DEN posts EBITDA of Rs 59 cr in Q4

MUMBAI: Multi system operator (MSO) DEN Networks’ consolidated EBITDA for the quarter ended 31 March is Rs 59 crore compared to Rs 81 crore in the trailing quarter.

The company posted a net loss of Rs 10 crore compared as opposed to a net profit of Rs 2 crore in the trailing quarter.

Revenue for the quarter was Rs 316 crore compared to Rs 330 crore a quarter ago. Total expenditure increased to Rs 339.7 crore from Rs 325 crore.

For the full fiscal, DEN reduced its net loss to Rs 17 crore from Rs 183 crore in FY17. EBITDA increased 55% to Rs 283 crore as against Rs 183 crore in the previous fiscal.

EBITDA margin increased 600 basis points to 22%.

Revenue was up 13% at Rs 1287 crore compared to Rs 1142 crore. Cost increased 5% to Rs 1003 crore from Rs 958 crore. The company said that operational cost was 36% of the revenue compared to 43% in the previous fiscal.

Cable subscription revenue increased 22% driven 30% growth in DAS Phase III ARPU. Cable EBITDA increased to Rs 284 crore compared to Rs 194 crore.

Broadband EBITDA loss has reduced to Rs 1 crore compared to Rs 9 crore in the previous fiscal.

During the fourth quarter, the company undertook field trials of its 4K Android set top box (STB).

The company intends to roll-out hi-speed broadband to 100 cities. The first phase of expansion has begun in 15 cities.

The net debt of the company was Rs 157 crore.

DEN Networks CEO SN Sharma said, “We have been able to deliver consistent performance in our financial performance. All efforts are being pursued for further improving the subscription revenue across all phases to improve the margins.

“We continue to focus on data analytics for better customer experience by tying up with BARC, increasing HD penetration and new generation Android boxes will help improve the performance as well. The 100 cities fixed broadband plan is being rolled out which should help us improve our broadband footprint across our existing cable markets.”

You may be interested