GROUP
SUN
◊
SuN TV NETWORK L IMITE□
Murasoli Maran Towers,73, MRC Nagar Main Road, MRC Nagar, Chennai- 600 028, Tamil Nadu, India. Tel: +91-44-44676767, Fax: +91-44-4067 6161 Email: tvinfo@sunnetwork.in
Website: https://www.suntv.in CIN.: L22110TN1985PLC012491
November 14,2025
BSE Limited
Floor No. 25,P J Towers, Dalal Street,
Mumbai - 400 001
Scrip Code: 532733, Scrip Id: SUNTV Dear Sir/Madam,
National Stock Exchange of India Limited Exchange Plaza,
Bandra Kurla Complex, Bandra (E) Mumbai - 400 051
Symbol: SUNTV,Series: EQ
Sub: Outcome of the Board Meeting in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to the provisions of Regulation 30, 33 and other applicable provisions of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 ("SEBI Listing Regulation"),we wish to inform you that the Board of Directors of the Company at its meeting held Today,i.e.,on November 14,2025 approved the following items:
Unaudited Financial Results (Standalone and Consolidated) along with Limited Review Report of the Company for the quarter and half year ended September 30,2025.
Earnings Release of the Company for the quarter and half year ended 30th September 2025.
An Interim Dividend of Rs. 3.75 /- per equity share of Rs. 5 / - each (i.e. 75%) for the financial year 2025-26 has been declared.
A copy of the Unaudited Financial Results (Standalone and Consolidated) along with the Limited Review Report issued by the Statutory Auditors and required annexures are enclosed herewith.
The Board Meeting commenced at 02:30 PM and Concluded at 04:20 PM.
This is for your information and records. Thanking you,
For Sun TV Network Limited
R. Ravi
Company Secretary & Compliance Officer Encl.: As above
GROUP
SUN
◊
SuN TV NETWORK L IMITE □
Murasoli Maran Towers,73, MRC Nagar Main Road, MRC Nagar, Chennai- 600 028, Tamil Nadu, India. Tel: +91-44-44676767, Fax: +91-44-4 0676161 Email: tvinfo@sunnetwork.in
4.55
Website: https://www.suntv.in CIN.: L22110TN1985PLC0 12491
Sun TV NNwork Limited !�A Rcgd office : Murasoli Maran Towers, 73 , MRC Nagar Main Road, MRC Nagar, Chennai - 600 028 •SUIITV CIN: L22110TN1985PLC012491 Email:tvinfo@sunnetwork.in;https://www.suntv.in ptffWOIUCj | ||||||||
STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2025 (Rupees in crores except EPS and unless otherwise stated) | ||||||||
S.No |
| Quarter Ended | Six Month | s Ended | Year Ended | |||
September 30, 2025 Unaudited | June 30, 2025 Unaudited | September 30, 2024 Unaudited | September 30, 2025 Unaudited | September 30, 2024 Unaudited | March 31, 2025 Audited | |||
I | Revenue from Operations | 1,168.99 | 1,256.79 | 900.16 | 2,425.78 | 2,176.27 | 3,878.86 | |
2 | Other Income | 131.37 | 180.49 | 163.98 | 311.86 | 304.22 | 665.10 | |
3 | Total Income (1+2) | 1,300.36 | 1,437.28 | 1,064.14 | 2,737.64 | 2,480.49 | 4,543.96 | |
4 | Expenses | |||||||
(a)Operating Expenses | 248.83 | 242.22 | 219.61 | 491.05 | 416.02 | 852.88 | ||
(b)Cricket Franchises Fees | 94.38 | 94.38 | 100.73 | 135.25 | ||||
(c) Employee Benefits Expense | 75.13 | 74.48 | 73.11 | 149.61 | 145.75 | 290.84 | ||
(d) Depreciation and Amortisation expense | 399.20 | 102.94 | I 91.36 | 502.14 | 300.29 | 521.72 | ||
(e)Finance Costs | 2.43 | 2.49 | 3.20 | 4.92 | 9.79 | |||
(f) Other Expenses | 95.09 | 228.48 | 78.46 | 323.57 | 278.42 | 505.51 | ||
Total Expenses | 820.68 | 744.99 | 565.74 | 1,565.67 | 1,245.76 | 2,315.99 | ||
5 | Profit Before Exceptional Items and Tax (3 - 4) | 479.68 | 692.29 | 498.40 | 1,171.97 | 1,234.73 | 2,227.97 | |
6 | Exceptional Items (Loss)(Refer Note 8) | (27.44) | (27.44) | (73.52) | ||||
7 | Profit Before Tax (5 + 6) | 452.24 | 692.29 | 498.40 | 1,144.53 | 1,234.73 | 2,154.45 | |
8 | Income Tax Expenses | |||||||
(a)Current tax | 122.48 | 167.42 | 115.79 | 289.90 | 303.76 | 538.46 | ||
