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DEN Networks' consolidated revenues at Rs 328 cr in Q2; up 24% YoY

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DEN Networks' consolidated revenues at Rs 328 cr in Q2; up 24% YoY

MSO Player DEN Networks reported a consolidated net profit of Rs 1.11 crore in the three months ended September led by cost optimisation measures, compared to its net loss of Rs 42 crore, in the same quarter during the previous fiscal.

The company witnessed a 24 per cent increase in its consolidated revenues to Rs 328 crore in second quarter of financial year 2017-18 as against Rs 264 crore last year in the same quarter.

The company's total expense in the second quarter stood at Rs 326.12 crore, up 0.64 per cent, as against Rs 324.03 crore in the same quarter of the previous fiscal.

Den has seeded close to 2.5 lakh boxes during the quarter.

Cable subscription revenues registered a growth of 24 percent in Q2’17-18 as compared to the same quarter in the previous financial year. Total cable revenues during the quarter are at Rs 308 crore as against Rs 243 crore in the same quarter in the previous year, up by 27 per cent. Cable EBITDA for the quarter is reported at Rs 83 crore from Rs 29 crore in Q2 FY17 owing to better subscription collections and rationalisation of costs.

Consolidated EBITDA of Rs. 82 crore does not include Rs. 13 crores of EBITDA pertaining to the entities which are not getting consolidated as per INDAS. On an overall business basis, the consolidated EBITDA is Rs. 95 crore.

SN Sharma, CEO, DEN Networks, commented, “Den has been able to improve operational performance consistently every quarter with constant focus on increasing the subscription collections on the ground with a much controlled cost base. By tying up with BARC India, Den has taken the initial steps to build world class analytics to understand and serves customers effectively. We are very confident of sustaining the current performance in future as well.”

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