, a 5.7% increase over FY25, though Q4 revenue declined 6.6% YoY to ₹848.48 crore. Profit After Tax (PAT) for the full year fell 15.8% to ₹1,393.52 crore, significantly impacted by higher depreciation and exceptional items. The company recognized an impairment of ₹98.43 crore in its Joint Venture during the year. Despite the profit dip, the company maintained its dividend streak with total interim dividends of ₹12.50 per share for the fiscal year.
- FY26 Standalone Revenue increased to ₹4,102.13 crore from ₹3,878.86 crore in FY25.
- Q4 FY26 Net Profit slumped 39.6% YoY to ₹218.64 crore compared to ₹362.18 crore in Q4 FY25.
- Exceptional items for FY26 totaled ₹102.66 crore, primarily due to a ₹98.43 crore impairment in a Joint Venture.
- Cricket franchise revenue (SunRisers) contributed ₹567.73 crore in FY26, down from ₹641.96 crore in the previous year.
- Acquired 100% stake in Sunrisers Leeds Limited (UK) for GBP 100.5 million during the fiscal year.
Sun TV Network reported a decline in standalone profitability for the fiscal year ended March 31, 2026, with Profit After Tax (PAT) falling to ₹1,393.52 crore from ₹1,654.46 crore in FY25. The fourth quarter was particularly weak, with revenue dropping 6.6% YoY to ₹848.48 crore and PAT sliding nearly 40% YoY. Earnings were weighed down by a ₹98.43 crore impairment in a joint venture and lower contributions from cricket franchises. Despite the profit dip, the company maintained a healthy dividend payout, totaling ₹12.50 per share for the year.
- Full-year FY26 standalone revenue grew 5.7% to ₹4,102.13 crore, but Q4 revenue fell to ₹848.48 crore.
- Standalone PAT for FY26 decreased by 15.7% YoY to ₹1,393.52 crore, with EPS dropping to ₹35.36 from ₹41.98.
- Exceptional items included a ₹98.43 crore impairment on joint venture investments and a ₹4.23 crore charge for new labor codes.
- Cricket franchise revenue (SRH and SREC) declined to ₹567.73 crore in FY26 compared to ₹641.96 crore in FY25.
- The company completed the acquisition of Sunrisers Leeds Limited in the UK for GBP 100.5 million during the year.
Financial Performance
Revenue Growth by Segment
Total consolidated revenue grew 29.86% YoY to INR 1,168.99 Cr in Q2 FY26. Domestic subscription revenue increased 9.01% YoY to INR 476.09 Cr. Sports/IPL revenue share increased from 8% in FY23 to 16% in 9M FY24. Advertisement revenue declined 4% YoY in 9M FY24 and 8.3% in FY20.
Geographic Revenue Split
South India (Tamil, Telugu, Kannada, Malayalam) remains the core market. The company is expanding into West Bengal and Maharashtra, with Sun Bangla and Sun Marathi channels established to explore newer horizons.
Profitability Margins
Operating Profit Margin (OPM) was 63.7% and Net Profit Margin (NPM) was 45.3% in 9M FY24. FY20 reported OPM of 66.2% and NPM of 39.5%. Q1 FY21 OPM was 66.9% and NPM was 42.1%.
EBITDA Margin
EBITDA margin for Q2 FY26 was 64.15% (INR 749.94 Cr), representing a 41.77% YoY increase in EBITDA value.
Capital Expenditure
Capex has been moderate relative to accruals in recent years, contributing to a superior liquidity position and healthy cash flows. Specific INR Cr values for planned capex are not disclosed.
Credit Rating & Borrowing
Short-term rating of [ICRA]A1+ reaffirmed and withdrawn in April 2024. The company maintains a zero-debt position with negligible finance costs and a net debt negative status.
Operational Drivers
Raw Materials
Fiction programming content (60% of total content cost), Non-fiction show formats, Movie broadcasting rights, and Artistic talent.
