Hot Pursuit     15-Jan-21
Den Network spurts after robust Q3 show
Den Network jumped 4.16% to Rs 70.10 after the cable distribution company posted 238.8% jump in consolidated net profit to Rs 65.57 crore on a 7.6% rise in net sales to Rs 342.18 crore in Q3 December 2020 over Q3 December 2019.
Profit before tax stood at Rs 57.47 crore in Q3 December 2020, a 47% increase over Rs 39.1 crore in Q3 December 2019. The company received a tax rebate of Rs 2.46 crore in Q3 December 2020 as against tax expense of Rs 26.8 crore in the same quarter last year.

Consolidated EBITDA grew by 12% year on year to Rs 65 crore in Q3 December 2020 from Rs 58 crore in Q3 December 2019. EBITDA margin slightly improved to 19% in Q3 December 2020 from 18% in Q3 December 2019.

On the operational front, subscription revenue fell 3% year on year to Rs 201 crore in Q3 December 2020. Placement/Marketing income grew by 22% YoY to Rs 106 crore in Q3 December 2020. Activation revenue jumped 58% to Rs 28 crore in Q3 December 2020 from Rs 18 crore in Q3 December 2019.

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

Previous News
  Den Networks consolidated net profit rises 6.80% in the June 2024 quarter
 ( Results - Announcements 16-Jul-24   07:29 )
  Den Networks Ltd gains for fifth session
 ( Hot Pursuit - 28-Nov-24   13:00 )
  Den Networks to announce Quarterly Result
 ( Corporate News - 07-Apr-23   16:11 )
  Den Networks consolidated net profit declines 30.70% in the December 2021 quarter
 ( Results - Announcements 19-Jan-22   08:26 )
  Den Networks to table results
 ( Corporate News - 06-Jan-24   11:37 )
  Den Networks consolidated net profit declines 3.55% in the December 2023 quarter
 ( Results - Announcements 12-Jan-24   17:51 )
  Den Networks reports consolidated net loss of Rs 31.21 crore in the December 2018 quarter
 ( Results - Announcements 16-Jan-19   10:30 )
  Den Networks Ltd spurts 6.81%, up for third straight session
 ( Hot Pursuit - 30-Oct-24   13:05 )
  Den Networks Ltd rose for a third straight session today
 ( Hot Pursuit - 09-Apr-18   13:05 )
  Den Networks Ltd rises for fifth straight session
 ( Hot Pursuit - 15-Nov-18   13:00 )
  Den Networks reports standalone net profit of Rs 0.24 crore in the December 2017 quarter
 ( Results - Announcements 16-Jan-18   16:37 )
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