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On a consolidated basis net sales declined 6.98% to Rs 303.46 crore in Q4 FY22 as compared to Rs 326.23 crore reported in the same period last year.
Profit before tax in Q4 FY22 stood at Rs 50.41 crore, up by 54.46% from Rs 32.63 crore in Q4 FY21.
Total expenses decreased 12.68% YoY to Rs 281.33 crore in Q4 FY22 over Q4 FY21.
On a full year basis, the company reported a 9.45% decrease in net profit to Rs 171.07 crore on a 6.26% fall in net sales to Rs 1225.59 crore in FY22 over FY21.
Den Networks is a leading cable TV distribution company in the country with a wide gamut of services including Cable TV and Broadband. Its cable operations covers over 500+ cities/towns across 13 key states (Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand) in India.
Shares of Den Networks lost 1.18% to close at Rs 42 on BSE, Friday, 13 April 2022
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