You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Den Networks gains after strong Q2 result

Capital Market 

Den Networks rose 1.89% to Rs 88.75 after the company's consolidated net profit jumped 284% to Rs 37 crore on 2% rise in revenue to Rs 338 crore in Q2 September 2020 over Q2 September 2019.

The result was announced after market hours yesterday, 14 October 2020.

Consolidated EBITDA grew by 30% year on year (YoY) to Rs 62 crore in Q2 September 2020. EBITDA margin improved to 19% in Q2 September 2020 from 15% in Q2 September 2019.

Den Networks is a leading Cable TV Distribution company in the country with a wide gamut of services including Cable TV and Broadband.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, October 15 2020. 09:22 IST