Import Sources
Domestic (India) for primary content production and regional film rights.
Key Suppliers
Independent content producers, film production houses, and sports media rights holders.
Capacity Expansion
Current capacity includes 35 television channels and 59 FM radio stations. Expansion includes the launch of Sun Bangla, Sun Marathi, and SunRisers Leeds (Northern Superchargers).
Raw Material Costs
Operating costs, including content production and rights acquisition, represent approximately 36% of revenue based on a 64% OPM. Advertisement revenue declined 27% in FY21 due to pandemic-related spend cuts.
Manufacturing Efficiency
High viewership efficiency with Sun TV being the #1 channel in Tamil Nadu/Pondicherry and 5th in India as per BARC data.
Logistics & Distribution
Distribution is managed through DTH (Sun Direct) and cable operators (Kal Media Services), ensuring vertical integration across the value chain.
Strategic Growth
Expected Growth Rate
29.86%
Growth Strategy
Growth is driven by expansion into non-South markets (Bangla, Marathi, Hindi), monetizing a massive fiction content library across linear and OTT platforms, and leveraging increased IPL media rights revenue which now contributes 16% of revenue.
Products & Services
Television channel subscriptions, Advertisement slots, IPL media rights, Radio ad spots, and Movie distribution rights.
Brand Portfolio
Sun TV, Sun Pictures, SunRisers Hyderabad, Red FM, Suryan FM, Sun NXT, Sun Bangla, Sun Marathi.
New Products/Services
SunRisers Leeds (Northern Superchargers) recorded revenues of INR 94.52 Cr in Q2 FY26. Expansion into Hindi language programming is underway.
Market Expansion
Targeting North and East India through regional language channels (Bangla, Marathi) and Hindi content to diversify beyond the Southern states.
Market Share & Ranking
Sun TV is the #1 channel in Tamil Nadu and Pondicherry and consistently ranks among the top 5 viewed channels in India.
Strategic Alliances
Joint Venture with South Asia FM Limited for radio operations.
External Factors
Industry Trends
The industry is shifting from slot-selling to content ownership and commissioning. Sun TV is positioned for this by retaining content ownership for multi-platform monetization (Linear + OTT).
Competitive Landscape
Intense competition from national broadcasters and niche digital content providers in the regional entertainment space.
Competitive Moat
Durable moat through vertical integration (content creation to distribution), a massive movie library across four languages, and dominant regional brand equity.
Macro Economic Sensitivity
High sensitivity to GDP growth; advertisement revenue (37-42% of total) is vulnerable to economic cycles and corporate marketing spend.
Consumer Behavior
Shift toward digital consumption and OTT platforms, which the company is addressing through its Sun NXT platform.
Geopolitical Risks
Regulatory challenges including licensing, investment limits, and channel distribution ownership restrictions pose ongoing risks.
Regulatory & Governance
Industry Regulations
Subject to TRAI distribution orders, FM radio licensing norms, and SEBI Listing Regulations (Regulation 33).
Taxation Policy Impact
Effective tax rate is consistent with Indian corporate standards; NPM of 45.3% vs OPM of 63.7% in 9M FY24.
Legal Contingencies
Pending matters are monitored by the legal team; specific case values in INR Cr are not disclosed in available documents.
Risk Analysis
Key Uncertainties
Fluctuations in channel popularity (Operational risk), Piracy of original content (Value erosion), and Treasury investment risk (Financial risk).
Geographic Concentration Risk
High revenue concentration in South India, specifically Tamil Nadu, though diversifying into Bangla and Marathi markets.
Third Party Dependencies
Dependent on independent content providers and artistic talent for programming variety.
Technology Obsolescence Risk
Risk of technological failures in broadcasting and the need to adapt to rapid digital transformation in media consumption.
Credit & Counterparty Risk
High receivables from ad agencies and DTH/cable operators stretch working capital to 33.1% of revenue.
