SUNTV - Sun TV Network
📢 Recent Corporate Announcements
Sun TV Network Limited has announced an interim dividend of Rs. 1.25 per equity share for the financial year 2025-26. This dividend represents 25% of the face value of Rs. 5 per share. The decision was finalized during a board meeting held on March 6, 2026, which concluded at 3:15 PM. This move continues the company's trend of regular dividend distributions to its shareholders.
- Interim dividend of Rs. 1.25 per equity share declared for FY 2025-26
- Dividend payout is calculated as 25% of the face value of Rs. 5 per share
- Board meeting held on March 6, 2026, lasted 45 minutes to approve the payout
- The announcement is made in compliance with SEBI Listing Obligations and Disclosure Requirements
Sun TV Network Limited has announced an interim dividend of Rs 1.25 per equity share for the financial year 2025-26. This dividend represents 25% of the face value of Rs 5 per share. The decision was finalized during the Board of Directors meeting held on March 6, 2026. This move continues the company's trend of regular dividend payouts to its shareholders.
- Interim dividend of Rs 1.25 per equity share declared
- Dividend payout is 25% of the face value of Rs 5 per share
- Declared for the financial year 2025-26
- Board meeting concluded at 3:15 PM on March 6, 2026
Sun TV Network has announced March 12, 2026, as the record date for its fourth interim dividend for the financial year 2025-26. The formal declaration of the dividend amount will occur during the upcoming Board Meeting scheduled for March 6, 2026. If approved, the company will complete the dividend payment within 30 days of the declaration date. This announcement reflects the company's ongoing commitment to returning value to shareholders through multiple interim payouts.
- Record date for the 4th Interim Dividend for FY 2025-26 is fixed as March 12, 2026.
- The Board Meeting to consider and declare the dividend is scheduled for March 6, 2026.
- Dividend payment will be processed within 30 days from the date of declaration.
- This represents the fourth interim payout for the current fiscal year, indicating strong cash generation.
Sun TV Network Limited has scheduled a board meeting on March 6, 2026, to consider the declaration of an interim dividend for the financial year 2025-26. In accordance with SEBI regulations, the company has closed its trading window for designated persons from February 27, 2026, until 48 hours after the meeting outcome. This announcement indicates a potential cash distribution to shareholders, which is consistent with the company's historical payout trends. Investors should track the meeting outcome for the specific dividend quantum and the subsequent record date.
- Board meeting scheduled for March 6, 2026, to consider interim dividend for FY 2025-26.
- Trading window for designated persons closed from February 27, 2026, until 48 hours post-meeting.
- The meeting is convened under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Sun TV Network Limited has successfully obtained a waiver from BSE regarding fines previously imposed for non-compliance with SEBI Listing Regulations. The fines were originally levied on November 21, 2024, and March 17, 2025, for violations during the quarters ended September 30 and December 31, 2024. The non-compliance pertained to board and committee compositions, including Audit and Risk Management committees. This approval by BSE resolves a significant regulatory overhang and potential financial penalty for the company.
- BSE approved the waiver application on February 17, 2026, regarding fines from late 2024 and early 2025.
- Non-compliance involved SEBI Regulations 17(1), 18(1), 19, 20, and 21(2) for two consecutive quarters in FY25.
- The issues were related to the composition of the Board and mandatory committees like Audit and Risk Management.
- The waiver mitigates financial liabilities arising from these specific regulatory penalties.
Sun TV Network has declared a third interim dividend of ₹2.50 per share for FY 2025-26, bringing the total dividend payout for the year to ₹11.25 per share. On the earnings front, standalone revenue for Q3 FY26 grew to ₹827.87 crore from ₹793.58 crore YoY, though net profit declined by 8.8% to ₹316.44 crore. The company recognized an exceptional loss of ₹4.23 crore related to the implementation of new Labour Codes. Despite the profit dip, the company maintains a strong cash-return policy through consistent dividends.
- Declared interim dividend of ₹2.50 per equity share (50% of face value)
- Standalone Q3 FY26 revenue rose to ₹827.87 crore versus ₹793.58 crore YoY
- Standalone Net Profit fell to ₹316.44 crore from ₹347.17 crore in the previous year
- Total interim dividends for FY 2025-26 reached ₹11.25 per share
- Exceptional item of ₹4.23 crore recorded due to incremental impact of new Labour Codes
Sun TV Network reported a standalone Net Profit of ₹316.44 crore for the quarter ended December 31, 2025, marking an 8.8% decline from ₹347.17 crore in the previous year's corresponding quarter. Standalone revenue from operations saw a modest growth of 4.3% YoY, reaching ₹827.87 crore compared to ₹793.58 crore. The company declared a third interim dividend of ₹2.50 per share, taking the total dividend for the fiscal year to ₹11.25 per share so far. Profitability was impacted by a rise in total expenses, which climbed to ₹528.73 crore from ₹473.05 crore YoY, alongside a small exceptional charge related to new labour code enactments.
- Standalone Net Profit declined 8.8% YoY to ₹316.44 crore from ₹347.17 crore.
- Revenue from Operations grew 4.3% YoY to ₹827.87 crore, but fell significantly from ₹1,168.99 crore in Q2.
- Declared a third interim dividend of ₹2.50 per equity share (50% of face value).
- Total expenses rose to ₹528.73 crore, driven by higher operating costs of ₹237.57 crore and other expenses of ₹104.15 crore.
- Cricket franchise income for the nine-month period stood at ₹487.64 crore with corresponding costs of ₹276.35 crore.
Sun TV Network Limited has fixed February 12, 2026, as the record date for its third interim dividend for the financial year 2025-26. The formal declaration of the dividend amount is expected during the upcoming Board Meeting scheduled for February 6, 2026. If approved, the company will complete the dividend payment within 30 days of the declaration date. This announcement highlights the company's commitment to maintaining a consistent payout policy for its shareholders.
- Record date for the 3rd interim dividend is fixed as February 12, 2026
- Board Meeting to consider and declare the dividend is scheduled for February 6, 2026
- Dividend payment will be processed within 30 days from the date of declaration
- This is the third interim dividend announcement for the Financial Year 2025-26
Sun TV Network Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFin Technologies Limited, confirms that the details of securities dematerialized or rematerialized during the quarter ended December 31, 2025, have been correctly reported to the stock exchanges. This is a standard administrative filing required by all listed companies to ensure the integrity of electronic shareholding records. No financial performance data or strategic updates were included in this specific announcement.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Certificate issued by Registrar and Share Transfer Agent, KFin Technologies Limited.
- Confirms adherence to SEBI (Depositories and Participants) Regulations, 2018.
- Verification of dematerialization and rematerialization requests completed for the period.
- Filed with both BSE and National Stock Exchange of India Limited.
Sun TV Network Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting January 1, 2026. This is a standard regulatory procedure under SEBI (Prohibition of Insider Trading) Regulations for the quarter ending December 31, 2025. The window will remain closed until 48 hours after the declaration of the unaudited financial results. The company will announce the specific date for the Board Meeting to approve these results in due course.
- Trading window closure effective from Thursday, January 1, 2026
- Closure pertains to the financial results for the quarter ended December 31, 2025
- Applies to all Designated Persons and their immediate relatives as per SEBI norms
- Window to reopen 48 hours after the announcement of unaudited financial results
Financial Performance
Revenue Growth by Segment
Total consolidated revenue grew 29.86% YoY to INR 1,168.99 Cr in Q2 FY26. Domestic subscription revenue increased 9.01% YoY to INR 476.09 Cr. Sports/IPL revenue share increased from 8% in FY23 to 16% in 9M FY24. Advertisement revenue declined 4% YoY in 9M FY24 and 8.3% in FY20.
Geographic Revenue Split
South India (Tamil, Telugu, Kannada, Malayalam) remains the core market. The company is expanding into West Bengal and Maharashtra, with Sun Bangla and Sun Marathi channels established to explore newer horizons.
Profitability Margins
Operating Profit Margin (OPM) was 63.7% and Net Profit Margin (NPM) was 45.3% in 9M FY24. FY20 reported OPM of 66.2% and NPM of 39.5%. Q1 FY21 OPM was 66.9% and NPM was 42.1%.
EBITDA Margin
EBITDA margin for Q2 FY26 was 64.15% (INR 749.94 Cr), representing a 41.77% YoY increase in EBITDA value.
Capital Expenditure
Capex has been moderate relative to accruals in recent years, contributing to a superior liquidity position and healthy cash flows. Specific INR Cr values for planned capex are not disclosed.