(b)Deferred lax Total | (0.03) 122.45 | (3.79) 163.63 | (15.56) 100.23 | (3.82) 286.08 | (14.14) 289.62 | (38.47) | ||
9 | Profit After Tax (7 - 8) | 329.79 | 528.66 | 398.17 | 858.45 | 945.11 | 1,654.46 | |
10 | Other Com11rehensive Income for the period/ year | |||||||
Items not to be reclassified to profit or loss in subsequent periods: | ||||||||
Remeasurement gains on defined benefit obligations (net of taxes) | (0.01) | 0.01 | 0.03 | 0.07 | 0.01 | |||
II | Total Comprehensive income for the period/ year, net of tax (9 + 10) | 329.78 | 528.67 | 398.20 | 858.45 | 945.18 | 1,654.47 | |
12 | Paid-up equity share capital (Face value of Rs.5.00 /- each) | 197.04 | 197.04 | 197.04 | 197.04 | 197.04 | 197.04 | |
13 | Reserves excluding revaluation reserves (i.e. Other Equity) | 11,219.66 | ||||||
14 | Earnings per share (Face value ofRs.5.00 /- each)- Basic and Diluted - in Rs. | 8.37 | 13.41 | I0.10 | 21.78 | 23.98 | 41.98 | |
Not Annualised | ||||||||
499.99
Page I of 4
GROUP
SUN
◊
SuN TV NETWORK L IMITE □
Murasoli Maran Towers,73, MRC Nagar Main Road, MRC Nagar, Chennai- 600 028, Tamil Nadu, India. Tel: +91-44-44676767, Fax: +91-44-40676161 Email: tvinfo@sunnetwork.in
Website: https://www.suntv.in CIN.: L22110TN1985PLC012491
Sun TV Network Limited
Regd office: Murasoli Maran Towers, 73, MRC Nagar Main Road, MRC Nagar , Chennai - 600 028
� CIN:L22110TN198SPLC012491 Email:tvinfo@sunnetwork.in;https://www.suntv.in
Notes to the Standalone Financial Results
I. STATEMENT OF STANDALONE ASSETS AND LIABILITIES
As at
Rs in crorcs
As at
S.No
I | Non - Current assets | ||
(a) Propeny, Plant and Equipment | 741.37 | 748.67 | |
(b) Capital work in progress | 14.23 | 17.26 | |
(c) Investment Propenies | 24.58 | 25.64 | |
(d) Other intangible assets | 506.40 | 613.65 | |
(e) Right of use assets | 71.51 | 78.65 | |
(f) Intangible assets under development | 447.25 | 326.94 | |
(g) Financial Assets | |||
- Investments in Subsidia,y / Joint Venture | 1,803.46 | 640.03 | |
- Other Investments | 1,453.41 | 1,849.28 | |
- Other financial assets | 102.64 | 82.37 | |
(h) Non current tax assets (net) | 57.79 | 49.65 | |
(i) Deferred tax assets (net) | 204.15 | 200.32 | |
ASSETS
Particulars
Sentember 30, 2025 Unaudited
March 31, 2025 Audited
{j) Other non-current assets Total Non - current assets
2 Current assets
Financial assets
Investments
Trade receivables
Cash and cash equivalents
Bank balances other than cash and cash equivalents
Other financial assets
Other current assets
Total current assets
TOTAL ASSETS (l+ 2)
EQUITY AND LIABILITIES
I Equity
Equity Share Capital
Other eauitv
Total Equity
2 Liabiliiies
Non - Current liabilities
Financial liabilities
Lease liabilities
Other financial liabilities
Total Non - current liabilities
86.47
94.65
Current liabilities
(a) Financial liabilities
- Lease liabilities
15.12
14.19
-Trade payables
(i) total outstanding dues of micro enterprises and small enterprises
14.59
15.30
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises
356.31
253.00
- Other current financial liabilities
109.60
219.75
(b) Shon term provisions
23.96
23.14
(c) Government grants
0.32
0.32
(d) Other current liabilities
221.09
304.60
(e) Current tax liabilities
55.81
796.80
830.30
Government grants
3
i�
Total current liabilities
TOTAL EQUITY AND LIABILITIES (l+ 2+ 3)
...
E
I-.. ,._0 {; C'4- ,0
,�o..
_.--,.,ON�
;��o1&A5s0
I��
20.02
5,446.81
5,604.57
1,312.55
80.61
103.29
12.45
401.09
7,514.56
12,961.37
197.04
11,881.06
12,078.10
73.70
I 1.00
1.77
-
12,961.37
,.,. 0
'/;.,;;�
Page 2 of 4
v
� .,, 'ti1/1
,_. *
CHENNAI � �)
*
o:',
O,)' ��EOACC�
.....?.......
?S
--
.:.
_
8.20
4,640.66
5,752.26
1,180.64
249.49
116.83
50.90
350.87
7,700.99 12,341.65
197.04
11,219.66
11,416.70
81.75
I 1.00
1.90
12,341.65
�fA<:..
I� �I
o"'
1
-*
GROUP
SUN
◊
SuN TV NETWORK L IMITE □Murasoli Maran Towers,73, MRC Nagar Main Road, MRC Nagar , Chennai- 600 028, Tamil Nadu , India. Tel: +91 -44-446767&7, Fax: +91-44-40676161 Email: tvinfo@sunnetwork.in
Website: https://www.suntv.in CIN.: L22110TN1985PLC012491
ffl
Sun TV Network Limited
Regd office: Murasoli Maran Towers, 73, MRC Nagar Main Road, MRC Nagar , Chennai - 600 028 CIN: L221 IOTNl985PLC0l2491 Email:tvinfo@sunnetwork.in;https://www.suntv.in
For the Period ended | For the Period ended Seotember 30, 2024 Unaudited 1,234.73 63.09 237.20 (0.05) (3.49) 1.74 0.27 2.38 (120.65) (0.16) (3.78) (172.16) 4.55 | |
Se11tember 30, 2025 | ||
Unaudited | ||
1,144.53 | ||
55.13 | ||
447.01 | ||
(3.97) | ||
(5.92) | ||
10.50 | ||
27.44 | ||
0.80 | ||
0.27 | ||
0.69 | ||
(0.20) | ||
(114.60) | ||
(0 13) | ||
(5 14) | ||
(175.50) | ||
4.92 | ||
1,385.83 | 1,243.67 | |
(138.89) | 18.70 | |
44.63 | (1.16) | |
(50. 12) | 84.40 | |
(52.56) 0.56 | (165 60) 0.94 | |
I, I 89.45 (242.22) | 1,180.95 (265 25) | |
947.23 | 915.70 (171.75) (1,941.00) 1,699.73 0,07 473.89 (1,022.50) (46.69) 45.18 110.56 0.10 | |
(546.95) | ||
(2,038.00) | ||
2,115.15 | ||
(1,190.88) | ||
3.66 | ||
668.39 | ||
(35. 74) | ||
(113.49) | ||
97.28 | ||
131.95 | ||
0.16 | ||
(908.47) | (852.41) | |
2. STATEMENT OF STANDALONE CASH FLOWS FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2025
Particulars
Rs in crores
Cash flow from operating activities
Profit before tax
Adjustments to reconcile profit before tax to net cash flows:
Depreciation of property plant & equipment, right of use assets and investment propenies Amonisation of intangible assets
(Profit)/ Loss on sale of property, plant and equipment (net) Translation (gain)/ loss on monetary assets and liabilities (net)
Impairment allowance for doubtful debts / movie advance and other advances (net) Impairment of investment in joint venture (exceptional item)
lmpainnent of financial instrument carried at amonised cost Provision for litigations and claims (net)
Bad debts written off
Liabilities / provisions no longer required written back Interest income
Export incentives
Dividend income / Net gain on redemption of investments
Fair value (gain)/ loss on financial instruments at fair value through profit or loss (net) Finance costs
Operating profit before working capital changes
Movements in working capital
(Increase)/ Decrease in trade receivables
(Increase)/ Decrease in other current assets/other financial assets (Increase)/ Decrease in loans and advances
Increase / (Decrease)in trade payables and other liabilities/other financial liabilities Increase / (Decrease)in provisions
Cash generaled from operations
Direct taxes paid (net of refunds)
Net cash flow from operating activities
Cash flow from investing activities
Amount paid for purchase of property, plant and equipment and intangible assets Payment for purchase of mutual funds
Proceeds from sale of mutual funds Payment towards investment in subsidiary
Proceeds from sale of property, plant and equipment Proceeds from maturity of bonds/non-convertible debentures Payment for purchase of bonds/non-convertible debentures Term deposits placed with banks
Term deposits refunded from banks Interest received (finance income) Dividend income
Net cash (used in) investing activities
Page 3 of 4
(A)
(B)
SUN
GROUP
Murasoli Maran Towers,73, MRC Nagar Main Road, MRC Nagar, Chennai- 600 028, Tamil Nadu, India.
SuN TV NETWORK L IMITE□
Tel: +91-44-4467 6767, Fax: +91 -44-4067 6161 Email: tvinfo@sunnetwork.in Website: https://www.suntv.in CIN.: L22110TN1985PLC012491
Sun TV Network Limited
Regd office:Murasoli Maran Towers, 73, MRC Nagar Main Road, MRC Nagar , Chennai - 600 028 CIN:L22110TN1985PLC012491 Email:tvinfo@sunnetwork.in;https://www.suntv.in
Cash flow from financing activities
Particulars
Rs in crores
For the Period ended For the Period ended September 30, 2025 Septemher 30, 2024
Unaudited Unaudited
Payment oflease liabilities | (12.01) | (10.51) | |
Interim dividends paid | (197.04) | (197.04) | |
Interest paid (finance cost) | (0.03) | (0.36) | |
Net cash (used in) financing activities | (C) | (209.08) | (207.91) |
Exchange differences on translation offoreign currency cash and cash equivalents | (D) | 1.44 | 3.04 |
Net (decrease) I increase in cash and cash equivalents | (A+B+C+D) | (168.88) | (141.58) |
Cash and cash equivalents at beginning of the period | E | 249.49 | 284.84 |
Cash and cash equivalents at end of the period | F | 80.61 | 143.26 |
The above standalone financial results for the quarter and six months ended September 30, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on November 14, 2025. The review ofthe standalone financial results has been carried out by the Statutory Auditors ofthe Company.
These unaudited standalone financial results have been prepared in accordance with the recognition and measurement principles provided in Indian Accounting Standard (Ind AS) 34 on 'Interim Financial Reporting', the provisions of the Companies Act, 2013 (the Act}, as applicable and guidelines issued by the Securities and Exchange Board of India (SEBI) under SEBI (Listing Obligations and Disclosure Requirements) Regulations 20 I 5, as amended.
Based on internal reporting provided to the ChiefOperating Decision Maker, "Media and Entertainment" is the only reportable segment for the Company.
The Board of Directors have declared an interim dividend ofRs.3. 75 per share (75%) at their meeting held on November 14, 2025. This is in addition to the interim dividend ofRs. 5.00 per share (100%) at their meeting held on August 7, 2025.
The results for the quarter and six months ended September 30, 2025 includes income from the Company's Cricket Franchises ("Sunrisers Hyderabad" and "Sunrisers Eastern Cape") ofRs. Nil and Rs. 473.03 crores (Quarter and six months ended September 30, 2024 - Rs. 0.09 crores and Rs. 497.14 crores) and corresponding costs ofRs. 0.37 crores and Rs. 256.46 crores (Quarter and six months ended September 30, 2024 - Rs.1.34 crores and Rs. 237.76 crores).
Exceptional item during the quarter ended September 30, 2025 and year ended March 31, 2025 represents provision for impairment in the Company's investment in a Joint Venture on account of the recoverable amount being lower than the carrying amount, primarily considering the Joint Venture's operating perforniance and other relevant economic and market indicators.
□�
During the quarter ended September 30, 2025, pursuant to the Share Purchase Agreement (SPA) entered into by the Company with the England and Wales Cricket Board, the Company acquired 100% stake in the equity ofSunrisers Leeds Limited ('SRL') (Formerly, Northern Superchargers Limited), a Company registered in London, United Kingdom, for a consideration ofGBP 100.5 million, resulting in acquisition ofcontrolling stake by the Company in SRL with effect from July 28, 2025.
IO Previous period's/ year's figures have been regrouped/ reclassified wherever necessary to make it comparable with current period.
1 . For and on behalf of the Board of Directors
1
Place:Chennai Date:November 14, 2025
Page 4 of4
.,_� <�_
-z. :::;
'?d' C>/'J') Mahe�mar Rajaraman
* Managing Director
DIN No: 05263229
S.R. BATLIBOl&ASSOCIATES LLP
Chartered Accountants
10th Floor, TideI Park "A" Block, North Wing No. 4, Rajiv Gandhi Salai
Taramani, Chennai -600 113 India
Tel: +91446117 9000
Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to
The Board of Directors Sun TV Network Limited
We have reviewed the accompanying statement ofunaudited standalone financial results of Sun TV Network Limited (the "Company") for the quarter ended September 30, 2025 and year to date from April I, 2025 to September 30, 2025 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.
We conducted our review ofthe Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Based on our review conducted as above, nothing has come to our attention that causes us to belieye that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (' Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For S.R. BATLIBOI & ASSOClATES LLP
Chartered Accountants
ICAI Firm registration number- E300004
a.- • ,,.,.,l..�
pe"""r v--Ara�vmd K
Partner
Membership No.: 221268 UDIN: 25221268BMOUIT2575
Place: Chennai
Date: November 14, 2025
S.R. Batllbol & Associates LLP, a Limited Liability Partnership with LLP Identity No. AAB-4295 ReQd. Office: 22, Camac Street, Block ·s·, 3rd floor, Kolkata-700 016
GROUP
SUN
◊
SuN TV NETWORK L tMITE □
Murasoli Maran Towers,73, MRC Nagar Main Road, MRC Nagar, Chennai- 600 028, Tamil Nadu, India.
Tel : +91 -44-4467 6767, Fax: +91 -44-4067 6161 Email: tvinfo@sunnetwork.in Website: https://www.suntv.in CIN.: L22110TN1985PLC012491
..
Sun 1V Network Limited
Regd office: Mur:tsoli M:1r:in Towers, 73, MRC N::igar M11in Road, MRC Nagar. Chcnnai. 600 028
� CIN: L??t I0TNl985PLC012491 Em:1il: tYiofo�sunnctwork.in; nnw.sunh',in
STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2025
Quarter Ended
S.No
P:irtitulars
Sc111cmhcr 30,
2025
June 30, 2025
September JO, 2024
(RC5tatctO-
September JO, 2025
Sir Months Ended
S,qncmbu JO,
202-t
(Restated)"
Year Endct.1
lforch JI, 2025
(Restated)•
T,x (3. 4)
Hems to be rcclauificd to Jlrofit or lou in subsequent J>erio,h:
Ne! mo,·emenl on cxch:ingc differences on tr.:ansl:ilion of foreign subsidiaries (net o ta,;cs)
9.77
Other ComJlrehensh·<': Income for the period/ year attributable 10:
Ownctl of the Comp.:anr
Non-Controlling Interest
13 Total ComJlrehcnsin income for 1he 1>eriod/ yc:tr, net of t.u: (11 + 12) Total Comprchcnsi,·c Income for the period I yc.:ar, net of tax attributable to:
Owners or the Comp.:any
Non-Cont.rolling lntcrcsl
u P.:iid-up equity share capital (Focc ,,a)uc of Rs.S.00/. cxh) Rcscr"CS excluding rc,·:ilu:ition resc-f'·cs ( i.e. Other Equi1y)
