Sun TV Network Limited Q2 FY27 PAT forecast to fall 44.5%

Sun TV Network Limited is scheduled to consider its Q2 FY27 financial results on October 30, 2026, with ICICI Securities estimating net profit of ₹476.5 crore, a 44.5% year-on-year decline. The estimate follows a stronger Q1 FY27, when Sun TV Network reported consolidated revenue of ₹1,457.88 crore and net profit of about ₹619 crore.

What is Sun TV Network expected to report for Q2 FY27?

Sun TV Network is estimated by ICICI Securities to report a consolidated net profit of ₹476.5 crore for the July-September 2026 quarter. This would represent a 44.5% decline from the comparable quarter a year earlier and a 22.1% fall from the preceding June 2026 quarter. These are brokerage projections and not the company's reported financial results.

The brokerage has forecast net sales of ₹887 crore, down 24.1% year-on-year and 37.7% quarter-on-quarter. EBITDA is estimated at ₹533.3 crore, implying a 28.9% year-on-year decrease and a 27.2% sequential decline. The projected fall in sales is larger than the expected fall in EBITDA, based on the estimates provided.

Sun TV Network's board meeting is scheduled for October 30, 2026, to consider and approve unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2026. The board will also consider an interim dividend, if any. The company had separately announced the closure of its trading window from October 1 until 48 hours after the results are declared.

How did Sun TV Network perform in Q1 FY27?

Sun TV Network reported consolidated net sales of ₹1,457.88 crore and net profit of about ₹619 crore in the June 2026 quarter. Operating profit, excluding other income, was ₹735.30 crore. The quarterly results data also showed earnings per share of ₹15.70.

Another reported summary of the first quarter placed revenue at ₹16.3 billion, net income at ₹6.19 billion and EPS at ₹15.71. It said revenue rose 27% year-on-year, net income increased 17%, and EPS improved from ₹13.43 in the prior-year quarter. The same summary said revenue exceeded analyst estimates by 7.2% and EPS surpassed estimates by 31%.

However, the reported profit margin in that summary fell to 38% from 41% in the corresponding prior-year quarter, attributed to higher expenses. The quarterly-results tables show net profit of ₹612 crore on a standalone basis and ₹619 crore on a consolidated basis for June 2026, underlining the importance of distinguishing between reporting bases when comparing figures.

Why are the Q2 FY27 estimates important for investors?

The Q2 FY27 estimates are important because they point to a sharp sequential change after Sun TV Network's June-quarter performance. Estimated net sales of ₹887 crore would be substantially below Q1 FY27 consolidated sales of ₹1,457.88 crore, while estimated net profit of ₹476.5 crore would be lower than the approximately ₹619 crore reported in Q1.

The company has shown meaningful quarterly variation in revenue and profitability. Consolidated sales were ₹1,458 crore in June 2026, compared with ₹883 crore in March 2026 and ₹862 crore in December 2025. Consolidated net profit was ₹619 crore in June 2026, following ₹232 crore in March 2026 and ₹324 crore in December 2025.

For investors, the October 30 release will provide the reported figures against which ICICI Securities' projections can be assessed. The announcement may also clarify the company's interim-dividend decision, since this matter is part of the board's stated agenda. No final conclusion on quarterly earnings can be drawn from estimates alone.

How does the forecast compare with Sun TV Network's earlier results?

Sun TV Network's earlier quarterly results show that higher revenue has not always resulted in higher margins. In the September 2025 quarter, consolidated sales were ₹1,300 crore and net profit was ₹355 crore, compared with sales of ₹1,290 crore and net profit of ₹529 crore in June 2025. This demonstrates the role that expenses and operating conditions can play in quarterly profitability.

For the September 2025 quarter, a reported earnings summary said revenue rose 54% year-on-year to ₹14.4 billion, while net income declined 13% to ₹3.54 billion. Profit margin was reported at 25%, down from 44% a year earlier, with higher expenses identified as the reason for the margin decline. Revenue exceeded analyst estimates by 26%, but EPS missed estimates by 30%.

The supplied data also cites a forecast that Sun TV Network's revenue could grow at an average 2.8% annually over the next three years, compared with an 11% growth forecast for India's media industry. This is an external forecast rather than company guidance, but it provides context for why the upcoming reported sales trend will be closely watched.

Conclusion

Sun TV Network enters its Q2 FY27 board meeting after reporting a strong June quarter but facing estimates for lower sales, EBITDA and net profit in the September quarter. ICICI Securities' projected ₹476.5 crore profit would mark a 44.5% year-on-year decline, while the company has yet to release its final results.

The next item to watch is Sun TV Network's October 30, 2026 board announcement covering unaudited Q2 and first-half FY27 results. Investors will also watch whether the board declares an interim dividend, as stated in the meeting intimation.