Den Networks stock jumps 7.5% post Q1FY20 numbers

The company’s total income rose 13.1% to Rs365.29cr.

Jul 12, 2019 11:07 IST India Infoline News Service

Shares of Den Networks jumped over 7.5% on the BSE in the late morning trade post Q1FY20 numbers. The company reported a consolidated net profit of Rs11.23cr in Q1FY20 compared with a net loss of Rs30.7cr in Q1FY19. The company’s total income rose 13.1% to Rs365.29cr.

The company reported a 2% rise in the subscription revenue to Rs189cr in Q1 June 2019 over Q1 June 2018. The consolidated EBITDA fell by 11% to Rs41cr during the stated period. The finance cost reduced over the last 2 quarters mainly due to the improved credit rating and pre-payments of loans.

Den Networks Ltd is currently trading at Rs67.50, up by Rs4.75 or 7.57% from its previous closing of Rs62.75 on the BSE. The scrip opened at Rs65 and has touched a high and low of Rs69.85 and Rs62.10 respectively.

The BSE group 'B' stock of face value Rs10 has touched a 52 week high of Rs80.30 on 16-Oct-2018 and a 52-week low of Rs45.10 on 23-Jul-2018. Last one week high and low of the scrip stood at Rs64.65 and Rs54.10 respectively.

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