DEN Networks sees Rs 14cr as consolidated net profit in Q1
The total revenue of the network has jumped 14% to Rs 313 crore
DEN Networks has released its financial results for quarter ended June 30. The cable TV and broadband service provider has posted Rs 14 crore as its consolidated net profit and net loss of Rs 213 crore in the trailing quarter, as per news reports.
In the previous FY’s corresponding quarter, DEN’s net loss stood at Rs 28 crore.
As per reports, the company’s EBITDA was up 10 per cent QoQ to Rs 41 crore from Rs 38 crore in Q4 FY19. In the previous fiscal, it stood at Rs 47 crore.
EBITDA margin stood at 13% compared to 14% in Q4 FY19 and 15% in Q1 FY19. The subscription revenue has increased by 7% QoQ to Rs 189 crore compared to Rs 176 crore in the trailing quarter. In the same period of the previous fiscal, the subscription revenue stood at Rs 186 crore.
The total revenue jumped 14% to Rs 313 crore from Rs 275 crore. In the year ago period, the revenue was Rs 314 crore.
The company posted a net profit of Rs 20 crore from the cable business as against a net loss of Rs 193 crore in the trailing quarter.
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