Sun TV Q3 above forecast, profit rises 25% QoQ to Rs 190 cr

South-based Sun TV Network reported better-than-expected numbers on Wednesday with the net profit rising 25 percent quarter-on-quarter to Rs 190 crore in the third quarter of financial year 2012-13.

Total income from operations increased 12.2 percent - ahead of expectations - to Rs 486 crore from Rs 433 crore during the same period.

Analysts on an average were expecting net profit at Rs 178 crore on net sales of Rs 473 crore for the quarter.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 14.3 percent QoQ to Rs 376 crore in October-December quarter as against analysts' forecast of Rs 372 crore.

EBITDA margin went up by 140 basis points QoQ to 77.4 percent in the third quarter.

Advertisement revenue jumped 20 percent to Rs 293 crore from Rs 244.5 crore quarter-on-quarter.

Shares advanced 2.6 percent to Rs 435.05 amid heavy volumes on Bombay Stock Exchange at 11:51 hours IST.

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