Den Networks gains as Q2 PAT rises 20% YoY to Rs 47 Cr

14 Oct 2022 , 12:28 PM

Consolidated profit before tax jumped 25.9% to Rs 48.57 crore in Q2 FY23 from Rs 38.57 crore in Q2 FY22. Total expenses declined 11.43% to Rs 277.92 crore in Q2 FY23 over Q2 FY22. EBITDA dropped 25% to Rs 38 crore in Q2 FY23 from Rs 50 crore posted in the same quarter previous year. EBITDA margin decreased to 13% in Q2 FY23 compared with 16% in Q2 FY22. As on Q2 FY23, cash and cash equivalents stood at Rs 2,580 crore. The companys revenue from cable distribution network business stood at Rs 276.6 crore (down 10.1% YoY) while its revenue from broadband business was at Rs 10.6 crore (down 38.35% YoY) during the period under review. Subscription revenues fell 1% QoQ and 13% YoY to Rs 159 crore in the quarter ended September 2022. Placement/Management income increased by 15% QoQ and 2% YoY to Rs 100 crore while Activation revenues declined by 31% QoQ and 37% YoY to Rs 13 crore in the quarter ended September 2022. Den Networks is a leading Cable TV distribution company in the country with a wide gamut of services. DENs Cable operations covers over 500+ cities/towns across 13 key states (Delhi ,Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand) in India.Powered by Capital Market – Live News