Digitisation drive boosts DEN Networks’ FY13 revenues
While we are in the early stages of transition, the benefits of digitisation for all stakeholders are already becoming evident, says SN Sharma, CEO, DEN Networks
DEN Networks has reported consolidated revenues at Rs 934.64 crore for the financial year ended March 31, 2013. Consolidated FY13 EBITDA jumped 94 per cent Y-o-Y to Rs 242.70 crore, while profit after tax leapt 336 per cent Y-o-Y to Rs 62.31 crore.
Consolidated revenues for Q4 FY13 stood at Rs 281.06 crore, while Q4 consolidated EBITDA jumped 145 per cent Y-o-Y to Rs 87.69 crore. Consolidated profit after tax for Q4 FY13 jumped 288 per cent Y-o-Y to Rs 17.33 crore.
SN Sharma, CEO, DEN Networks remarked, “The ongoing digitisation drive is leading to a massive transformation across the Indian television value chain. While we are in the early stages of this transition, the benefits of digitisation for all stakeholders are already becoming evident and our performance during the past quarter reflected this. As digitisation is shifting the focus of the industry to the consumer, we are well positioned to offer even more variety and choice to our subscribers to cement the relationship with them.”
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