Den cable biz Q3 net up 6.6% to Rs 65 mn

MUMBAI: Sameer Manchanda-promoted Den Networks‘ cable business has posted a 6.6 per cent jump in its net profit for the three-month period ended 31 December compared to the year-ago period.

The multi-system operator (MSO) with a pan-India footprint has posted a net profit of Rs 65.2 million (before ESOP expenses) compared to Rs 61.2 million in the year-ago period from its cable business. However, after ESOP expenses, the net comes down to Rs 30.8 million.

In the trailing quarter, the net profit was at Rs 26.9 million.

Total revenue from the cable business during the quarter jumped 20.7 per cent to Rs 1.69 billion as against Rs 1.4 billion in the corresponding quarter of the previous fiscal. In the three-month period ended 30 September, the revenue was at Rs 1.63 billion.

Den‘s profit from operations before other income, interests and exceptional items (Ebitda) jumped 18.4 per cent (before one-time expenses of Rs 12.8 million) at Rs 310.2 million compared to the earlier year (Rs 261.9 million), while in the trailing quarter Ebitda was at Rs 284.7 million.

Den said that it has secured adequate supplies of set-top-boxes necessary for digitising its subscriber base in the initial phases and has invested heavily in a nationwide digital footprint with digital headends operating in 17 locations across the country and capable of serving subscribers across markets. It added that it has built a comprehensive customer services platform with multiple touch points including a toll free call centre that addresses consumer queries on digitisation and helps subscribers in Den territories obtain set-top-boxes for their homes.

Den has also strengthened its online presence with a consumer focused website that educates consumers about digitisation and the company?s offerings.

Den Networks CEO SN Sharma said, ?We are pleased with the company?s performance during the past quarter. Den exhibited strong revenue growth of 21 per cent and robust Ebitda margins in a tough economic environment while the company continues to invest in digitisation. We are working actively with our partners in making full digitisation a reality.?

On a consolidated basis, Den has posted a net profit of Rs 35.3 million (after ESOP expenses), as against Rs 91.8 million in the corresponding quarter of the previous fiscal. In the trailing quarter, the net profit was at Rs 44.4 million (after ESOP expenses).

Total revenue was up at Rs 2.82 billion, compared to Rs 2.68 billion in the year -ago period and Rs 2.59 billion in the trailing quarter. Expenses surged to Rs 2.50 billion, from Rs 2.38 billion in the year ago quarter and Rs 2.28 billion in the trailing quarter.

Den clarified that consolidated financials of the past year (Q3 FY?11) are not strictly comparable with the financials of Q3 FY?12. ?Current consolidated financials of Den effectively consolidate 25 per cent of MediaPro financials, which is not comparable to the figures of the corresponding quarter of the previous financial year that consolidated 50 per cent of Star Den financials, the company said.

Latest Reads
Livestreaming App SWOO sees momentum in India; Launches Trivia Format in India

SWOO, a leading global livestreaming platform established in Middle East, today announced the launch of its SWOO TRIVIA SHOW ? a celebrity hosted live video streaming game show for Indians. SWOO is a user friendly, engaging and feature-rich live broadcasting app available across Android/ iOS/ Web...

Technology Software Applications
TiVo exits STB business

MUMBAI: TiVo is exiting the manufacturing, sales and distribution of set-top boxes to a yet-undisclosed third party, the company has said.

Technology Hardware Set-top Boxes
IET India IoT Panel joins hands with exhibitions india group for the 3rd edition of IoT india congress

IoT India Congress is India?s Platform of Platforms for the Internet of Things conceptualized by IET India IoT Panel, a think tank constituted by the Institution of Engineering and Technology (IET) India. The 3rd edition of IoT India Congress will be hosted in collaboration with India?s leading...

Technology Software Firmware
Tata Elxsi's Automation suite adopted by pan-European Media and Telecommunications Company

Tata Elxsi, a global design and technology services company, announced the licensing of its integrated test automation and monitoring suite ?FalconEye? to a pan-European media and telecommunications company for OTT automation and improving streaming performance.

Technology Software Firmware
Verimatrix recognized for contributions to latin american Pay-TV market with PRODU award win at NAB Show

LAS VEGAS: Verimatrix, a specialist in securing and enhancing revenue for network-connected devices and services, has received the PRODU Award for Best Pay-TV Technology Contribution on behalf of its MultiRights? OTT solution. MultiRights helps service providers effectively navigate the modern OTT...

Technology Software Firmware
Amagi debuts machine-learning powered content-preparation suite

Amagi, a cloud-based technology provider for media processing, has launched Tornado, a machine learning-based content preparation service that enables TV networks and content owners to scale their operations and accelerate broadcast workflows.

Technology Hardware Components
Sharp and TiVo extend interactive program guide deal to power content Discovery across entertainment devices

MUMBAI: TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience insights, today announced that Sharp Corporation will further utilize TiVo?s G-Guide HTML across Sharp 4K smart TVs and Ultra HD Blu-ray recorders in Japan, TiVo?s G-Guide xD app and remote schedule...

Technology Hardware Components
HARMAN announces Priyanka Chopra as global brand ambassador

HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer and enterprise markets, today announced that actress, singer, producer and philanthropist Priyanka Chopra has been named a global brand ambassador for the...

Technology Hardware Components
Etere HSM expands interoperability with Grass Valley

Etere HSM features an integration with Grass Valley that improves interoperability, streamlines connectivity, enables faster content processing and includes deep archive capabilities. Etere introduces a new integration layer between Etere Hierarchical Storage Management (HSM) and Grass Valley...

Technology Hardware Components

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories