Cautious with dividend payout due to pandemic: SL Narayanan, Sun Group

You do not see a pandemic every other day, that is a reason why we went with a little bit of caution, said SL Narayanan, Group CFO, Sun Group to ET Now. Sun TV NSE 1.04 % has been under fire from investors after a cut in its FY21 annual dividends. In the past five years the company’s dividend payout ratio was at an average of 49 per cent, which has now reduced to 13 per cent during the past fiscal. Edited excerpts:

There has been strong subscription revenue growth and advertising revenue. What has been the impact of the pandemic on your quarterly performance and what has driven your numbers?