16 Eamin2s ocr share (face ,·aluc of Rs.5.00 /- cxh)• Basic .:and Diluted• in Rs.
9.29
0.33
364.31
(0.13)
(0.00)
529.08
(0.15)
(0.00)
-109.30
9.16
0.33
893.39
(0.29)
(0.00)
968.76
(0.51)
(0 01)
1,702.90
363.62
0.69
197.04
9.00
528.97
0.11
197.04
13.43
409.12
0.18
197.04
892.59
0.80
197 04
10.39
Not Annualised
22.43
968.39
0.37
197.04
24.59
1,701.57
1.33
197.04
11,4H.45
43.22
7.73
(Rupees in croft's cxccot EPS nnd unless olhcmisc st.:itcd)
Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |
I Rc'cnuc from Operations | 1.299.87 | 1,290.28 | 935.70 | 2,590.15 | 2.249.25 | 4,019.87 |
2 Olhcr lncomc | 139.95 | 188.91 | 171.69 | 328.86 | 318.51 | 698.82 |
3 Tot:il Income (1+2) | 1,439.82 | 1,..&79.19 | l,!07.39 | 2,919.01 | 2.567.76 | 4,718.69 |
4 Expenses | ||||||
(a) Operating E:-.pcnscs | 258.28 | 252.17 | 227.95 | 510.45 | 434.68 | 887.24 |
(b) Cricket Franchises Foes | 94J8 | 94.38 | 100.73 | 135.25 | ||
(c) Employcx: Bcnclits Expense | 86.21 | 84.91 | 83.96 | 171.12 | 167.11 | 332.71 |
(d) Depreciation and Amonis:i1ion expense | 403.93 | !07.53 | 195.85 | 511A6 | 309.28 | 540.59 |
(c) Finance CoslS | 4.18 | 3.55 | 4.13 | 6.-14 | 13 55 | |
(() Other Expenses | 170.91 | 239.47 | 82.81 | 410.38 | 286.92 | 532.03 |
Total Expenses | 923.51 | 782.01 | 59..&.70 | 1,705.52 | 1,305.16 | 2.441.37 |
5 Profi1 Before Share of Profit/(Loss) from Join1 Venture, Exceptional hems and | 516.31 | 697.18 | 512.69 | 1,213,..&9 | 1.262.60 | 2,277.32 |
6 Share of Profit/(Loss) from Joint Venture | (30.21) | (2.73) | 0.68 | (32.9>) | 3.26 | (4.90) |
7 Profit Before Excc1Hional Items and Ta:c (S + 6) | 486.10 | 69-US | 513.37 | 1,180.55 | 1,265.86 | 2,272A2 |
8 Exccplional items (loss) (Refer No1c 9) | (55.80) | |||||
9 Prolit before t:u: {7 + 8) IO Income Tax Expenses | 486.10 | 694A5 | 513.37 | 1,180.55 | 1,265.86 | 2,216.62 |
(:1) Current la.-. | 130.10 | 167.52 | 118.26 | 297.62 | 309.30 | 5-17.92 |
(b) Deferred tax | I.JI | (2.28) | (14.34) | (0.97) | (12.49) | (34.72) |
Tolal | IJUI | 165.24 | 103.92 | 296.65 | 296.81 | 513.20 |
II Profit After Tu (9 - 10) | 354.69 | 529.21 | 409.45 | 883.90 | 969.05 | 1,703.42 |
Profit for the period/rear :itlribut.:able 10 | ||||||
-O,mctl or the Comp.:any | 354.33 | 529.10 | 409.27 | 883.43 | 968.68 | 1.702.08 |
-Non Cont.rolling in1crcs1 | 0.36 | 0.11 | 0.18 | 0 47 | 0.37 | 1.34 |
12 Other Comprehensi,·e Income | ||||||
Items not to be rccla.niried 10 profit or lou in suhsequen1 Jlcriods: | ||||||
Rcme.:asurcmcnt g.:ains on defined bcnefil oblig:ilions (net ofl:l..xes) | (0.09) | (0.07) | (0.08) | (0.16) | (0.14) | (0.28) |
Sh:irc or other comprehensive income of equity :iccountcd investees | (0.06) | (0.06) | (0.07) | (0.12) | (0.15) | (0.H) |
9.77
15
Refer Note IO
Page I of -I
SUN
GROUP
Murasoli Maran Towers,73, MRC Nagar Main Road, MRC Nagar, Chennai- 600 028, Tamil Nadu, India. Tel: +91-44-44676767, Fax: +91-44-40676161 Email: tvinfo@sunnetwork.in
- SuN TV NETWORK L IMITE □
Website: https://www.suntv.in CIN.: L22110TN1985PLC012491
ln1 Sun TV Network Limit ed
�
�SUN TVl
Regd officeC:INM:urLa2s2o1li10MTaNr1a9n8T5oPwLeCr0s,17234,91MERmCaNila:gtavrinMfoa@insuRnonaedt,woMrRkC.inN;wagwawr.,sCuhnetvn.ninai - 600 028
NI.oSteTsAtoTEthMe ECNonTsoOliFdaCteOdNFSiOmLrnIcDiaAl TREesDulAtsSSETS AND LIABILITIES
Unaudited
As at
Rs in crores
As at
ANSonSE- TCSurrent assets
S.No
Particulars Sclltember 30, 2025
March 31, 2025
(RAeustdaitteedd)•
I
(a) Property, Plant and Equipment
(c) Investment Propenies
(b) Capital work in progress
(d) Goodwill
(e) Other intangible assets
(t) Right of use assets
749.62
15.23
24.55
4.80
1,785.01
88.74
757.33
17.26
25.64
4.80
693.20
97.69
342.84
- Investments 1,517.44
(gh) IntvaensgtimbelnetaisnseJtosinunt dVeerndtuerveelopment447.25
(i) Financial Assets
326.94
375.82
1,909.64
U) No-nOctuhrerrefnitntaanxciaaslsaestse(tnset)
146.65
66.45
94.24
55.49
(k) Deferred tax assets (net) 196.21
198.58
Curr-ent assets
(a) Financial assets
2 T(I)otOatlhNeronno-nc-cuurrrreenntt aasseetts
- TInrvaedsetmreecnetisvables
28.91
5,413.70
5,911.64
1,466.40
10.15
4,566.78
6,017,15
1,224.06
18.59
(bo)tOalthceurrcruernrteantssaestssets409.65
--- COBathnsehkrabfniandlacnacseihasleoaqtshuseievrtastlheanntscash and cash equivalents 10848..5735
QUITY AND LIABILITIES
TOTAL ASSETS (I+ 2) 173,,941939..256
I (Eaq) uEiqtyuity Share Capital
274.66
152.97
58.07
357.17
182,,608504..8086
(b) O�1er equity
TLoiatbailliEtiqeusity
((dc)) ENqounitCyoantttrroilbliungtaibnlteerteostthe owners of Company
2
Lease liabilities
(Nao) nFiCnaunrcrieanl tlilaiabibliiltiiteises
TCoutrarl-eNntolnia-bciulirtireesnt liabilities
(b) G-oOvethrnemr feinntagncraianltsliabilities
3
Financial liabilities
-- LTBeroaardrsoeewpliiaanybgaislbitlieess
i) ttotall outstandiinng dues of cmriecdroitoernstoetrhperirstehsaannmd iscmroalel netnetreprrpisriesseasnd small enterprises
(b) Sh- oOrtthteernncuprrroenvtisfiionnasncial liabilities
(d) Other current liabilities
/..,�(/'...
