HomeMarket NewsStocks NewsDEN Networks Q3 Results | Net profit slips 15% to ₹40 crore, revenue down 5% to ₹261 crore
EBITDA shrank 32% to ₹27.6 crore in the third quarter of this fiscal over ₹40.6 crore in the corresponding period of the previous fiscal. Shares of DEN Networks Ltd ended at ₹38.34, down by ₹2.71 or 6.60%, on the BSE.
Cable TV services provider Den Networks Ltd on Monday (January 13) reported a 14.6% year-on-year (YoY) decline in net profit at ₹40.3 crore for the third quarter that ended December 31, 2024.
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In the corresponding quarter of the previous fiscal, DEN Networks posted a net profit of ₹47.2 crore, the company said in a regulatory filing. The company’s revenue from operations dipped 4.5% to ₹260.7 crore against ₹273 crore in the corresponding period of the preceding fiscal.
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At the operating level, EBITDA shrank 32% to ₹27.6 crore in the third quarter of this fiscal over ₹40.6 crore in the corresponding period in the previous fiscal. The EBITDA margin stood at 10.6% in the reporting quarter compared to 14.9% in the year-ago period. EBITDA is earnings before interest, tax, depreciation, and amortisation.
DEN Networks reported zero gross debt and healthy cash balances of ₹3,089 crore. The company also achieved an impressive 96% online collection rate, including contributions from its subsidiaries.
The results came after the close of the market hours. Shares of DEN Networks Ltd ended at ₹38.34, down by ₹2.71 or 6.60%, on the BSE.
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(Edited by : Shoma Bhattacharjee)
