DEN Networks posts consolidated net profit of Rs 10 cr in Q2
MUMBAI: Multi system operator (MSO) DEN Networks has posted a consolidated net profit of Rs 10 crore during the quarter ended 30th September. This is less than the Rs 14 crore net profit that the company reported in Q1 FY20.
Buoyed by the Telecom Regulatory Authority of India’s (TRAI) new tariff regime, the company has reported a net profit for the second consecutive quarter.
The company’s operating profit jumped 17% to Rs 48 crore compared to Rs 41 crore in the trailing quarter. Revenue expanded 6% to Rs 332.4 crore as against Rs 313.2 crore. Total cost jumped 5% to Rs 284 crore from Rs 272 crore.
The company’s net profit from the cable TV business stood t Rs 15 crore compared to Rs 20 crore in the trailing quarter. EBITDA increased 17% to Rs 48 crore as against Rs 41 crore.
Cable TV revenue increased 7% to Rs 315 crore from Rs 295 crore. Subscription revenue was up 4% to Rs 178 crore. Placement revenue declined 9% to Rs 88 crore. Activation revenue increased 27% to Rs 29 crore.
Total cost jumped 5% to Rs 267 crore from Rs 255 crore. Content cost remained flat at Rs 159 crore.
Broadband business net loss increased by 2% to Rs 5 crore. EBITDA remained flat at Rs 1 crore. Revenue declined 3% to Rs 18 crore. Total cost remained unchanged at Rs 17 crore.
DEN’s Cable & Broadband operations covers over 500+ cities/towns across 13 key states Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh, and Uttarakhand.
The company has currently enabled Fixed Broadband services across 47 Cities/Towns in India.