Top Story

e4m_logo.png

Home >> Media - TV >> Article

Den Networks posts net loss of Rs.52 crore as cable distribution business revenues decline by almost 15%

04-August-2015
Font Size   16
Den Networks posts net loss of Rs.52 crore as cable distribution business revenues decline by almost 15%

Den Networks unveiled its first quarter results which saw a dip in the total revenues of the MSO and broadband network provider. The total revenue had declined by 11.1% to Rs.265.6 crore in Q1FY2016 from Rs.298.8 crore in Q1FY2015. It also declined by 1.7% in comparison to the previous Q4FY2015 quarter which stood at Rs.270.3 crore.

The company posted a net loss of Rs.51.89 crore in Q1FY2015. However, in Q1FY2015 it managed to post a net profit of Rs.1.12 crore. The net loss during the first quarter was however lower than the net loss incurred by the company in Q4FY2015 which was to the tune of Rs.62.03 crore. Apart from the drop in revenue the rise in content costs as much as 28% during the first quarter contributed to the net loss incurred by the company. Placement fees also almost doubled from Rs.5 crore in Q1FY2015 to Rs.9 crore in Q1FY2016.

The company saw a decline in revenues of almost 15% from its main cable distribution network business. Den Networks cable distribution network segment saw a decline in revenues of 14.7% in Q1FY2016 as it posted revenues of Rs.259.46 crore from Rs.297.75 crore in Q1FY2016. The revenues were also lower by 2.8% in comparison to Q4FY2015 where it stood at Rs.266.88 crore.

However, the broadband segment business of the company saw a massive growth in revenues as much as four times since the corresponding quarter last year. In Q1FY2016 the broadband business increased its revenues to Rs.5.21 crore from Rs.1.06 crore in Q1FY2015. The broadband segment revenues also increased by 51.8% since Q4FY2015 which had posted a revenue of Rs.3.43 crore. Den Networks also received Rs.93 lakh from its soccer segment business which was not there in the previous quarter.     

Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

WhatClicks promises to be an unbiased, objective, third-party audit firm that will work with advertisers and agencies alike to help build an effective and integrated digital strategy.

V-Guard Industries, a household name for consumer electrical appliances in India, has revamped its logo in order to reflect the strength gained by the brand over the years. The company has also unveil...

The report reveals that there has been nearly 5 times more growth in video consumption in the last 12 months, with 96 percent of all usage being focused on long form video