CHENNAI: Regional language broadcaster, Sun TV Network on Friday said it earned a net profit of Rs 184.78 crore for the quarter ended June 2013, up 11.6%. Net profit margin declined by 1,130 basis points (bps) YoY to 27.3%. The board of directors has declared an interim dividend of Rs 2.25 per share or 45%.
Net sales increased by 10.7% YoY to Rs 602 crore as advertising revenue increased by 15% over Q1FY13 to Rs 279.2 crore. DTH revenue also showed healthy momentum and increased by 20% YoY. The revenues including the Indian Premium League (IPL) revenues of Hyderabad Sun Risers was up by 41% at Rs 601.85 crore. Subscription revenues continued to maintain a significant uptrend with cable TV revenues growing by around 38% .
"The results were in line with our expectations," analysts with KR Choksey Research said.
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