Den Networks Ltd's Q3FY25 Quarter Results
- 14 Jan 2025
Result Summary
- Den Networks Ltd reported a 0.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 2.5%.
- Its expenses for the quarter were up by 4.3% QoQ and down 0.4% YoY.
- The net profit decreased 18.8% QoQ and decreased 12.4% YoY.
- The earnings per share (EPS) of Den Networks Ltd stood at 0.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 315.79 | 318.26 | 323.85 | -0.8% | -2.5% |
Total Expenses | 259.97 | 249.17 | 260.96 | 4.3% | -0.4% |
Profit Before Tax | 55.82 | 69.09 | 62.89 | -19.2% | -11.2% |
Tax | 13.54 | 17.24 | 14.04 | -21.5% | -3.6% |
Profit After Tax | 41.93 | 51.65 | 47.85 | -18.8% | -12.4% |
Earnings Per Share | 0.80 | 1.10 | 1.00 | -27.3% | -20.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Den Networks Ltd is a leading cable TV distribution company in India. The company delivers a range of channels and services across multiple states through its robust cable network. The company is part of the Reliance Industries group and has been a key player in the digital cable television industry. It offers a variety of services including digital cable television, broadband services and OTT (Over-the-top) services. The recent years have seen the company expand its broadband services and invest in upgrading its technology infrastructure to provide superior services to its customers.
Revenue
In Q3FY25, Den Networks Ltd reported a total income of ₹315.79 crores. This represents a decrease of 0.8% from the previous quarter (Q2FY25), where the total income was ₹318.26 crores. On a year over year basis, the total income dropped by 2.5% from ₹323.85 crores in Q3FY24. This suggests that the company's revenue generation has encountered some challenges in the recent quarters.
Profitability
The company's Profit Before Tax (PBT) for Q3FY25 was ₹55.82 crores, a decline of 19.2% from the previous quarter's ₹69.09 crores. The year over year comparison also shows a decrease of 11.2% from Q3FY24 when the PBT was ₹62.89 crores. Profit After Tax (PAT) stood at ₹41.93 crores in Q3FY25, showing a decrease of 18.8% QoQ and 12.4% YoY. This indicates that despite the challenging environment, the company has managed to maintain its profitability, albeit at a lower level compared to previous periods.
Operating Metrics
The company's total expenses for the quarter Q3FY25 were ₹259.97 crores, which is an increase of 4.3% from the last quarter and a slight decrease of 0.4% YoY. The Earnings Per Share (EPS) for Q3FY25 was ₹0.80, showing a decrease of 27.3% QoQ and 20.0% YoY. The decrease in EPS is in line with the decrease in profitability metrics. The tax expense for the quarter was ₹13.54 crores, a decrease of 21.5% from the previous quarter and 3.6% lower YoY. This suggests that the company's operational efficiency may have taken a hit during the quarter.
