Cable TV

Q3-17: Den Networks reports higher ARPUs, subscription revenue & operating profits

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2017/01/24/SN-SHARMA-800x800.jpg?itok=-CwSenMg

BENGALURU: Following the 26.7 percent year-over-year (y-o-y) increase in the previous quarter, multiple-systems operator (MSO) Den Networks Limited (Den) reported 29.7 percent y-o-y increase in consolidated Total Income from operations (TIO) for the quarter ended December 31, 2016 (Q3-17, current quarter) as compared to the corresponding year ago quarter (Q3-16). The company also reported a 75.1 percent quarter-over quarter (q-o-q) increase in consolidated operating profit (EBIDTA) to Rs 50.34 crore (18.7 percent margin) from Rs 28.75 crore (10.6 percent margin) in the current quarter. In the corresponding year ago quarter Den had reported an operating loss (negative EBIDTA) of Rs 39.56 crore. Den’s TIO for the current quarter was Rs 298.83 crore as compared to Rs 230.39 crore in Q3-16. EBIDTA including other income was Rs 62.60 crore (22.3 percent margin of TIO) in Q3-17 as opposed to an operating loss (including other income) of Rs 27.03 crore in Q3-16.

Further the company reported lower losses for the current quarter as compared to the corresponding year ago quarter. Net loss after tax (PAT) reduced to Rs 45.19 crore in Q3-17 as compared to a loss of Rs 87.39 crore in Q3-16. Total Comprehensive Income (TCI) improved to a negative Rs 44.39 crore in Q3-17 as compared a negative Rs 87.18 crore in Q3-16.

Said DEN Networks CEO SN Sharma: “The company continues to improve on cable subscription billing on a quarter on quarter basis. ARPU (including taxes) for DAS 1, 2 and 3 markets stood at Rs 125, Rs. 95 and Rs. 64 per box respectively which reflects on improvement of 11 per cent , 6 per cent and 23 per cent respectively on Q-o-Q basis , with a strong collection efficiency at 95 per cent ."

Sharma also announced that DEN has  achieved break even in the company's broadband business for the full quarter despite telecom launches and freebies offered by the big players.

Segment numbers

The company has two operating segments that contribute to revenue for now– Cable Distribution Network (Cable) and Broadband (brand Boomband). Both segments reported improved operating numbers. Its third segment – the soccer segment has no revenue as of now. The segment has neither income nor result for the current quarter. That's because the company is gradually exiting from the business and has divested almost 80 per cent of its equity in the team.

Cable segment reported 35.4 percent growth in operating revenue in Q3-17 at Rs 277.36 crore as compared to Rs 204.84 crore in Q3-16. The segment’s operating loss in the current quarter improved significantly to Rs 11.68 crore as compared to higher operating loss of Rs 43.90 core in Q3-16 and an operating loss of Rs 31.22 crore in the immediate trailing quarter.

Broadband segment revenue increased 82.6 in the current quarter to Rs 21.47 crore as compared to Rs 11.76 crore in Q3-16. The segment reported lower standalone operating loss in Q3-17 of Rs 7.22 crore as compared to an operating loss of Rs 19.77 crore in the corresponding year ago quarter.

Let us look at the other numbers reported by Den

Other Income in Q3-17 declined 2.2 percent to Rs 12.26 crore as compared to Rs 12.53 crore in Q3-16

Total Expenditure in the current quarter was 0.8 percent lower at Rs 317.73 crore (118.2 percent of TIO) as compared Rs 320.17 crore (162.6 percent of TIO) in Q3-16.

A major cost head for Den is Content Costs which increased 3.5 percent to Rs 119.28 crore (44.4 percent of TIO) in Q3-17 from Rs 115.27 crore (58.5 percent of TIO).

Other Expenses reduced 26.9 percent in the current quarter to Rs 84.44 crore (31.4 percent of TIO) as compared to Rs 115.49 crore (58.7 percent of TIO) in Q3-16.

