Cable TV

Den Networks reports growth in operational and subscription revenue for Q2-2015

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/cable_tv_images/2014/11/14/DEN_Networks.jpg?itok=tZcjBnpA

BENGALURU: Den Networks Ltd (Den Networks) reported   that its cable business operational revenues stood at Rs 286.22 crore, up 11 per cent y-o-y from Rs 258.06 crore in Q2-2014 and that its cable business subscription revenues for Q2-2015 were Rs 146.75 crore, up 49.2 per cent y-o-y from Rs 98.34 crore in Q2-2014.

Note: 100,00,000 = 100 lakh = 10 million = 1 crore

Den Networks Total Income from Operation (TIO) at Rs 291.72 crore in the current quarter fell 2.4 per cent from Rs 298.81 crore in the immediate trailing quarter and was 7.3 per cent more than the Rs 271.87 crore in Q2-2014. TIO in HY-2015 at Rs 590.53 crore was 9.2 per cent more than the Rs 540.57 crore in HY-2014.

Den Networks recently launched its high speed broadband and says that the service is gaining great traction and has achieved 9,600 subscribers at an average ARPU of Rs 740 per month.

The company also says that its joint venture (JV) with Snapdeal.com has been received extremely well. Within the first month, Den Networks claims that the company has clocked an annualised Gross Merchandise Value (GMV) in excess of Rs 50 crore based on the annualised latest daily run rate and is expected to scale significantly as the channel gets distributed across networks.

Den Networks COO M G Azhar said, “We are pleased with the overall company’s financial performance as the company continues to invest in transforming from B2B to B2C environment. The Company has started seeing traction in its recently launched broadband services and also in the Den Snapdeal home shopping channel.”

Let us look at the other numbers reported by Den Networks

Total Expense (TE) in Q2-2015 at Rs 297.81 crore (102.1 per cent of TIO) was 4.5 per cent more than the Rs 284.93 crore (95.4 per cent of TIO) in Q1-2015 and 32.7 per cent more than the Rs 224.43 crore (82.6 per cent of TIO) in Q2-2014. HY-2015 TE at Rs 582.74 crore (98.7 per cent of TIO) was 28.3 per cent more than the Rs 454.12 crore in HY-2014.

The company’s content cost in Q2-2015 at Rs 108.91 crore (37.3 per cent of TIO) was 2.3 per cent more than the Rs 106.42 crore (35.6 per cent of TIO) and was 20.3 per cent higher than the Rs 90.54 crore (33.3 per cent of TIO) in Q2-2014. For HY-2015, content cost at Rs 215.33 crore (36.5 per cent of TIO) was 22.7 per cent more than the Rs 175.55 crore (32.5 per cent of TIO) in HY-2014.

The company’s operational, administrative and other costs (admin cost) in Q2-2015 at Rs 78.61 crore (26.9 per cent of TIO) was 11.6 per cent more than the Rs 70.47 crore (23.6 per cent of TI) in Q1-2015 and 18.5 per cent more than the Rs 66.34 crore (24.4 per cent of TIO) in Q2-2014. Admin cost for HY-2015 at Rs 149.08 crore was (25.2 per cent of TIO) was 3.1 per cent more than the Rs 144.66 crore (26.8 per cent of TIO) in HY-2014.

The company reported a loss of Rs 20.45 crore in Q2-2015 versus a PAT of Rs 1.12 crore (0.37 per cent of TIO) in Q1-2015 and a PAT of Rs 11.18 crore (4.1 per cent of TIO) in Q2-2014. The company reported loss at Rs 19.33 crore in HY-2015 as compared to a PAT of Rs 21.33 crore in HY-2014.

The company’s EBIDTA (without considering other income) in Q2-2015 fell 28.4 per cent to Rs 40.94 crore (14 per cent of TIO) from Rs 57.16 crore (19.1 per cent of TIO) in Q1-2015 and fell 51.5 per cent from the Rs 84.48 crore (31.1 per cent of TIO). As per Den Networks investor presentation for the current quarter, its broadband service has eroded Rs 10 crore and its soccer franchise Delhi Dynamos has eroded another Rs 5 crore from Q2-2015 EBIDTA.

Other Income for the periods under consideration is as follows: Q2-2015 – Rs 22.47 crore; Q1-2015 – Rs 18.65 crore; Q2-2014 – Rs 4.71 crore; HY-2015 Rs 41.12 crore; HY-2014 – Rs 11.4 crore.

Click here for the investor update

Click here for the press release

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/27/HIGH-court-SN-Sharma-800x800.jpg?itok=ABOfdPIG
Don't compete with Den Enjoy, Delhi HC restrains two MSOs

NEW DELHI: The Delhi High Court has restrained Omeshwar Singh and UCS Broadband Company from "commencing any business which directly competes with the business" of M/s Den Enjoy Cable Networks Private Limited till the next date of hearing. Justice Vibhu Bakhru also ‘directed’ Den Enjoy to "take the...

Cable TV Multi System Operators
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

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories