Sun TV Network LimitedQ2 FY27 Results & Financial Update
Sun TV Network Limited: Q2 FY27 consolidated results and company financials – revenue ₹940.31 Cr, PAT ₹364.59 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Sun TV Network Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Sun TV Network reported consolidated revenue from operations of INR 940.31 crore for the quarter ended September 30, 2026, alongside total income of INR 1,078.58 crore.
Profit before tax (PBT) for Q2 FY27 stood at INR 469.46 crore, while consolidated profit after tax (PAT) reached INR 364.59 crore, resulting in basic and diluted earnings per share of INR 9.25.
Sequentially, consolidated revenue from operations moderated from INR 1,457.88 crore in Q1 FY27, while total income shifted from INR 1,634.40 crore, reflecting seasonal variations and cricket league calendar shifts between quarters.
Profit after tax also adjusted sequentially from INR 619.07 crore reported in the preceding quarter ended June 30, 2026.
Total expenses for the quarter were contained at INR 609.12 crore, supported by operational cost controls and depreciation and amortisation expenses of INR 115.69 crore.
The Board of Directors declared an interim dividend of INR 3.75 per equity share of face value INR 5.00 each, representing 75% for the financial year 2026-27.
Subsidiary and franchise operations contributed to the consolidated pool, notably with SunRisers Leeds recording revenues of INR 98.61 crore and a profit before tax of INR 18.50 crore for the quarter.
01 · Business model
What does Sun TV Network do?
Sun TV Network Limited operates as one of India's largest television broadcasters, running satellite television channels across four southern languages (Tamil, Telugu, Kannada, and Malayalam) and three northern languages (Bangla, Marathi, and Hindi).
Beyond traditional broadcasting, the company operates FM radio stations across India, engages in film production, owns the digital OTT platform Sun NXT, and holds interests in multiple sporting franchises.
Its cricket portfolio features the SunRisers Hyderabad franchise in the Indian Premier League, the SunRisers Eastern Cape in Cricket South Africa's T20 League, and SunRisers Leeds Limited in The Hundred in the United Kingdom.
02 · Historical context
What shaped the business before this quarter
The network traces its origins to April 14, 1993, with the launch of its flagship channel Sun TV in Tamil by founder Kalanithi Maran.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹940.31 Cr | ₹1,457.88 Cr |
| Total income | ₹1,078.58 Cr | ₹1,634.40 Cr |
| Profit before tax | ₹469.46 Cr | ₹814.62 Cr |
| Profit after tax | ₹364.59 Cr | ₹619.07 Cr |
| EPS | ₹9.25 | ₹15.71 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 38.8% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 49.9% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹138.27 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated revenue from operations stood at INR 940.31 crore for Q2 FY27, backed by total income of INR 1,078.58 crore including other income of INR 138.27 crore.
Cricket franchise operations under the consolidated scope, including SunRisers Hyderabad, SunRisers Eastern Cape, and SunRisers Leeds Limited, contributed revenues of INR 100.39 crore for the quarter.
What drove margins
Operational costs for the quarter were reported at INR 224.05 crore, while employee benefits expense stood at INR 86.22 crore.
Other expenses accounted for INR 180.06 crore, with finance costs remaining modest at INR 3.10 crore and depreciation and amortisation at INR 115.69 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Based on internal reporting provided to the Chief Operating Decision Maker, 'Media and Entertainment' remains the sole reportable segment for the Group under Ind AS 108.
Geography and market mix
Broadcasting operations cover four southern and three northern Indian languages, complemented by international sports investments spanning South Africa and the United Kingdom.
06 · Strategy & new businesses
How the company is trying to change its growth mix
The Board approved the re-appointment of Mr. Kalanithi Maran as Executive Chairman and Mrs. Kavery Kalanithi as Executive Director, each for a five-year term effective April 20, 2027, subject to shareholder approval.
07 · Reported developments
What changed operationally
The Board of Directors declared an interim dividend of INR 3.75 per equity share (75%) for financial year 2026-27 at the meeting held on October 30, 2026.
08 · Beyond the numbers
What changed beyond the numbers
Reported update
Subsidiary and Joint Venture Review
The consolidated financial results incorporate reviews of subsidiary entities including Kal Radio Limited and SunRisers Leeds Limited, alongside joint venture South Asia FM Limited.
09 · Previous-quarter changes
What changed since the previous quarter
Consolidated revenue from operations moved from INR 1,457.88 crore in Q1 FY27 to INR 940.31 crore in Q2 FY27, while PAT adjusted from INR 619.07 crore to INR 364.59 crore.
10 · Key Q&A
The quarter, answered directly
What does Sun TV Network do?
Sun TV Network Limited operates as one of India's largest television broadcasters, running satellite television channels across four southern languages (Tamil, Telugu, Kannada, and Malayalam) and three northern languages (Bangla, Marathi, and Hindi).
What is the clearest takeaway from Q2 FY27?
Sun TV Network reported consolidated revenue from operations of INR 940.31 crore for the quarter ended September 30, 2026, alongside total income of INR 1,078.58 crore.
What drove revenue or demand?
Consolidated revenue from operations stood at INR 940.31 crore for Q2 FY27, backed by total income of INR 1,078.58 crore including other income of INR 138.27 crore.
What mattered most for margins or profitability?
Operational costs for the quarter were reported at INR 224.05 crore, while employee benefits expense stood at INR 86.22 crore.
What changed operationally beyond the headline numbers?
The Board approved the re-appointment of Mr. Kalanithi Maran as Executive Chairman and Mrs. Kavery Kalanithi as Executive Director, each for a five-year term effective April 20, 2027, subject to shareholder approval.
What should the next disclosure help confirm?
Monitor the outcome of the postal ballot regarding the re-appointment of executive directors scheduled for effective dates in April 2027.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Shareholder Approval for Leadership Re-appointment: Monitor the outcome of the postal ballot regarding the re-appointment of executive directors scheduled for effective dates in April 2027.
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