Placement fees increased 2.9 percent in the current quarter to Rs 11.82 crore (4.4 percent of TIO) as compared to Rs 11.49 crore (5.8 percent of TIO) in the corresponding year ago quarter.

Employee benefits expense in Q3-17 increased 17.3 percent to Rs 32.95 crore (12.3 percent of TIO) as compared to Rs 28.10 crore (14.3 percent of TIO) in Q3-16.

Finance costs in the current quarter increased 9 percent to Rs 20.44 crore (7.6 percent of TIO) as compared to Rs 18.75 crore (9.5 percent of TIO) in Q3-16.

Note: (1) All numbers mentioned in this report are standalone unless stated otherwiserigh.

(2)The unit of currency in this report is the Indian rupee - Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/19/en.jpg?itok=D3gT426Y
DEN Network fixed-line b’band biz plan hinges on partnerships & leveraging present infra

MUMBAI: With telcos handing out data at cheap rates in various package sizes under innovative schemes, mobile data consumption has increased rapidly in India in the last few years, while the growth of fixed-line broadband (FLBB) users has been tepid, if not completely static. MSO DEN Networks now...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/15/den.jpg?itok=QQbrO9t0
DEN aims to convert 10% of SD subscribers to HD in a year

DEN Networks CEO SN Sharma has set a target of converting 10 per cent of its standard definition (SD) subscribers to high definition (HD) within a year.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/15/gtpl.jpg?itok=iHTj8qw9
GTPL Hathway appoints Viren Thakkar as new chief financial officer

GTPL Hathway , one of the major players in the Indian cable TV and broadband industry, has appointed Viren Thakkar as chief financial officer of the company. The appointment ,which will come into effect from 2nd July, was posted on the Bombay Stock Exchange (BSE) website.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/13/hathway.jpg?itok=j_Ps51Lv
Hathway plans to seed 2.5 lakh high definition set top boxes in FY19

Going along the lines of FY18, broadband and cable TV service provider Hathway Cable and Datacom is planning a Capex of Rs 310 crore in FY19. In addition to that, it plans to seed 2.5 lakh high definition (HD) set top boxes (STB) in FY19. The company had 2.16 lakh HD subscribers at the end of...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/05/gtpl.jpg?itok=f9kTo-vP
Jayanta Pani Resigns as CFO of GTPL Hathway

Jayanta Pani chief financial officer (CFO) of GTPL Hathway has decided to part ways with the company. Pani's last working day at GTPL, where he joined in November 2008, will be 30th June.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/01/tv.jpg?itok=Ky_blUZ3
VITEC and ATX join hands for distribution of IPTV content

VITEC, a worldwide leader in advanced video encoding and streaming solutions, and ATX Networks, a technology leader of optical and media access platforms, has announced a strategic partnership to provide a fully secure architecture for distribution of IPTV content throughout the enterprise network...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/29/ram.jpg?itok=bxg_Fn4I
Obit: Remembering InCable’s Ram T Hingorani

MUMBAI: “Hi I am Ram Hingorani,” said the squeaky but very amiable voice. I looked around and saw this short bespectacled man dressed in a safari suit, with his hair slicked back. “I am here to show you around and I am with the media business of the Hindujas.” The time was the mid to late nineties...

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/28/gtpl.jpg?itok=IpVVpMl7
GTPL revenue up as subs base, ARPU increase in fiscal 2018

As mentioned by us earlier, Indian multi-system operator and internet service provider GTPL Hathway Ltd’s(GTPL) consolidated total revenue for FY 2018 (fiscal 2018, yearunder review, year ended 31 March 2018) had increased 18.2 percent as compared to the previous year (FY 2017).

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/29/hathway.jpg?itok=qW-ovPbC
Hathway reports improved numbers

BENGALURU: The demerged Hathway Cable and Datacom Ltd (Hathway) reported standalone profit after tax (PAT) of Rs 12.62 crore (8.7 per cent of operating revenue) for the quarter ended 31 March 2018 (Q4 2018, quarter under review), 47.1 per cent lower as compared PAT of Rs 23.87 crore (17.2 per cent...

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories