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Den Networks shoots up after Q4 PAT rises 8%

Business Finance

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Den Networks hit an upper-circuit of 5% at Rs 41 on BSE after consolidated net profit rose 8.06% to Rs 24.66 crore on a 20.02% jump in net sales to Rs 327.80 crore in Q4 March 2020 over Q4 March 2019.

On a consolidated basis, revenue from cable network distribution business grew 21.58% to Rs 310.18 crore in Q4 March 2020 compared with Rs 255.11 crore in Q4 March 2019. Revenue from broadband business declined 2.11% to Rs 17.61 crore in Q4 March 2020 as against Rs 17.99 crore in Q4 March 2019. The result was declared after trading hours yesterday, 21 April 2020.

Consolidated net profit stood at Rs 69.96 crore for the year ended on 31 March 2020 (FY20) compared with net loss of Rs 277.48 crore in the year ended as on 31 March 2019 (FY19). Net sales rose 7.08% to Rs 1,291.45 crore in FY20 over FY19.

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.)

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First Published: Wed, April 22 2020. 10:43 IST