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 Q1 PAT rises 7% YoY to Rs 45 cr
 ( Hot Pursuit - 16-Jul-24   12:01 )
  Den Networks Ltd soars 0.48%, gains for fifth straight session
 ( Hot Pursuit - 01-Feb-25   13:00 )
  Den Networks to convene board meeting
 ( Corporate News - 09-Jul-24   10:20 )
  Den Networks Ltd slips for fifth straight session
 ( Hot Pursuit - 27-Jan-25   13:35 )
  Den Networks reports standalone net profit of Rs 34.08 crore in the December 2019 quarter
 ( Results - Announcements 16-Jan-20   08:03 )
  Den Networks consolidated net profit rises 49.96% in the March 2021 quarter
 ( Results - Announcements 17-Apr-21   07:53 )
  Den Networks reports consolidated net profit of Rs 19.36 crore in the December 2019 quarter
 ( Results - Announcements 16-Jan-20   08:03 )
  Den Networks to announce Quarterly Result
 ( Corporate News - 07-Apr-23   16:11 )
  Den Networks Ltd drops for fifth straight session
 ( Hot Pursuit - 12-Feb-25   13:35 )
  Den Networks to conduct EGM
 ( Corporate News - 22-Oct-18   10:46 )
  Den Networks reports standalone net loss of Rs 57.31 crore in the June 2016 quarter
 ( Results - Announcements 14-Sep-16   21:11 )
Other Stories
  ZEN Technologies ends higher after receiving patent for long-pass optical filter
  30-Jun-25   18:44
  Torrent Pharma gains after inking pact to acquire majority stake in JB Chemicals & Pharma
  30-Jun-25   16:02
  Suditi Industries jumps 17% in seven days
  30-Jun-25   15:23
  J B Chemicals & Pharmaceuticals Ltd leads losers in 'A' group
  30-Jun-25   15:00
  Aimtron Electronics gains on inking Rs 98-crore ODM contract with US Firm
  30-Jun-25   14:52
  Sigachi Industries Ltd leads losers in 'B' group
  30-Jun-25   14:45
  Sigachi Industries drops after deadly explosion at Telangana facility
  30-Jun-25   14:32
  Volumes soar at Alembic Pharmaceuticals Ltd counter
  30-Jun-25   14:30
  HEC Infra secures Rs 3-cr work order from Ahmedabad Municipal Corporation
  30-Jun-25   14:26
  Jindal Steel commissions first galvanizing line at Angul Complex
  30-Jun-25   13:40
Back Top