India

Sony India’s FY24 net profit drops 19%, hit by decline in ad revenue

Culver Max Entertainment, operating as Sony Pictures Networks India (SPNI), has reported a significant 19 percent drop in consolidated net profit, falling to Rs.839 crore for the fiscal year ending March 31, 2024. The company’s revenue from operations declined by 3 percent to Rs.6,510 crore, driven by a notable slump in advertising revenue, w...