Sony Pictures India’s FY23 net profit jumps 11% to Rs 1,042 crore
Culver Max Entertainment, which is also known as Sony Pictures Networks India (SPNI), has reported 11% growth in consolidated net profit at Rs 1,042 crore for the fiscal ended March 2023, compared to Rs 937 crore in the previous fiscal.
The company, which operates 26 TV channels and the SonyLIV streaming platform, has recorded revenue of Rs 6,684 crore, a 0.66% decline from Rs 6,746 crore last year. Total expenses fell 0.73% to Rs 5,553 crore from Rs 5,594 crore.