Sun TV shares climb nearly 4% as IPL valuation optimism eclipses weak Q3 results
Loading more articles...
Sun TV Shares Surge 4% Despite Weak Q3, IPL Valuation Fuels Optimism
C
CNBC TV18•09-02-2026, 10:50
Sun TV Shares Surge 4% Despite Weak Q3, IPL Valuation Fuels Optimism
•Sun TV Network shares rose nearly 4% on Monday, breaking a four-session losing streak, despite a muted operating performance in Q3FY26.
•Q3 revenue increased 4% YoY to ₹862.2 crore, but EBITDA declined 5.6% due to a 47% surge in other expenses, impacting profitability.
•Net profit for the quarter fell 10.7% YoY to ₹324 crore, also affected by an exceptional charge related to new labor code changes.
•Optimism stems from the re-rating of IPL assets; SunRisers Hyderabad's implied valuation is estimated at ₹7,700–₹8,550 crore.
•Analysts see potential upside, with SRH's contribution potentially accounting for 30% of Sun TV's group valuation, despite operational drags like advertising revenue and rising expenses.