>H.
T(eo)tCalurcruernrtetnaxt lliiaabbiilliities-'ties --,,-;---....
197.04
12,347.38
12,150.34
15.91
12,363.29
96.65
I 1.02
1.77
10390..4347
19.24
14.74
138.58
409.55
(c) Government grants □�
25.66
0.32
240.76
-
940.53
61.31
197.04
11,651.49
11,454.45
15.44
11,666.93
105.41
I 1.02
1.90
118.33
18.93
15.59
254.11
244.03
24.76
0.32
865.60
307.86
�
�
� ::;
TOTAL E
0
I ,
CHENNAI
CPI/I
Pagc2of4{
Refer Not< m "'t {_,, Y.;- V
(I+ 2+ 3) ,0-;: ··'/
........
13,413.26
12,650.86
,,_. *
<)
rJ:0��
�J:'i=�o�
11-
�)
-z. ....,
�s0*AC�{:'-
?S' *
01>/
GROUP
SUN
◊
SuN TV NETWORK L IMITE □
Murasoli Maran Towers,73, MRC Nagar Main Road, MRC Nagar, Chennai- 600 028, Tamil Nadu, India. Tel: +91-44-44676767, Fax: +91-44-40676161 Email: tvinfo@sunnetwork.in
Website: https://www.suntv.in CIN.: L22110TN1985PLC012491
Sun TV Net\'Ork Limited
Regel office: Murasoli Maran Towers, 73, MRC Nagar Main Road, MRC Nagar , Chennai - 600 028
CIN: L221I0TNI985PLC0I2491 Email: tvinfo@sunnetwork.in; wn,v.suntv.in
2. STATEMENT OF CONSOLIDATED CASH FLOWS FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2025
Rs in crorcs
Cash flow from operating activities Profit before tax
Particul:1rs
For the Period ended
September 30, 2025 Unaudited
1,180.55
For the Period ended September 30, 2024 (Restated - Refer Note I0)
Unaudited
1,265.86
Adjustments to reconcile profit before tax to net cash flows:
Depreciation of property plant & equipment, right of use assets and investment properties Amonisation of intangible assets
(Profit)/ Loss on sale ofproperty, plant and equipment (net)
Translation {gain)/ loss on monetary assets and liabilities (net)
lmpainnent allowance for doubtful debts I movie ad'ance and other advances (net) lmpainnent of financial instrument carried at amortised cost
Provision for litigations and claims Bad debts written off
Liabilities / provisions no longer required written back
Interest income
Export incentive income
Dividend income / Net gain on sale of current investments
Fair value (gain)/ loss on financial instruments at fair value through profit or loss (net) Finance costs
Share of(Profit)/ Loss from Joint Venture
Operating 11rofit before working capital changes
Movements in working capital
(Increase)/ Decrease in trade receivables
(Increase)/ Decrease in other current assets/other financial assets (Increase)/ Decrease in loans and advances
Increase/ (Decrease) in trade payables and otl1er liabilities/other financial liabilities
Increase / (Decrease)in provisions Cash generated from operations
Direct taxes paid (net of refunds) Net cash flow from operating activities
Cash flow from investing activities
Amount paid for purchase of property, plant and equipment and intangible assets
Payment for purchase of mutual funds
Proceeds from sale ofmutual funds
Proceeds from sale ofproperty, plant and equipment
Proceeds from maturity of bonds/non-convertible debentures Payment for purchase of bonds/non-convertible debentures Tenn deposits placed with banks
Tenn deposits refunded from banks
Interest received (finance income)
(A)
57.82
453.64
(3.94)
(5.92)
11.25
0.80
0.27
0.69
(0.20)
(I 19.67)
(0.13)
(5.21)
(187.89)
7.73
32.94
1,422.73
(249.52)
44.66
(52.50)
20.33
0.64
1,186.34
(247.23)
939.11
(1,747.44)
(2,077.50)
2,126.51
3.66
669.97
(39.24)
(I 19.15)
105.64
133.71
65.69
243.59
0.02
(3.49)
2.74
0.27
2.38
(125.72)
(5.33)
(0.16)
(180.28)
6.44
(3.26)
1,268.75
12.71
(1.41)
84.65
(160.04)
1.03
1,205.69
(271.99)
933.70
(171.80)
(1,979.27)
1,712.62
0.07
475.49
(1,026.32)
(94.02)
109.09
116.28
Dividend income
0.21 0.13
Net cash (used in)investing activities
Page 3 of4
(B)
(943.63)
(857.73)
SUN
◊
GROUP
SuN TV NETWORK L IMITE□
Murasoli Maran Towers,73, MRC Nagar Main Road, MRC Nagar, Chennai- 600 028, Tamil Nadu, India. Tel: +91-44-44676767, Fax: +91 -44-40676161 Email: tvinfo@sunnetwork.in
Website: https://www.suntv.in CIN.: L22110TN1985PLC012491
Sun TV Network Limited
Regd office: Murasoli Maran Towers, 73, MRC Nagar Main Road, MRC Nagar, Chennai - 600 028 CIN: L221 IOTN1985PLC01249I Email:tvinfo@sunnetwork.in;https://www.suntv.in
Rs in crorcs | ||
For the Period ended September JO, 2025 | For the Period ended September 30, 2024 (Restated - Refer Note 10) | |
Unaudited | Unaudited | |
30.37 | ||
(15.38) | (12.92) | |
(197.04) | (197.04) | |
(0.98) | (0.39) | |
Particulars | |||
Proceeds from Shon tenn borrowings | |||
Payment of lease liabilities | |||
Interim Dividend Paid | |||
hiterest paid (finance cost) | |||
Net cash (used in) financing activities | (C) | (183.03) | (210.35) |
Exchange differences on translation of foreigncurrency cash and cash equivalents | (D) | 1.44 | 3.04 |
Net (decrease)/ increase in cash and cash equivalents | (A+B+C+D) | (186.11) | (131.34) |
Cash and cash equivalents at beginning of the period | E | 274.66 | 292.45 |
Cash and cash equil•alents at end of the period | F | 88.55 | 161.11 |
Cash flow from financing activities
The above consolidated financial results for the quarter and six months ended September 30, 2025 have been reviewed by the Audit Committee and approved by the Board o Directors in their respective meetings held on November 14. 2025. llte review of the consolidated financial results has been carried out by the Statutory Auditors of the Company.
