Sun TV Q3 2025 Results: profits fell 21% to ₹347 crore due to weaker ad revenues and cricket franchise income, but shareholders scored big with a 50% interim dividend (₹2.50/share). Despite standalone revenues dropping to ₹793 crore, the company’s ₹10,156 crore reserves and debt-free balance sheet signal stability.
The OTT platform Sun NXT and radio assets add diversification, but reliance on ads (42% of income) remains a risk. With annualized EPS sliding to ₹32.79, analysts debate if the stock is undervalued. Meanwhile, rivals like Zee and Disney+ Hotstar battle streaming losses, while Sun TV’s ₹12.50/share total FY25 dividends keep income investors hooked. Can cost cuts and cricket revivals turn the tide? Dive into the highs, lows, and hidden strategies of India’s media giant!
Sun TV Q3 2025 Results
Stock Name: Sun TV Network Limited
Stock Symbol: SUNTV (BSE: 532733, NSE: SUNTV)
Result Date: 7th February 2025
Result Type: Quarterly (Q3 FY25) & Nine-Month Unaudited Results
Financial Performance: A Mixed Bag
Sun TV’s Q3 FY25 standalone revenue fell to ₹793.58 crores, down 10% from ₹885.48 crores in Q3 FY24. Profit After Tax (PAT) dropped 21% to ₹347.17 crores. Earnings Per Share (EPS) slid to ₹8.81 from ₹11.10 last year. Consolidated revenue stood at ₹827.56 crores, with PAT at ₹362.83 crores (corrected from document typo).
Why the Drop?
- Advertisement Revenues dipped 7% to ₹332.17 crores (vs. ₹355.43 crores last year).
- Cricket Franchise Income crashed to ₹0.11 crores (vs. ₹8.98 crores last year) due to lower tournament earnings.
- Higher Costs: Operating expenses rose to ₹473.05 crores (standalone), squeezing margins.
Balance Sheet Health: Strong Reserves
- Reserves stood tall at ₹10,156.31 crores (standalone), showing financial stability.
- Debt Levels: Minimal finance costs (₹2.67 crores), indicating low borrowing.
Cash Flow & Dividends: Shareholder Delight
- Interim Dividend: ₹2.50 per share (50% payout), adding to earlier dividends of ₹5.00 each in August and November 2024.
- Total Dividend FY25: ₹12.50 per share so far, signaling strong cash generation.
Valuation Metrics: Cheaper Now?
- EPS Decline: Annualized EPS fell to ₹32.79 (9-month basis) vs. ₹47.58 last year.
- P/E Ratio: Likely lower due to profit drop, making the stock potentially undervalued.
Industry & Peer Comparison
Sun TV dominates regional media but faces competition from Zee, Sony, and Disney+ Hotstar. While peers struggle with streaming losses, Sun TV’s OTT platform Sun NXT and radio assets provide diversification. However, its reliance on ad revenue (42% of total) remains a vulnerability.
Operational Efficiency: Margins Under Pressure
- EBITDA fell 25% to ₹432.13 crores (standalone) due to lower revenue and rising costs.
- Subscription Growth: Inched up 2% to ₹434.51 crores, a silver lining.
Management & Governance: Steady Hand
The board approved results and dividends, showing confidence. Auditors S.R. Batliboi gave a clean review, ensuring compliance. The merger of radio units (South Asia FM) aims to streamline operations.
Risk Factors: Storm Clouds Ahead
- Ad Market Slump: Prolonged slowdown could hit revenues.
- Cricket Risks: Franchise income is volatile, tied to league performances.
- Regulatory Hurdles: Media laws and content rules could impact growth.
Technical & Sentiment Check
While technical data isn’t provided, the stock may face selling pressure post-results due to profit decline. However, high dividends could attract income-focused investors.
Sun TV’s Q3 saw profits shrink but kept shareholders happy with hefty dividends. With strong reserves and a debt-light balance sheet, it remains a resilient player in India’s media landscape. Investors should watch ad trends and cricket income for recovery signs.
| Quarter Ended | 31-Dec-2024 |
| Audited / Un-Audited | Un-Audited |
| Total Income | 1,28,46,739.00 |
| Profit Before Tax | 22,63,975.00 |
| Net Profit/Loss | 16,89,144.00 |
| Earnings Per Share | 18.93 |
| Notes | Download |
| XBRL | Download |
| Broadcast Date/Time | 06-Feb-2025 16:50 |
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