Sun TV Network Ltd’s revenues increased 5.9% to Rs 691.09 crore for the quarter ended June 30, 2015 from Rs 548.58 crore in the last quarter. The revenues were up by 9.07% from Rs 633.58 crore in the corresponding quarter last year. For this quarter, Sun TV claims that its advertising revenue went up 16% to Rs 323.89 crore for the quarter. The company did not disclose its DTH or advertisement segment revenues for the last quarter. The profit before taxes (PBT), excluding IPL was Rs 356.95 crore, while the PBT including IPL was Rs 300.34 crore. Revenues from total media and entertainment stood at Rs 691.09 crore for the quarter. Broadcasting generated Rs 594.54 crore, whereas SunRisers Hyderabad franchise generated Rs 96.55 crore. Its subscription revenues grew by 13% for cable TV and 9% for DTH over the same quarter last year. Its EBITDA, including IPL revenue, grew by 11% at Rs 409.16 crore from Rs 367.57 crore in the same quarter last year. The company posted a net profit of Rs 197.28 crore this quarter, a decrease of 2.8% from Rs 202.99 crore last quarter. However, on a year-on-year basis net profit increased 19.1% from Rs 165.64 crore. Other developments: - Earlier this month, The Delhi High Court permitted Digital Radio Broadcasting, which runs Red FM, to participate in the main FM Phase III e-auction to be held today. The High Court had also let the agency participate in the mock e-auctions. Overall, the Ministry denied 5 companies of the Sun Group…
