Sun TV Network Limited Earnings Summary — Q1 FY2027
Sun TV Reports Sharp Recovery in Q1 Profitability Driven by IPL Seasonality
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 3 consecutive quarters.
- Revenue of ₹1,458 Cr is 13.0% higher year-on-year.
- Revenue has compounded at 20.3% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹619 Cr is 17.0% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 19.5% annualised across the period.
- Operating margin stands at 50.4% in Q1 FY2027.
- Operating margin expanded by 265 bps year-on-year.
- Over the last two years operating margin has contracted by 428 bps.
- PBT margin is 56.1%.
- Expense growth of 7.3% remained below revenue growth of 13.0%.
- Operating profit of ₹735 Cr is 19.2% higher year-on-year.
- Operating leverage continues to improve.
- 3 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 74/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 1,458 | 883 | 862 | 1,300 | 1,290 | 942 | 829 | 936 | 1,314 | 961 |
| Expenses | Improving | 723 | 492 | 443 | 546 | 674 | 527 | 384 | 395 | 595 | 438 |
| Operating Profit | Improving | 735 | 391 | 420 | 754 | 617 | 414 | 445 | 541 | 719 | 523 |
| Operating Margin | Stable | 50.4% | 44.3% | 48.7% | 58.0% | 47.8% | 44.0% | 53.7% | 57.8% | 54.7% | 54.4% |
| Other Income | Volatile | 179 | 33 | 133 | 140 | 189 | 184 | 146 | 172 | 149 | 142 |
| Interest | Improving | 1 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 2 | 2 |
| Depreciation | Volatile | 96 | 98 | 113 | 404 | 108 | 118 | 113 | 196 | 113 | 108 |
| Profit Before Tax | Volatile | 818 | 323 | 436 | 486 | 694 | 477 | 474 | 513 | 753 | 555 |
| Tax | Volatile | 198 | 90 | 112 | 131 | 165 | 106 | 111 | 104 | 193 | 140 |
| Net Profit | Volatile | 619 | 232 | 324 | 354 | 529 | 371 | 363 | 409 | 559 | 415 |
| Net Margin | Accelerating | 42.5% | 26.3% | 37.6% | 27.3% | 41.0% | 39.4% | 43.9% | 43.7% | 42.6% | 43.1% |
Key Takeaways
- Revenue grew 13.26% YoY to ₹1,423.39 crores, primarily boosted by strong IPL and sports franchise income.
- Cricket franchise revenues (Sunrisers) contributed ₹629.83 crores this quarter compared to ₹473.03 crores in the prior year period.
- Domestic Subscription Revenues saw a steady growth of ~3% YoY, reaching ₹485.46 crores.
- Advertisement Revenues witnessed a slight contraction of 2.56% YoY, landing at ₹282.51 crores.
- The board declared a 100% interim dividend (₹5.00 per share), continuing its consistent shareholder payout policy.
- Sequential performance (QoQ) shows a massive 180% jump in PAT, reflecting the high-margin nature of the IPL season concentrated in Q1.
- Standalone EBITDA increased by 19% YoY to ₹732.99 crores, with margins expanding to 51.50%.
Management Guidance
Management remains focused on maintaining its dominant market share in the four southern languages while expanding presence in Bangla, Marathi, and Hindi markets.
Sentiment Shift
Improving
The significant sequential jump and year-on-year growth in both revenue and PAT, largely driven by the sports segment, offsets the minor softness in advertisement revenue.
Outlook
The outlook is bolstered by the recovery in cricket franchise revenues and stable subscription income, though traditional TV advertising faces headwinds from digital shifts.
From the Annual Report (Key Quotes)
“Revenues for the quarter ended 30th June '26, up ~13 % at Rs.1,423.39 crs.”
“The results for the quarter ended June 30, 2026 includes income from the Company's Cricket Franchises of Rs 629.83 crores.”
“Domestic Subscription Revenues for the quarter was higher by ~3 % at Rs.485.46 crores.”
Official Quarterly Documents
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This summary is AI-generated from Sun TV Network Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.