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HomeNewsCable NewsDEN Network registers impressive growth in its Q3 consolidated operating profit
Wednesday, 15 January 2020 05:18

DEN Network registers impressive growth in its Q3 consolidated operating profit

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DEN Network, the leading cable TV and broadband service provide, has registered an impressive growth in its consolidated operating profit for Q32, as it has jumped 20% to Rs 58 crore from Rs 48 crore in the trailing quarter.

Its net profit for the quarter stood at Rs 12 crore as against Rs 10 crore a quarter ago. The consolidated revenue for the quarter was Rs 318 crore compared to Rs 332 crore in Q2. Subscription revenue registered 5% growth on QoQ basis to Rs 206 crore. Placement revenue remained flat at Rs 87 crore compared to Rs 88 crore. Activation revenue came down to Rs 18 crore from Rs 29 crore.

DEN’s cost for the quarter was down by 9% to Rs 260 crore compared to Rs 284 crore. Content costs fell 11% to Rs 142 crore from Rs 159 crore. Also, its cable business posted a net profit of Rs 18 crore compared to Rs 15 crore. EBITDA jumped 20% to Rs 57 crore from Rs 48 crore. Cable revenue stood at Rs 300 crore compared to Rs 315 crore in Q2. Subscription revenue moved up 6% to Rs 189 crore. Total costs declined 9% to Rs 243 crore.

Its broadband business net loss stood at Rs 5.5 crore compared to Rs 5.4 crore. EBITDA was up 28% at Rs 80 lakh from Rs 60 lakh. Revenue remained flat at Rs 17.6 crore while costs dropped marginally to Rs 16.8 crore.

At present, DEN’s Cable & Broadband services are available in 500+cities across 13 States.

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