Sun TV shares fall nearly 3% post Q1 numbers

NEW DELHI: Shares of Sun TV Network fell nearly 3 per cent in morning trade on Monday despite reporting a 19 per cent jump in net profit at Rs 233.1 crore for the first quarter ended June 30.

The Kalanidhi Maran-owned company had posted a net profit of Rs 195.8 crore for the same period last year. Sun TV's income from operations stood at Rs 760.8 crore in the reported quarter, up 10.4 per cent from Rs 689.50 crore reported for the year-ago period, the company said in a filing to the Bombay Stock Exchange ( BSE).

During the quarter, subscription revenue grew 22 per cent to Rs 232.1 crore, PTI reported. At 09:40 am, shares of the company were trading at Rs 468 apiece, down 2.85 per cent from its previous close on BSE.