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DEN Networks has posted net profit of Rs 114.3 million from its cable TV business in the three months through June, up 13 times from the year-ago quarter profit of Rs 8.7 million.
Income from operations was up 23 per cent to Rs 1.84 billion from Rs 1.49 billion a year earlier.
Revenue climbed 21 per cent to Rs 1.90 billion while expenditure was 9 per cent higher at Rs 1.43 billion.
The Sameer Manchanda-promoted Cable TV services company said its operating profit before forex losses of Rs 23.7 million in the first quarter ended June 30 2012 was Rs 461.9 million, up 77 per cent from Rs 261.2 million. The company’s Ebidta margin stood at 24.3 per cent in the first quarter against 16.6 per cent a year earlier.
DEN Networks CEO S N Sharma said, “The quarter gone by has been very satisfactory for Den and we have (also) made rapid progress in digitisation. We expect the business to continue to exhibit strong growth momentum in the coming quarters and we are looking forward to the 31 October deadline for Phase 1 of digitisation.”
Income from operations was up 23 per cent to Rs 1.84 billion from Rs 1.49 billion a year earlier.
Revenue climbed 21 per cent to Rs 1.90 billion while expenditure was 9 per cent higher at Rs 1.43 billion.
The Sameer Manchanda-promoted Cable TV services company said its operating profit before forex losses of Rs 23.7 million in the first quarter ended June 30 2012 was Rs 461.9 million, up 77 per cent from Rs 261.2 million. The company’s Ebidta margin stood at 24.3 per cent in the first quarter against 16.6 per cent a year earlier.
DEN Networks CEO S N Sharma said, “The quarter gone by has been very satisfactory for Den and we have (also) made rapid progress in digitisation. We expect the business to continue to exhibit strong growth momentum in the coming quarters and we are looking forward to the 31 October deadline for Phase 1 of digitisation.”