Credit Rating & Borrowing
Short-term rating of [ICRA]A1+ reaffirmed and withdrawn in April 2024. The company maintains a zero-debt position with negligible finance costs and a net debt negative status.
Operational Drivers
Raw Materials
Fiction programming content (60% of total content cost), Non-fiction show formats, Movie broadcasting rights, and Artistic talent.
Import Sources
Domestic (India) for primary content production and regional film rights.
Key Suppliers
Independent content producers, film production houses, and sports media rights holders.
Capacity Expansion
Current capacity includes 35 television channels and 59 FM radio stations. Expansion includes the launch of Sun Bangla, Sun Marathi, and SunRisers Leeds (Northern Superchargers).
Raw Material Costs
Operating costs, including content production and rights acquisition, represent approximately 36% of revenue based on a 64% OPM. Advertisement revenue declined 27% in FY21 due to pandemic-related spend cuts.
Manufacturing Efficiency
High viewership efficiency with Sun TV being the #1 channel in Tamil Nadu/Pondicherry and 5th in India as per BARC data.
Logistics & Distribution
Distribution is managed through DTH (Sun Direct) and cable operators (Kal Media Services), ensuring vertical integration across the value chain.
Strategic Growth
Expected Growth Rate
29.86%
Growth Strategy
Growth is driven by expansion into non-South markets (Bangla, Marathi, Hindi), monetizing a massive fiction content library across linear and OTT platforms, and leveraging increased IPL media rights revenue which now contributes 16% of revenue.
Products & Services
Television channel subscriptions, Advertisement slots, IPL media rights, Radio ad spots, and Movie distribution rights.
Brand Portfolio
Sun TV, Sun Pictures, SunRisers Hyderabad, Red FM, Suryan FM, Sun NXT, Sun Bangla, Sun Marathi.
New Products/Services
SunRisers Leeds (Northern Superchargers) recorded revenues of INR 94.52 Cr in Q2 FY26. Expansion into Hindi language programming is underway.
Market Expansion
Targeting North and East India through regional language channels (Bangla, Marathi) and Hindi content to diversify beyond the Southern states.
Market Share & Ranking
Sun TV is the #1 channel in Tamil Nadu and Pondicherry and consistently ranks among the top 5 viewed channels in India.
Strategic Alliances
Joint Venture with South Asia FM Limited for radio operations.
External Factors
Industry Trends
The industry is shifting from slot-selling to content ownership and commissioning. Sun TV is positioned for this by retaining content ownership for multi-platform monetization (Linear + OTT).
Competitive Landscape
Intense competition from national broadcasters and niche digital content providers in the regional entertainment space.
Competitive Moat
Durable moat through vertical integration (content creation to distribution), a massive movie library across four languages, and dominant regional brand equity.
Macro Economic Sensitivity
High sensitivity to GDP growth; advertisement revenue (37-42% of total) is vulnerable to economic cycles and corporate marketing spend.
Consumer Behavior
Shift toward digital consumption and OTT platforms, which the company is addressing through its Sun NXT platform.
Geopolitical Risks
Regulatory challenges including licensing, investment limits, and channel distribution ownership restrictions pose ongoing risks.
Regulatory & Governance
Industry Regulations
Subject to TRAI distribution orders, FM radio licensing norms, and SEBI Listing Regulations (Regulation 33).
Taxation Policy Impact
Effective tax rate is consistent with Indian corporate standards; NPM of 45.3% vs OPM of 63.7% in 9M FY24.
Legal Contingencies
Pending matters are monitored by the legal team; specific case values in INR Cr are not disclosed in available documents.
Risk Analysis
Key Uncertainties
Fluctuations in channel popularity (Operational risk), Piracy of original content (Value erosion), and Treasury investment risk (Financial risk).
Geographic Concentration Risk
High revenue concentration in South India, specifically Tamil Nadu, though diversifying into Bangla and Marathi markets.
Third Party Dependencies
Dependent on independent content providers and artistic talent for programming variety.
Technology Obsolescence Risk
Risk of technological failures in broadcasting and the need to adapt to rapid digital transformation in media consumption.
Credit & Counterparty Risk
High receivables from ad agencies and DTH/cable operators stretch working capital to 33.1% of revenue.