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 7.88% in the December 2022 quarter
 ( Results - Announcements 13-Jan-23   07:35 )
  Den Networks to table results
 ( Corporate News - 08-Oct-21   10:44 )
  Den Networks to convene AGM
 ( Corporate News - 26-Aug-21   17:44 )
  Den Networks Ltd spurts 6.81%, up for third straight session
 ( Hot Pursuit - 30-Oct-24   13:05 )
  Den Networks to hold AGM
 ( Corporate News - 24-Aug-19   14:03 )
  Den Networks consolidated net profit declines 29.84% in the June 2021 quarter
 ( Results - Announcements 17-Jul-21   07:47 )
  Den Networks consolidated net profit rises 422.26% in the June 2020 quarter
 ( Results - Announcements 21-Jul-20   07:51 )
  Den Networks reports standalone net profit of Rs 0.24 crore in the December 2017 quarter
 ( Results - Announcements 16-Jan-18   16:37 )
  Den Networks gains after Q2 PAT rises 14% YoY to Rs 52 cr
 ( Hot Pursuit - 11-Oct-24   12:38 )
  Den Networks to declare Quarterly Result
 ( Corporate News - 10-Apr-21   10:12 )
  Den Networks consolidated net profit rises 149.73% in the September 2020 quarter
 ( Results - Announcements 15-Oct-20   07:59 )
Other Stories
  Wendt (India) tanks as foreign promoter plans exit via OFS
  15-May-25   17:12
  Alembic Pharma rises on USFDA approval for Rivaroxaban Tablets
  15-May-25   16:36
  SSWL declines as Q4 PAT tumbles 88% YoY to Rs 61 cr
  15-May-25   15:44
  Saregama India gains after Q4 PAT climbs 12% YoY to Rs 60 cr
  15-May-25   15:29
  Apar Inds rises over 15% in two days on strong Q4 results
  15-May-25   15:27
  Cochin Shipyard spurts as Q4 PAT jumps 11% YoY to Rs 287 crore
  15-May-25   15:10
  Muthoot Finance Ltd leads losers in 'A' group
  15-May-25   15:00
  Persistent Systems tumbles as key US client faces criminal probe
  15-May-25   14:48
  Wendt India Ltd leads losers in 'B' group
  15-May-25   14:45
  ITC Hotels registers 20% YoY increase in Q4 PAT
  15-May-25   14:42
Back Top