Star India’s FY23 profit declines 31 pc to Rs 1,272 crore, revenue rises 6 pc to Rs 19,856 crore

Broadcast major Star India’s consolidated net profit declined 30.62 per cent to Rs 1,272.15 crore in the financial year ended on March 31, 2023, showed data accessed by business intelligence platform Tofler.

However, its revenue from operation in FY23 increased by 6.15 per cent to Rs 19,856.86 crore.

In the preceding financial year (FY22), Star India’s net profit was at Rs 1,833.81 crore and its revenue from operation was at Rs 18,704.66 crore.

The total income of Star India, which is owned by US-based global media major Walt Disney Company, was at Rs 20,698.64 crore in FY23, up 8.6 per cent year on year.