Income from operations grew by 5.3 percent to Rs 633.6 crore in the quarter ended June 2014 from Rs 601.9 crore in same quarter last year.
South-based television broadcaster Sun TV Network missed street expectations with the first quarter (April-June) net profit rising 0.73 percent year-on-year to Rs 165.6 crore on slow growth in revenue and operational performance. Profit in the year-ago period was Rs 164.4 crore.
According to CNBC-TV18 poll estimates, analysts had expected the company to report net profit of Rs 190 crore on revenue of Rs 650 crore for the quarter.
Income from operations grew by 5.3 percent to Rs 633.6 crore in the quarter ended June 2014 from Rs 601.9 crore in same quarter last year.
"Subscription revenues continue to maintain uptrend with cable TV revenues growing by 15 percent and DTH subscription revenue rising by 21 percent over same quarter last year," said the company in its filing, adding advertising revenues increased marginally to Rs 280.42 crore.
Operating profit (EBITDA) rose by 4 percent on yearly basis to Rs 368 crore in the quarter gone by but margin declined 80 basis points to 58 percent, which both were lower than analysts' estimates of Rs 368 crore and 58.5 percent, respectively.
The stock closed at Rs 419.95, down Rs 2.05, or 0.49 percent on the Bombay Stock Exchange.
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