Chennai: Sun TV Network reported a 2.8% year-on-year increase in consolidated net profit for the second quarter of the financial year 2026-27, even as its revenue and operating earnings declined sharply. The company announced its Q2 results on Friday, October 30, 2026, reporting a net profit of Rs 364 crore for the quarter ended September 30, compared with Rs 354 crore in the corresponding period last year.
Revenue from operations fell 27.7% to Rs 940 crore from Rs 1,300 crore in Q2 FY26. Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 42.6% to Rs 450 crore from Rs 784 crore a year earlier.
The company’s EBITDA margin also contracted to 47.9% from 60.3% in the year-ago quarter, indicating pressure on operating profitability despite the modest rise in net profit.
Along with the quarterly financial results, the board declared an interim dividend of Rs 3.75 per share. It also approved the proposed reappointment of Kalanithi Maran as Whole Time Director, with the designation of Executive Chairman, for another five-year term beginning in April 2027.
Sun TV Q2 FY27 financial performance
The results show contrasting trends across the company’s key financial indicators. While net profit recorded a marginal improvement, revenue and EBITDA registered substantial declines compared with the same quarter of the previous financial year.
The consolidated financial performance for the July-September quarter is as follows:
| Financial metric | Q2 FY27 | Q2 FY26 | Year-on-year change |
|---|---|---|---|
| Net profit | Rs 364 crore | Rs 354 crore | Up 2.8% |
| Revenue from operations | Rs 940 crore | Rs 1,300 crore | Down 27.7% |
| EBITDA | Rs 450 crore | Rs 784 crore | Down 42.6% |
| EBITDA margin | 47.9% | 60.3% | Down 12.4 percentage points |
The 27.7% decline in revenue represents a reduction of Rs 360 crore compared with the corresponding quarter last year. EBITDA fell by Rs 334 crore during the same period.
Although net profit increased by Rs 10 crore, the decline in operating revenue and EBITDA points to weaker performance at the operating level during the quarter.
Revenue declines to Rs 940 crore
Sun TV Network’s revenue from operations stood at Rs 940 crore in Q2 FY27, compared with Rs 1,300 crore in the corresponding quarter of FY26.
The 27.7% year-on-year decline was the steepest fall among the key financial indicators reported in the results. Revenue is an important measure of a company’s business activity, reflecting income generated from its core operations.
The latest figures indicate that Sun TV recorded lower operating revenue during the July-September period than it did a year earlier. However, the results provided do not specify the individual contribution of television broadcasting, advertising, distribution or other business segments to the decline.
The company’s revenue performance will remain an important factor for investors assessing its ability to sustain earnings growth in subsequent quarters.
EBITDA drops 42.6%, margins contract
Sun TV’s operating performance came under pressure during the quarter, with EBITDA declining 42.6% year-on-year to Rs 450 crore from Rs 784 crore.
EBITDA, which stands for earnings before interest, tax, depreciation and amortisation, is commonly used to assess operating profitability before certain financial and accounting costs.
The company’s EBITDA margin also fell to 47.9% from 60.3% in Q2 FY26. This represents a contraction of 12.4 percentage points.
The decline in EBITDA was considerably sharper than the fall in revenue, while the lower margin indicates that the company generated less operating earnings for every rupee of revenue compared with the year-ago quarter.
Despite the weaker operating figures, Sun TV managed to report a slight increase in consolidated net profit. The quarterly results, however, do not provide enough information to attribute the difference between operating earnings and net profit to any particular factor.
Sun TV declares interim dividend of Rs 3.75 per share
Along with announcing its Q2 FY27 results, Sun TV Network declared an interim dividend of Rs 3.75 per share.
An interim dividend is a distribution announced by a company’s board before the end of its financial year. It allows shareholders to receive a portion of the company’s earnings during the year rather than waiting for a final dividend decision.
The declaration is an additional development for investors following the company’s quarterly performance. However, details such as the record date and payment date were not included in the information provided with the results.
Shareholders should refer to the company’s official exchange filing for the applicable dates and other dividend-related details.
Kalanithi Maran reappointment approved for five years
The board also approved the reappointment of Kalanithi Maran as Whole Time Director, designated as Executive Chairman, for a period of five years.
The proposed term will run from April 20, 2027, to April 19, 2032. The reappointment is subject to shareholder approval through a postal ballot.
Kalanithi Maran is the promoter of Sun TV Network, which operates television channels across several regional markets. The proposed five-year term would allow him to continue in the company’s senior leadership position, subject to the completion of the shareholder approval process.
The postal ballot will provide shareholders with an opportunity to vote on the proposed reappointment. The board’s approval is therefore not the final step in the process.
What Sun TV’s Q2 results indicate
Sun TV Network’s September-quarter results present a mixed picture for investors. The company recorded a modest increase in net profit, but revenue from operations and EBITDA declined significantly. The contraction in EBITDA margin also highlights the pressure on operating profitability during the quarter.
The Rs 3.75 interim dividend provides a distribution to shareholders, while the proposed reappointment of Kalanithi Maran outlines the company’s leadership plans for the coming five years.
Investors will be watching subsequent quarterly results for signs of improvement in revenue and operating earnings, particularly whether the company can recover its margins while maintaining net profit growth.