Cable TV

Den Network's profit run continues in FY-2014; topline rises

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/cable_tv_images/2014/05/31/DEN_Networks.jpg?itok=EoU6BjCj

BENGALURU: At a time when most companies involved in carrying television signals from the broadcaster to the consumer via cable have reported losses and are complaining about poor collections, Den Networks Ltd  (Den Networks) has reported profits, albeit slightly lower by 3.6 per cent as compared to last fiscal's.

The company's assets and liabilities show that its trade receivables in FY-2014 has gone up by 20.4 per cent to Rs 391.92 crore (35.1 per cent of Operating Revenue of Op Rev) as compared to the Rs 325.62 crore (35.6 per cent of Op Rev) in FY-2013 as is obvious, in terms of percentage of Operating revenue vis-a-vis the previous year, the percentage of trade receivables has dropped fractionally.

Den Networks reported a PAT of Rs 75.14 crore (6.7 per cent of Op Rev) for FY-2014, as compared to the PAT of Rs 77.94 crore (8.5 per cent of Op Rev) in FY-2014. In Q4-2014, the company reported a PAT of Rs 15.21 crore (5.04 per cent of Op Rev), lower by 5.4 per cent than the Rs 16.08 crore (5.9 per cent of Op Rev) during the immediate trailing quarter and 41.7 per cent lower than the Rs 26.08 crore (9.61 per cent of Op Rev) in Q4-2014.

On the topline front, Den Networks has crossed the Rs 1000 crore operating revenue mark in FY-2014. The company reported Op Rev of Rs 1116.69 crore which was 22.2 per cent more than the Rs 914.05 crore last fiscal. Op Rev for Q4-2014 at Rs 301.86 crore was 10 per cent more than the Rs 274.46 crore in Q3-2014 and 11.2 per cent more than the Rs 271.43 crore in the year ago quarter Q3-2013.

Here’s what the company has to say in its investor update:

The company’s income from operations in Q4-2014 at Rs 930.43 crore can be broken in to streams –Rs 281.69 crore from its cable business and Rs 648.65 crore from its distribution business. After cost of distribution rights of Rs 633.57 crore, net revenue from the segment along with other income is Rs 17.44 crore, while the net revenue from the cable including other income is Rs 308.23 crore. The cable business has shown a positive result before tax of Rs 11.78 crore, while its distribution business a negative result or loss of Rs 4.6 crore.

Consolidated Full Year EBITDA for FY-2014 was Rs 367.71 crore, a 52 per cent jump from Rs 242.70 crore in FY-2013. The Company says that it has incurred expenses of Rs 15 crore (approx) towards broadband and DAS Phase III and IV cities in this year, which have been considered in the EBITDA.

Full Year EBITDA for FY-2014 Rs 357.51 crore, a 54 per cent jump from Rs 231.72 crore in FY-2013 EBITDA margins stood at 32.1 per cent.

Subscribers and Set Top Box Deployment

In Q4-2014, Den Networks claims to have deployed 450,000 set top boxes.  It says that it now has digitised approximately 6.1 million homes of its total subscriber base of 13 million homes. The company says that it has an estimated analog base of 7 million homes in its Phase III and IV markets. It confirms that it is well capitalised to meet the deployment requirements of its existing analog subscriber base in these cities. 

Click here to read the full report

Click here for investor update

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/25/S-N-Sharma-800x800.jpg?itok=A9fYglSZ
Den demerger from Skynet approved, saving on AGR

MUMBAI: Cable television service-provider MSO Den Networks has stated that it has received shareholders' nod to demerge its broadband/internet service provider arm Skynet Cable Network. Den Networks, on 11 March 2017, wrote to the National Stock Exchange and the Bombay Stock Exchange Limited about...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/24/Sangeeta%20Roy_1.jpg?itok=-YnmzTxu
iconectiv's Sangeeta Roy named to WICT '17 rising leaders program

MUMBAI: iconectiv, an authoritative partner of the global communications industry connecting more than two billion people every day, has announced that Sangeeta Roy, head of technology operations, has been named to the 2017 Rising Leaders Program by the Women in Cable Telecommunications (WICT).

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/20/Cable%20tv-800x800.jpg?itok=anE4a5lP
Final phase STB seeding is 35% even as deadline nears

NEW DELHI: Even as the country has set a deadline of 31 March this year for full digitisation of cable TV, a Parliamentary Committee has been told that only 35 per cent seeding of set-top boxes (P-IV) has been achieved in rural India though the Parliament was told last week that 66.79 per cent (P...

Cable TV DAS
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/16/Rajyavardhan-Rathore%20%281%29.jpg?itok=1lAqmh4s
DAS deadline extension ruled out, govt claims 66% seeding done

The Government reiterated today that there was no question of extension of the final phase of digital addressable systems for cable television in the country.

Cable TV DAS
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/14/S%20N%20Sharma-01.jpg?itok=NQOq3jNc
DEN to vote on demerger of broadband biz

MUMBAI: DEN Networks, on 11 March 2017, wrote to the National Stock Exchange and the Bombay Stock Exchange Limited about the conclusion of court-convened meeting.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/10/panesar-wadhwa-ashok-sharma.jpg?itok=3YaZJ1ua
Entertainment tax: MSOs & LCOs must collect & pay, HC halts Delhi 'action'

MUMBAI: The Delhi High Court has held that MSOs (multi-system operators) and LCOs (local cable operators) distributing television signals to subscribers directly are liable to collect and pay entertainment to the government. The court’s decision came on pleas filed by four MSOs – Hathway Cable and...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/09/SN-Sharma-800x800new.jpg?itok=vI_rjaXf
DEN Digital Cable: Den Networks hikes stake to 88.57%

MUMBAI: Den Networks recently entered into a pact with DEN Digital Cable Network (DDCN) for increasing equity stake of the company in DDCN. Cable television multi-system operator (MSO) Den Networks has bought an additional 37.57 per cent shares in its subsidiary DEN Digital Cable Network,...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/08/SN-Sharma-800x800new.jpg?itok=6t-8nPe_
DEN is focused on upping subscription revenue & be future-ready: SN Sharma

In the Indian broadcast and cable industry, SN Sharma is regarded as a sharp planner, quick on the uptake and a `yaron ka yaar’ (a true friend). However, as with any successful corporate exec, Sharma too has had his share of critics throwing allegations; most of them have not stuck, though....

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/06/mib-minister.jpg?itok=84j0Rv8C
Faced with deadline, MIB says all provisional MSOs will be deemed regular

NEW DELHI: Faced with just less than one month to go before total switch-off of analogue signals, the Government today decided that all provisional multi-system operators will be deemed as having regular licence for ten years.

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories