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Den Networks rallies after turnaround Q3 figures

Capital Market 

Den Networks rose 3.80% to Rs 57.40 after reporting consolidated net profit of Rs 19.36 crore in Q3 December 2019 compared with net loss of Rs 32.38 crore in Q3 December 2018.

Consolidated profit before tax (PBT) stood at Rs 39.10 crore in Q3 December 2019 as against a loss of Rs 26.45 crore in Q3 December 2018.

Net sales rose 3.1% to Rs 318.08 crore in Q3 December 2019 over Q3 December 2018. The Q3 result was declared after trading hours yesterday, 15 January 2020.

Consolidated EBITDA jumped 22% to Rs 58 crore in Q3 December 2019 as against Rs 47 crore in Q3 December 2018. The EBITDA margin also improved 300 bps to 18% in Q3 December 2019 over 15% in Q3 December 2018.

Consolidated subscription revenue jumped 9% to Rs 206 crore in Q3 December compared with Rs 189 crore in Q3 December 2018.

Den Networks is a cable TV distribution company incorporated in 2007 and headquartered in New Delhi. It provides a wide gamut of services including Cable TV and Broadband. DEN's Cable & Broadband operations cover over 500 cities and towns across 13 key states, i.e. Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand.

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

First Published: Thu, January 16 2020. 10:57 IST
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