4 These unaudited consolidated financial results have been prepared in accordance with the recognition and measurement principles provided in Indian Accounting Standard (Ind AS) 34 on 'Interim Financial Reporting', the provisions of the Companies Act, 2013 (the Act}, as applicable and guidelines issued by the Securities and Exchange Board of India (SEBI) under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended.
Based on intemal reporting provided to the Chief Operating Decision Maker, "Media and Entertainment" is the only reportable segment for the Group.
The Board of Directors have declared an interim dividend of Rs.3.75 per share (75%) at their meeting held on November 14, 2025. 1l1is is in addition to the interim dividend of Rs.
5.00 per share (100%) at tl1eir meeting held on August 7, 2025.
During tl1e quarter ended September 30, 2025, pursuant to the Share Purchase Agreement (SPA} entered into by the Holding Company with the England and Wales Cricket Board, the Holding Company acquired JOO% stake in the equity of Sunrisers Leeds Limited ('SRL') (Fonnerly, Northern Superchargers Limited), a Company registered in London, United Kingdom, for a consideration of GDP 100.5 million, resulting in acquisition of controlling stake by the Holding Company in SRL with effect from July 28, 2025. ll1is results in SRL becoming Subsidiary of the Holding Company. SRL is a fi-anchise in England's '1l1e hundred' cricket league. Based on evaluation of the guidance under Ind AS 103 and considering the substance of the arrangement, the same has been accounted as an "asset acquisition".
ll1e results for the quarter and six months ended September 30, 2025 includes income from the Group's Cricket Franchises ("Sunrisers Hyderabad", "Sunrisers Eastern Cape" and "Sunrisers Leeds Limited") of Rs. 94.52 crores and Rs. 567.55 crores (Quarter and Six months ended September 30, 2024 - Rs. 0.09 crores and Rs. 497.14 crores respectively) and corresponding costs of Rs. 72.70 crores and Rs. 328.79 crores respectively (Quarter and Six months ended September 30, 2024 - Rs. 1.34 crores and Rs. 237. 76 crores respectively).
Exceptional item during the year ended March 31, 2025 represents provision for impairment in the Company's investment in a Joint Venture on account of the recoverable amount being lower than the canying amount, primarily considering the Joint Venturc's operating perfonnance and other relevant economic and market indicators.
The National Company Law Tribunal, Division Bench 11, Chennai, approved the Scheme of Amalgamation ("the KRL Scheme") for the amalgamation between Kai Radio Limited (Subsidiary of the Holding Company, hereinafter referred to as "Transferee") and Udaya FM Private Limited (referred to as "Transferor") under Sections 230 and 232 of the Companies Act, 2013, on March 21, 2025, and the said order was communicated to the Transferor and Transferee on March 28, 2025. ll1e KRL Scheme became effective on May I, 2025, post fulfilling conditions precedent in Clause 14.1 of the KRL Scheme, which, inter alia, included obtaining relevant approvals by the Ministry of lnfonnation & Broadcasting to transfer Phase Ill license of transferor company in the name of the transferee company and the subsequent filing of the KRL Scheme with the Registrar of Companies. This amalgamation has been given effect to by Kai Radio Limited during the quarter ended June 30, 2025, in accordance with the accounting principles as laid down in the Appendix C to Ind AS I 03 'Business Combinations' of entities under common control. Accordingly, the financial infonnation in respect of prior periods/ year has been restated for the acquisition as if the business combination has occurred from the beginning of preceding periods.
II
Place : Chennai
Date: November 14, 2025
Page 4 of 4
For and on behalf of the Board of Directors
l�
i
�Kumar Rajaraman
Managing Director
DIN No: 05263229
S.R. BATLIBOl&ASSOCIATES LLP
Chartered Accountants
10th Floor, Tidel Park "A" Block, North Wing No. 4, Rajiv Gandhi Salai
Taramani, Chennai - 600 113 India
Tel: +91 44 6117 9000
Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to
The Board of Directors Sun TV Network Limited
We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Sun TV Network Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), and its joint venture for the quarter ended September 30, 2025 and year to date from April 1, 2025 to September 30, 2025 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors . Our responsibility is to express a conclusion on the Statement based on our review.
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review ofinterim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.
The Statement includes the results of the following entities:
Holding Company - Sun TV Network Limited
Subsidiaries - Kai Radio Limited and Sunrisers Leeds Limited (Formerly, Northern Superchargers Limited)
Joint Venture - South Asia FM Limited
5.
Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6, nothing has come to our attention that causes us to believe that the accompanying Statement,
accordance with recognition and measurement principles laid down in the afore
S.R. Batllbol & Associates LLP, a Limited Liability Partnership with LLP Identity No. AAB·4295 Regd. Office: 22, Camac Street, Block 'B', 3rd floor, Kolkata-700 016
S.R. BATL/801 & ASSOCIATES LLP
Chartered Accountants
Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of:
One subsidiary, whose unaudited interim financial results and other financial information include total assets of Rs. 592.86 crores as at September 30, 2025, total revenues of Rs 36.36 crores and Rs 69.85 crores, total net profit after tax of Rs. 10.43 crores and Rs. 13.57 crores, total comprehensive income of Rs. 10.35 crores and Rs. 13.41 crores for the quarter ended September 30, 2025 and the period ended on that date respectively, and net cash outflows of Rs. 22.75 crores for the period from April 1, 2025 to September 30, 2025, as considered in the Statement which have been reviewed by its independent auditor.
One joint venture, whose unaudited interim financial results include Group's share of net loss of Rs. 30.21 crores and Rs. 32.94 crores and Group's share of total comprehensive loss of Rs.
30.27 crores and Rs. 33.06 crores for the quarter ended September 30, 2025 and for the period from April 1, 2025 to September 30, 2025 respectively, as considered in the Statement whose interim financial results, other financial information have been reviewed by its independent auditor.
The independent auditor's reports on unaudited interim financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of the aforesaid subsidiary and joint venture is based solely on the report of such auditors and procedures performed by us as stated in Paragraph 3 above. Our conclusion on the Statement in respect of matters stated above is not modified with respect to our reliance on the work done and the reports of the other auditors.
For S.R. Batliboi & Associates LLP
Chartered Accountants
ICAI Firm registration num
� "" .l. • �
perAr�
Partner
Membership No.: 221268
UDIN: 25221268BMOUIU7123 �;,;=:::::.,
Place: Chennai
Date: November 14, 2025
SUN TV
NlTWORJ<
SV¾
Earnings Release for the quarter ended 30th September, 2025
Revenues up ~29.86 % @Rs. 1,168.99 crs.
Domestic Subscription revenues up 9.01 % @Rs. 476.09 crs.
EBITDA up ~41. 77 %@Rs. 749.94 crs.
Interim Dividend of 75 % declared
SunRisers Leeds records Revenues ofRs.94.52 crs & PBT of Rs.22.19 crs.
Highlights :
Revenues up -29.86 %for the quarter ended 30th September '25 at Rs.1,168.99 crs;
EBITDA up -41. 77 % for the quarter ended 30th September '25, at Rs. 749.94 crs;
Profit after Taxfor the quarter ended 30thSeptember'25, at Rs.329. 79 crs;
Chennai, India, November 14, 2025: Sun TV Network Limited, one of the largest Television Broadcasters in India, operates Satellite Television Channels across four southern languages of Tamil, Telugu, Kannada and Malayalam and three northern languages Bangla, Marathi and Hindi, airs FM radio stations across India, is into production of movies, owns three Cricket Franchises - SunRisers Hyderabad Cricket Franchise of the Indian Premier League, SunRisers Eastern Cape of Cricket South Africa's T20 League and SunRisers Leeds Limited of The Hundred, United Kingdom and owns the Digital OTT Platform Sun NXT.
1
SUN TV
NETWORK
SVN'T'o/ Network, Limited'
FOR THE QUARTER ENDED 30™ SEPTEMBER'2025, the Revenues for the current quarter was up by ~29.86 % at Rs. I, I68.99 crores as against Rs.900.16 crores for the corresponding quarter ended 30th September'2024. The Total Income for the current quarter was up by ~22.20 % at Rs.1,300.36 crores as against Rs.1,064.14 crores for the corresponding quarter ended 30th September'2024. The Advertisement Revenues for the quarter ended 30th September'25, was at Rs.292.15 crs as against Rs.335.42 crores for the corresponding quarter. EBITDA for the quarter ended 30th September'2025 was up by ~41.77 % at Rs.749.94 crores as against Rs. 528.98 crores for the corresponding quarter ended 30th September'2024. The Profit before taxes (after exceptional items) for the current quarter was at Rs.452.24 crores as against Rs. 498.40 crores for the corresponding quarter ended 30th September'2024. The Profit after taxes for the current quatter stood at Rs.329.79 crores as against Rs.398.17 crores for the corresponding quarter ended 30th September'2024.
ACQUISITION OF 100 % EQUITY OF SUNRISERS LEEDS LIMITED (formerly,
Northern Superchargers Limited):
During the quarter ended 30th September 2025, the Company acquired 100% stake in the Equity of SunRisers Leeds Limited (SRL) (formerly, Northern Superchargers Limited), one of the eight franchises of The Hundred, a cricket league in United Kingdom and is now a wholly owned subsidiary. SRL recorded revenues of Rs.94.52 crs and a Profit before tax of Rs.22.19 crs during the current quarter and the same have been consolidated in the books.
INTERIM DIVIDEND: At the Board Meeting held today, the Board of Directors have declared an Interim Dividend of Rs.3.75 per share (75 %) on a face value of Rs.5.00 per share.
* * *
2
